Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-31true2023-11-01falseNo description of principal activity812falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02696302 2023-11-01 2024-10-31 02696302 2022-11-01 2023-10-31 02696302 2024-10-31 02696302 2023-10-31 02696302 2022-11-01 02696302 c:Director1 2023-11-01 2024-10-31 02696302 d:MotorVehicles 2023-11-01 2024-10-31 02696302 d:MotorVehicles 2024-10-31 02696302 d:MotorVehicles 2023-10-31 02696302 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 02696302 d:FurnitureFittings 2023-11-01 2024-10-31 02696302 d:FurnitureFittings 2024-10-31 02696302 d:FurnitureFittings 2023-10-31 02696302 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 02696302 d:OfficeEquipment 2023-11-01 2024-10-31 02696302 d:OfficeEquipment 2024-10-31 02696302 d:OfficeEquipment 2023-10-31 02696302 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 02696302 d:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 02696302 d:OtherPropertyPlantEquipment 2024-10-31 02696302 d:OtherPropertyPlantEquipment 2023-10-31 02696302 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 02696302 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 02696302 d:CurrentFinancialInstruments 2024-10-31 02696302 d:CurrentFinancialInstruments 2023-10-31 02696302 d:Non-currentFinancialInstruments 2024-10-31 02696302 d:Non-currentFinancialInstruments 2023-10-31 02696302 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 02696302 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 02696302 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 02696302 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 02696302 d:ShareCapital 2024-10-31 02696302 d:ShareCapital 2023-10-31 02696302 d:SharePremium 2024-10-31 02696302 d:SharePremium 2023-10-31 02696302 d:RetainedEarningsAccumulatedLosses 2024-10-31 02696302 d:RetainedEarningsAccumulatedLosses 2023-10-31 02696302 c:FRS102 2023-11-01 2024-10-31 02696302 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 02696302 c:FullAccounts 2023-11-01 2024-10-31 02696302 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 02696302 d:WithinOneYear 2024-10-31 02696302 d:WithinOneYear 2023-10-31 02696302 d:BetweenOneFiveYears 2024-10-31 02696302 d:BetweenOneFiveYears 2023-10-31 02696302 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 02696302 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 02696302 2 2023-11-01 2024-10-31 02696302 6 2023-11-01 2024-10-31 02696302 2 2024-10-31 02696302 2 2023-10-31 02696302 f:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 02696302










PHILLIPS PLANNING SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
PHILLIPS PLANNING SERVICES LIMITED
REGISTERED NUMBER: 02696302

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2024
2023
2023
£
£
£
£

Fixed assets
  

Tangible assets
 4 
48,228
23,992

Investments
 5 
1
1

  
48,229
23,993

Current assets
  

Debtors: amounts falling due within one year
 6 
610,950
529,714

Cash at bank and in hand
 7 
1,870,195
1,784,249

  
2,481,145
2,313,963

Creditors: amounts falling due within one year
 8 
(1,056,288)
(1,007,580)

Net current assets
  
 
 
1,424,857
 
 
1,306,383

Total assets less current liabilities
  
1,473,086
1,330,376

Creditors: amounts falling due after more than one year
 9 
(7,033)
(17,365)

Provisions for liabilities
  

Deferred tax
 10 
(4,078)
(3,610)

Net assets
  
1,461,975
1,309,401


Capital and reserves
  

Called up share capital 
  
1,111
1,111

Share premium account
  
4,889
4,889

Profit and loss account
  
1,455,975
1,303,401

  
1,461,975
1,309,401


Page 1

 
PHILLIPS PLANNING SERVICES LIMITED
REGISTERED NUMBER: 02696302
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
John Charles Edward Phillips
Director

Date: 24 April 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
PHILLIPS PLANNING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Phillips Planning Services Limited is a private limited company, incorporated in England and Wales.

The registered office and principal place of business is Kingsbrook House, 7 Kingsway, Bedford, MK42 9BA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
PHILLIPS PLANNING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.3

Turnover

The turnover shown in the Statement of Income and Retained Earnings represents amounts due during the year, exclusive of Value Added Tax.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight line basis over the lease term.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
PHILLIPS PLANNING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
PHILLIPS PLANNING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
per annum
Fixtures and fittings
-
25%
per annum
Office equipment
-
25%
per annum
Leasehold improvements
-
Over the term of the lease

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Valuation of investments

Investments held as fixed assets are stated at cost less provision for dimunition in value.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 12).

Page 6

 
PHILLIPS PLANNING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Leasehold Imp'ments
Total

£
£
£
£
£



Cost or valuation


At 1 November 2023
19,633
51,175
27,530
74,738
173,076


Additions
32,049
1,618
3,311
-
36,978


Disposals
(19,633)
-
-
-
(19,633)



At 31 October 2024

32,049
52,793
30,841
74,738
190,421



Depreciation


At 1 November 2023
18,583
50,918
14,612
64,971
149,084


Charge for the year on owned assets
4,137
98
3,422
4,166
11,823


Disposals
(18,714)
-
-
-
(18,714)



At 31 October 2024

4,006
51,016
18,034
69,137
142,193



Net book value



At 31 October 2024
28,043
1,777
12,807
5,601
48,228



At 31 October 2023
1,050
257
12,918
9,767
23,992


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 November 2023
1



At 31 October 2024

1






Net book value



At 31 October 2024
1



At 31 October 2023
1

Page 7

 
PHILLIPS PLANNING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
213,247
139,187

Prepayments and accrued income
397,703
390,527

610,950
529,714



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,870,195
1,784,249



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,332
10,077

Trade creditors
31,630
15,695

Amounts owed to group undertakings
858,690
868,795

Corporation tax
57,554
29,258

Other taxation and social security
64,682
58,366

Other creditors
12,582
6,909

Accruals and deferred income
20,818
18,480

1,056,288
1,007,580


The bank loan is secured by a guarantee from the UK Govermment under the BBLS.


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
7,033
17,365


The bank loan is secured by a guarantee from the UK Govermment under the BBLS.

Page 8

 
PHILLIPS PLANNING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

10.


Deferred taxation




2024
2023


£

£






At beginning of year
(3,610)
(4,441)


Charged to profit or loss
(468)
831



At end of year
(4,078)
(3,610)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(4,078)
(3,610)


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £16,692 (2023 - £13,604). The amount outstanding at the year end is £3,052 (2023 - £2,879).


12.


Operating lease commitments

At 31 October 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
31,151
11,455

Later than 1 year and not later than 5 years
51,306
-

82,457
11,455

Page 9

 
PHILLIPS PLANNING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

13.


Related party transactions

During the year the Company paid rent for the premises it occupied to John Charles Edward Phillips totalling £42,000  (2023 - £42,000).
The amount owed to PPS Investments Limitedmajority shareholder of the Company, was £858,690 (2023 - £868,795). Interest charged on the intercompany loan during the year was £28,733 (2023 - £28,733). Interest is charged at 3.5%.
Management fees of £30,000 (2023 - £30,000) were paid to PPS Investments Limited

 
Page 10