Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31Training ServicesThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.32024-04-01false3truetruefalse 06721204 2024-04-01 2025-03-31 06721204 2023-04-01 2024-03-31 06721204 2025-03-31 06721204 2024-03-31 06721204 c:Director1 2024-04-01 2025-03-31 06721204 d:OfficeEquipment 2024-04-01 2025-03-31 06721204 d:OfficeEquipment 2025-03-31 06721204 d:OfficeEquipment 2024-03-31 06721204 d:FreeholdInvestmentProperty 2025-03-31 06721204 d:FreeholdInvestmentProperty 2024-03-31 06721204 d:CurrentFinancialInstruments 2025-03-31 06721204 d:CurrentFinancialInstruments 2024-03-31 06721204 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 06721204 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06721204 d:ShareCapital 2025-03-31 06721204 d:ShareCapital 2024-03-31 06721204 d:OtherMiscellaneousReserve 2024-04-01 2025-03-31 06721204 d:OtherMiscellaneousReserve 2025-03-31 06721204 d:OtherMiscellaneousReserve 2024-03-31 06721204 d:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 06721204 d:RetainedEarningsAccumulatedLosses 2025-03-31 06721204 d:RetainedEarningsAccumulatedLosses 2024-03-31 06721204 c:FRS102 2024-04-01 2025-03-31 06721204 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 06721204 c:FullAccounts 2024-04-01 2025-03-31 06721204 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06721204 2 2024-04-01 2025-03-31 06721204 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 06721204










PROFESSIONAL PROCUREMENT & CONTRACT SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
PROFESSIONAL PROCUREMENT & CONTRACT SERVICES LIMITED
REGISTERED NUMBER: 06721204

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Investment property
 5 
670,999
670,999

  
670,999
670,999

Current assets
  

Debtors: amounts falling due within one year
 6 
6,164
2,085

Cash at bank and in hand
  
30,881
55,104

  
37,045
57,189

Creditors: amounts falling due within one year
 7 
(24,415)
(68,326)

Net current assets/(liabilities)
  
 
 
12,630
 
 
(11,137)

Total assets less current liabilities
  
683,629
659,862

Provisions for liabilities
  

Deferred tax
  
(28,095)
(28,095)

  
 
 
(28,095)
 
 
(28,095)

Net assets
  
655,534
631,767


Capital and reserves
  

Called up share capital 
  
100
100

Other reserves
 8 
153,333
153,333

Profit and loss account
 8 
502,101
478,334

  
655,534
631,767

Page 1

 
PROFESSIONAL PROCUREMENT & CONTRACT SERVICES LIMITED
REGISTERED NUMBER: 06721204
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

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 profit and loss account 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: 




W J Tipping
Director
Date: 6 June 2025

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
PROFESSIONAL PROCUREMENT & CONTRACT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Professional Procurement & Contract Services Limited is a private company limited by shares and
incorporated in England and Wales. The registered office address is 52 New Town, Uckfield, East
Sussex, TN22 5DE. The company's number is 06721204.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the
Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:
Revenue represents rent and service charges receivable in the period in which the services are
provided and in accordance with the rental agreement. Rent receivable is invoiced monthly at the
beginning of the month for which the rental income relates.

 
2.3

Interest income

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

 
2.4

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.

Page 3

 
PROFESSIONAL PROCUREMENT & CONTRACT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

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.


 
2.6

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%
Straight line

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.

Page 4

 
PROFESSIONAL PROCUREMENT & CONTRACT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.9

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.

 
2.10

Creditors

Short-term creditors are measured at the transaction price.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

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 3 (2024 - 3).






Page 5

 
PROFESSIONAL PROCUREMENT & CONTRACT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Office equipment

£



Cost


At 1 April 2024
2,122



At 31 March 2025

2,122



Depreciation


At 1 April 2024
2,122



At 31 March 2025

2,122



Net book value



At 31 March 2025
-



At 31 March 2024
-


5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2024
670,999



At 31 March 2025
670,999

The 2025 valuations were made by the directors.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2025
2024
£
£


Historic cost
489,572
489,572

Page 6

 
PROFESSIONAL PROCUREMENT & CONTRACT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Debtors

2025
2024
£
£


Trade debtors
5,970
1,970

Prepayments and accrued income
194
115

6,164
2,085



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Corporation tax
6,441
8,445

Other creditors
15,000
58,000

Accruals and deferred income
2,974
1,881

24,415
68,326



8.


Reserves

Other reserves

The other reserve comprises of the revaluations relating to the fixed asset investment properties net of
deferred tax on the gain.

Profit and loss account

The profit and loss account comprises of the balance of profits accumulated over the life of the company.


9.


Related party transactions

Included in other creditors is a loan to the value of £15,000 (2024 - £58,000) due to the directors of the
company. This is interest bearing and repayable on demand.

 
Page 7