Registered number
08261876
Three Counties Property Services
Filleted Accounts
31 October 2024
Three Counties Property Services
Registered number: 08261876
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,868 3,952
Current assets
Debtors 4 9,356 16,366
Cash at bank and in hand 91,872 87,630
101,228 103,996
Creditors: amounts falling due within one year 5 (101,432) (90,174)
Net current (liabilities)/assets (204) 13,822
Net assets 1,664 17,774
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,662 17,772
Shareholders' funds 1,664 17,774
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Ridgway
Director
Approved by the board on 27 May 2025
Three Counties Property Services
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office Equipment over 5 years
Furniture & Fittings over 5 years
Motor Vehicles over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2023 13,755 3,608 3,726 21,089
Additions - - - -
At 31 October 2024 13,755 3,608 3,726 21,089
Depreciation
At 1 November 2023 10,549 3,608 2,980 17,137
Charge for the year 1,258 - 826 2,084
At 31 October 2024 11,807 3,608 3,806 19,221
Net book value
At 31 October 2024 1,948 - (80) 1,868
At 31 October 2023 3,206 - 746 3,952
4 Debtors 2024 2023
£ £
Trade debtors 9,356 16,366
Other debtors - -
9,356 16,366
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 8,078 9,719
Taxation and social security costs 93,354 80,455
101,432 90,174
6 Other information
Three Counties Property Services is a private company limited by shares and incorporated in England. Its registered office is:
24 Quartz Close Wokingham RG41 3TS
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