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Company Registration No. 12244870 (England and Wales)
P5 DEVELOPMENTS LTD Unaudited accounts for the year ended 31 October 2024
P5 DEVELOPMENTS LTD Unaudited accounts Contents
Page
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P5 DEVELOPMENTS LTD Company Information for the year ended 31 October 2024
Director
Neil Pritchard
Company Number
12244870 (England and Wales)
Registered Office
57 Stonepark Avenue Beckenham BR3 3LU United Kingdom
Accountants
Solid Ltd Eagle House 163 City Road London EC1V 1NR
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P5 DEVELOPMENTS LTD Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
74,657 
92,631 
Current assets
Debtors
6,243 
29,388 
Cash at bank and in hand
33,723 
49,435 
39,966 
78,823 
Creditors: amounts falling due within one year
(51,998)
(77,806)
Net current (liabilities)/assets
(12,032)
1,017 
Total assets less current liabilities
62,625 
93,648 
Creditors: amounts falling due after more than one year
(48,472)
(67,752)
Provisions for liabilities
Deferred tax
(13,101)
(16,278)
Net assets
1,052 
9,618 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,051 
9,617 
Shareholders' funds
1,052 
9,618 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 July 2025 and were signed on its behalf by
Neil Pritchard Director Company Registration No. 12244870
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P5 DEVELOPMENTS LTD Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
P5 DEVELOPMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 12244870. The registered office is 57 Stonepark Avenue, Beckenham, BR3 3LU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
over 4 years
Computer equipment
over 4 years
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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P5 DEVELOPMENTS LTD Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
113,144 
2,437 
115,581 
Additions
- 
1,550 
1,550 
At 31 October 2024
113,144 
3,987 
117,131 
Depreciation
At 1 November 2023
22,292 
658 
22,950 
Charge for the year
18,696 
828 
19,524 
At 31 October 2024
40,988 
1,486 
42,474 
Net book value
At 31 October 2024
72,156 
2,501 
74,657 
At 31 October 2023
90,852 
1,779 
92,631 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
619 
- 
Trade debtors
3,744 
26,414 
Accrued income and prepayments
1,880 
2,076 
Other debtors
- 
898 
6,243 
29,388 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
7,400 
21,107 
VAT
- 
13,990 
Obligations under finance leases and hire purchase contracts
11,874 
12,885 
Trade creditors
9,776 
6,277 
Taxes and social security
17,227 
10,238 
Other creditors
10,500 
- 
Loans from directors
(4,779)
809 
Deferred income
- 
12,500 
51,998 
77,806 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,250 
13,650 
Obligations under finance leases and hire purchase contracts
42,222 
54,102 
48,472 
67,752 
8
Average number of employees
During the year the average number of employees was 3 (2023: 1).
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