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Registered number: 10145263
The PC Agency Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Harris & Company (C.A.) Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 10145263
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 47,500 77,500
Tangible Assets 5 20,816 13,238
Investments 6 559,282 559,331
627,598 650,069
CURRENT ASSETS
Debtors 7 695,948 562,137
Cash at bank and in hand 860,444 841,099
1,556,392 1,403,236
Creditors: Amounts Falling Due Within One Year 8 (367,571 ) (337,280 )
NET CURRENT ASSETS (LIABILITIES) 1,188,821 1,065,956
TOTAL ASSETS LESS CURRENT LIABILITIES 1,816,419 1,716,025
NET ASSETS 1,816,419 1,716,025
CAPITAL AND RESERVES
Called up share capital 9 229 229
Share premium account 702,357 702,357
Profit and Loss Account 1,113,833 1,013,439
SHAREHOLDERS' FUNDS 1,816,419 1,716,025
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
P Charles
Director
10 September 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The PC Agency Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10145263 . The registered office is 4-6 Canfield Place, London, NW6 3BT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% straight line
Computer Equipment 33% straight line
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2.5. Investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a longterm interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 33 (2023: 29)
33 29
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4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 300,000
As at 31 December 2024 300,000
Amortisation
As at 1 January 2024 222,500
Provided during the period 30,000
As at 31 December 2024 252,500
Net Book Value
As at 31 December 2024 47,500
As at 1 January 2024 77,500
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 14,394 50,905 65,299
Additions 4,629 14,555 19,184
As at 31 December 2024 19,023 65,460 84,483
Depreciation
As at 1 January 2024 13,323 38,738 52,061
Provided during the period 1,647 9,959 11,606
As at 31 December 2024 14,970 48,697 63,667
Net Book Value
As at 31 December 2024 4,053 16,763 20,816
As at 1 January 2024 1,071 12,167 13,238
Page 5
Page 6
6. Investments
Subsidiaries Unlisted Total
£ £ £
Cost or Valuation
As at 1 January 2024 434,331 125,000 559,331
Additions 51 - 51
Disposals (100 ) - (100 )
As at 31 December 2024 434,282 125,000 559,282
Provision
As at 1 January 2024 - - -
As at 31 December 2024 - - -
Net Book Value
As at 31 December 2024 434,282 125,000 559,282
As at 1 January 2024 434,331 125,000 559,331
The directors consider that the carrying amounts of financial assets carried at amortised cost in the financial statements approximate to their fair values.
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 628,984 428,206
Amounts owed by group undertakings 27,666 7,194
Other debtors 39,298 126,737
695,948 562,137
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 93,732 113,063
Other creditors 65,912 110,202
Taxation and social security 207,927 114,015
367,571 337,280
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9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2,000,000 Ordinary Shares of £ 0.0001 each 200 200
285,714 Ordinary A shares of £ 0.0001 each 29 29
229 229
10. Related Party Disclosures
During the year, the company has paid expenses on behalf of it's wholly owned subsidiary, The PC Agency (APAC) Pty Ltd, of £19,869.
As at the year end date, the balance outstanding is £19,869 (2023: Nil).  The amount is non-interest bearing and is repayable on demand.
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