PPIY Limited Company accounts

COMPANY REGISTRATION NUMBER: 06456444

PPIY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 January 2025

PPIY LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 JANUARY 2025

CONTENTS	PAGE

Officers and professional advisers	1

Directors' report	2

Income statement	3

Statement of financial position	4

Notes to the financial statements	6

The following pages do not form part of the financial statements

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	11

PPIY LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	Mr M Druery
	Mr G Saxton

Registered office	Suite 8
	The Catalyst
	Baird Lane
	Heslington
	York
	YO10 5GA

Accountants	Townends Accountants LLP
	Chartered Accountants
	Fulford Lodge
	1 Heslington Lane
	Fulford
	York
	YO10 4HW

Bankers	HSBC Bank Plc
	13 Parliament Street
	York
	YO1 8XS

PPIY LIMITED

DIRECTORS' REPORT

YEAR ENDED 31 JANUARY 2025

The directors present their report and the unaudited financial statements of the company for the year ended 31 January 2025 .

PRINCIPAL ACTIVITIES

The principal activity of the company during the period was that of chartered architects.

DIRECTORS

The directors who served the company during the year were as follows:

Mr M Druery
Mr G Saxton

SMALL COMPANY PROVISIONS

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 18 September 2025 and signed on behalf of the board by:

Mr G Saxton

Director

Registered office:

Suite 8

The Catalyst

Baird Lane

Heslington

York

YO10 5GA

PPIY LIMITED

INCOME STATEMENT

YEAR ENDED 31 JANUARY 2025

	2025	2024
Note	£	£
TURNOVER	159,542	169,716

Cost of sales	41,751	86,640
	----------	----------
GROSS PROFIT	117,791	83,076

Administrative expenses	131,427	127,836
	----------	----------
OPERATING LOSS	( 13,636)	( 44,760)

Other interest receivable and similar income		49	186
		----------	----------
LOSS BEFORE TAXATION	5	( 13,587)	( 44,574)

Tax on loss	–	–
	--------	--------
LOSS FOR THE FINANCIAL YEAR	( 13,587)	( 44,574)
	--------	--------

All the activities of the company are from continuing operations.

The company has no other recognised items of income and expenses other than the results for the year as set out above.

PPIY LIMITED

STATEMENT OF FINANCIAL POSITION

31 January 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	7		–		548

CURRENT ASSETS

Work in progress		31,443	30,961
Debtors	8	31,362	20,107
Cash at bank and in hand		17	12,491
		--------	--------
		62,822	63,559

CREDITORS: amounts falling due within one year	9	32,742		20,440
		--------		--------
NET CURRENT ASSETS			30,080		43,119
			--------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			30,080		43,667
			--------		--------
NET ASSETS			30,080		43,667
			--------		--------

PPIY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 January 2025

	2025		2024
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	50	50
Capital redemption reserve	75	75
Profit and loss account	29,955	43,542
	--------	--------
SHAREHOLDERS FUNDS	30,080	43,667
	--------	--------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 18 September 2025 , and are signed on behalf of the board by:

Mr M Druery

Director

Company registration number: 06456444

PPIY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JANUARY 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 8, The Catalyst, Baird Lane, Heslington, York, YO10 5GA.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. ACCOUNTING POLICIES

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Going concern

The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

(c) Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable services rendered, stated net of discounts and of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

(d) Goodwill

Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years.

(e) Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

(f) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

(g) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Computers	-	33% straight line
Fixtures and fittings	-	20% reducing balance

(h) Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

(i) Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

(j) Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

(k) Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 3 (2024: 5 ).

5. PROFIT BEFORE TAXATION

Profit before taxation is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	11	99
	----	----

6. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1 February 2024 and 31 January 2025	480,000
	----------
Amortisation
At 1 February 2024 and 31 January 2025	480,000
	----------
Carrying amount
At 31 January 2025	–
	----------
At 31 January 2024	–
	----------

7. TANGIBLE ASSETS

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1 February 2024 and 31 January 2025	17,129	377	17,506
	--------	----	--------
Depreciation
At 1 February 2024 and 31 January 2025	17,129	377	17,506
	--------	----	--------
Carrying amount
At 31 January 2025	–	–	–
	--------	----	--------
At 31 January 2024	–	–	–
	--------	----	--------

8. DEBTORS

	2025	2024
	£	£
Trade debtors	26,654	12,235
Other debtors	4,708	7,872
	--------	--------
	31,362	20,107
	--------	--------

9. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	12,657	2,504
Accruals and deferred income	3,890	3,890
Social security and other taxes	2,016	861
Directors loans	14,179	13,185
	--------	--------
	32,742	20,440
	--------	--------

PPIY LIMITED

MANAGEMENT INFORMATION

YEAR ENDED 31 JANUARY 2025

The following pages do not form part of the financial statements.

PPIY LIMITED

CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PPIY LIMITED

YEAR ENDED 31 JANUARY 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PPIY Limited for the year ended 31 January 2025, which comprise the income statement, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of PPIY Limited, as a body, in accordance with the terms of our engagement letter dated 1 April 2012. Our work has been undertaken solely to prepare for your approval the financial statements of PPIY Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PPIY Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that PPIY Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of PPIY Limited. You consider that PPIY Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of PPIY Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Townends Accountants LLP Chartered Accountants

Fulford Lodge 1 Heslington Lane Fulford York YO10 4HW

18 September 2025