PP Comms Ltd - Filleted accounts


PP COMMS LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2025



































Company Registration Number: 05850082

PP COMMS LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 10

PP COMMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2025


DIRECTORS

G F Beard
N J Davies
J Fayers
H Goral
M I Jenkins


SECRETARY

M E Du-Venage


REGISTERED OFFICE

2 Redcliffe Way
Redcliffe
Bristol
BS1 6NL


COMPANY REGISTRATION NUMBER

05850082 England and Wales

PP COMMS LTD

BALANCE SHEET
AS AT 30 JUNE 2025


	Notes	2025		2024
		£		£

FIXED ASSETS
Tangible assets	5		5,677		9,569
Investments	6		100		-


			5,777		9,569

CURRENT ASSETS
Debtors	7	1,016,409		1,222,931
Cash at bank and in hand		186,252		60,566


		1,202,661		1,283,497

CREDITORS: Amounts falling due within one year	8	383,205		512,360
CREDITORS: Amounts falling due within one year


NET CURRENT ASSETS			819,456		771,137


TOTAL ASSETS LESS CURRENT LIABILITIES			825,233		780,706

Provisions for liabilities and charges			1,419		2,392


NET ASSETS			823,814		778,314


CAPITAL AND RESERVES
Called up share capital			445		445
Share premium account			331,686		331,686
Distributable profit and loss account			490,783		445,283
Capital redemption reserve			900		900


SHAREHOLDERS' FUNDS			823,814		778,314

PP COMMS LTD

BALANCE SHEET
AS AT 30 JUNE 2025


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

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.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board of directors




N J Davies
Director

Date approved by the board: 7 October 2025

PP COMMS LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025


1	GENERAL INFORMATION

	PP Comms Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	2 Redcliffe Way
	Redcliffe
	Bristol
	BS1 6NL

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of public relations and communications activity services as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts and value added tax.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.


	Tangible fixed assets

	Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

	Depreciation has been provided at the following rate so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	Office equipment					Reducing balance basis and straight line basis at 20% - 25% per annum

	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

	Investments

	Investments in subsidiaries are shown at cost less accumulated impairment losses.

PP COMMS LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Financial Instruments

	A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.


	Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.

PP COMMS LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Debtors

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

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

	Leases

	Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. Other leases that do not transfer substantially all the risks and rewards of ownership of the leased assets to the company are classified as operating leases.

	Assets held under finance leases are recognised in accordance with the company's policy for tangible fixed assets. The corresponding obligations to lessors under finance leases are treated in the balance sheet as a liability. The assets and liabilities under finance leases are recognised at amounts equal to the fair value of the assets, or if lower, the present value of minimum lease payments, determined at the inception of the lease.

	Minimum lease payments are apportioned between finance charges and the reduction in the outstanding liabilities using the effective interest method. The finance charge is allocated to each period during the lease so as to produce a constant rate of interest on the remaining balance of the liabilities. Finance charges are recognised in the profit and loss account.


	Payments applicable to operating leases are charged against profit on a straight line basis over the lease term.

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other taxable profits.

	Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Current and deferred tax assets and liabilities are not discounted.

PP COMMS LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Borrowing costs

	All borrowing costs are recognised in the profit and loss account in the period in which they are incurred.

	Pensions

	The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.

	Consolidation

	The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has therefore taken advantage of the option provided by section 399 of the Companies Act 2006 not to prepare group accounts.


3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the directors in preparing these financial statements.


4	EMPLOYEES

	The average number of persons employed by the company (including directors) during the year was:

		2025	2024
	Average number of employees	42	44

PP COMMS LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025


5	TANGIBLE ASSETS
			Office equipment
			£
	Cost
	At 1 July 2024		24,133

	Additions		748

	Disposals		(5,391)


	At 30 June 2025		19,490


	Accumulated depreciation and impairments
	At 1 July 2024		14,564

	Charge for year		3,696

	Disposals		(4,447)


	At 30 June 2025		13,813


	Net book value
	At 1 July 2024		9,569


	At 30 June 2025		5,677



6	FIXED ASSET INVESTMENTS
		2025	2024
	Investment in subsidiary	£	£
	Infrastructure and Development Board Limited	100	-

	The company holds 100% of the issued share capital of Infrastructure and Development Board Limited, a company incorporated in England and Wales, whose registered office is 2 Redcliffe Way, Redcliffe, Bristol, BS1 6NL.


7	DEBTORS
		2025	2024
		£	£
	Trade debtors	770,801	1,056,726
	Prepayments and accrued income	38,295	36,668
	Other debtors	207,313	129,537


		1,016,409	1,222,931

PP COMMS LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025


8	CREDITORS: Amounts falling due within one year
					2025	2024
					£	£
	Bank loans and overdrafts				-	37,500
	Trade creditors				76,175	93,715
	Taxation and social security				290,100	323,654
	Accruals and deferred income				16,830	8,396
	Other creditors				100	49,095


					383,205	512,360



9	SECURED DEBTS

	The company's bankers hold fixed and floating charges over all the assets of the company.


10	CONTINGENCIES AND COMMITMENTS

	Other Commitments

	Amounts falling due under operating leases:				2025	2024
					£	£
	In less than one year				83,368	100,455
	In more than one but less than five years				38,273	24,763


					121,641	125,218



11	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

	The following directors' advances, credits and guarantees took place during the year:

		Balance at 1 July 2024	Amounts advanced	Amounts repaid	Amounts written off or waived	Balance at 30 June 2025
		£	£	£	£	£
	G F Beard	9,549	61	-	-	9,610
	N J Davies	-	1,412	-	-	1,412
	J Fayers	23,723	14,416	-	-	38,139
	H Goral	26,566	4,444	-	-	31,010
	M I Jenkins	44,528	13,846	-	-	58,374


		104,366	34,179	-	-	138,545

	Interest has been charged on these advances at the Beneficial Loan Arrangement Official Rate as prescribed by HM Revenue and Customs. These advances are repayable on demand.

PP COMMS LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

12	RELATED PARTY TRANSACTIONS

	The company has claimed exemptions from reporting disclosure of related party transactions with the following wholly owned group members:

	Infrastructure and Development Board Limited		Subsidiary undertaking

	During the year, the following transactions with related parties took place:
				2025	2024
				£	£
	N J Davies
	Director and shareholder

	Advances to company	The director has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the director the following amount:		-	9,095