REGISTERED NUMBER: 08300933 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

PCL PLANNING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A C Graves

REGISTERED OFFICE:

1a Parliament Square

Parliament Street

Crediton

Devon

EX17 2AW

REGISTERED NUMBER:

08300933 (England and Wales)

ACCOUNTANTS:

Gravita Western Limited

Keble House

Southernhay Gardens

Exeter

Devon

EX1 1NT

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

9,339

10,969

9,339

10,969

CURRENT ASSETS

Stocks

43,000

30,168

Debtors

7

107,166

154,241

Cash at bank and in hand

210,359

477,607

360,525

662,016

CREDITORS

Amounts falling due within one year

8

(111,881

)

(87,921

)

NET CURRENT ASSETS

248,644

574,095

TOTAL ASSETS LESS CURRENT LIABILITIES

257,983

585,064

PROVISIONS FOR LIABILITIES

(2,335

)

(3,015

)

NET ASSETS

255,648

582,049

CAPITAL AND RESERVES

Called up share capital

1,231

6,156

Capital redemption reserve

4,925

-

Retained earnings

249,492

575,893

SHAREHOLDERS' FUNDS

255,648

582,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 December 2025 and were signed by:

A C Graves - Director

1.	COMPANY INFORMATION

PCL Planning Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The company's principal place of business is: 13a - 15a Old Park Avenue, Exeter, Devon EX1 3WD.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover represents amounts chargeable in respect of the sale of services to customers falling within the company's ordinary activities.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% reducing balance

Fixtures and Fittings - 20% reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cash and cash equivalents

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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 future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Long term contracts

Amounts recoverable on long term contracts, which are included in debtors are stated at the net sales value of work done after provisions for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments received on account.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

108,799

AMORTISATION

At 1 April 2024

and 31 March 2025

108,799

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2024

9,884

44,976

54,860

Additions

-

529

529

At 31 March 2025

9,884

45,505

55,389

DEPRECIATION

At 1 April 2024

7,899

35,992

43,891

Charge for year

397

1,762

2,159

At 31 March 2025

8,296

37,754

46,050

NET BOOK VALUE

At 31 March 2025

1,588

7,751

9,339

At 31 March 2024

1,985

8,984

10,969

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

83,106

89,719

Other debtors

8,691

25,335

Directors' loan accounts

9,945

30,567

Prepayments and accrued income

5,424

8,620

107,166

154,241

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

5,041

4,832

Corporation tax

69,062

40,335

Social security and other taxes

1,866

3,547

VAT

28,633

32,148

Other creditors

829

1,189

Accruals and deferred income

6,450

5,870

111,881

87,921

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

D D Seaton

Balance outstanding at start of year

20,232

19,290

Amounts advanced

278

942

Amounts repaid

(20,510

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

20,232

A C Graves

Balance outstanding at start of year

10,335

10,334

Amounts advanced

233

336

Amounts repaid

(624

)

(335

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,944

10,335

10.	RELATED PARTY DISCLOSURES

During the year, the company incurred consultancy fees of £13,738 payable to Low Pressure Developments Ltd, a company in which David Seaton, a director of this company, is also a director.