Company Registration No. 08795376 (England and Wales)
PPS Connect Limited
Unaudited accounts
for the year ended 31 March 2025
PPS Connect Limited
Unaudited accounts
Contents
PPS Connect Limited
Statement of financial position
as at 31 March 2025
Investment property
270,230
-
Cash at bank and in hand
13,754
72,724
Creditors: amounts falling due within one year
(13,177)
(25,078)
Net current assets
5,765
69,725
Total assets less current liabilities
276,194
70,024
Creditors: amounts falling due after more than one year
(165,605)
(18,952)
Called up share capital
200
200
Profit and loss account
110,389
50,872
Shareholders' funds
110,589
51,072
For the year ending 31 March 2025 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 24 December 2025 and were signed on its behalf by
Paul Banton-Forbes
Director
Company Registration No. 08795376
PPS Connect Limited
Notes to the Accounts
for the year ended 31 March 2025
PPS Connect Limited is a private company, limited by shares, registered in England and Wales, registration number 08795376. The registered office is 7 Bell Yard, London, WC2A 2JR, 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.
These financial statements for the year ended 31 March 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
20% straight line
Motor vehicles
25% straight line
Computer equipment
25% straight line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
PPS Connect Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
1,187
32,322
399
33,908
At 31 March 2025
1,187
32,322
399
33,908
At 1 April 2024
1,187
32,322
100
33,609
Charge for the year
-
-
100
100
At 31 March 2025
1,187
32,322
200
33,709
At 31 March 2025
-
-
199
199
At 31 March 2024
-
-
299
299
Amounts falling due within one year
Accrued income and prepayments
1,029
-
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
6,636
6,276
Obligations under finance leases and hire purchase contracts
5,057
5,516
Taxes and social security
(14)
8,743
PPS Connect Limited
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
5,057
Loans from directors
161,248
-
Aggregate of amounts that fall due for payment after five years
115,605
-
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).