Protect and Prepare Limited |
Registered number: |
10369497 |
Balance Sheet |
as at 31 March 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Tangible assets |
4 |
|
|
5,771 |
|
|
7,343 |
|
Current assets |
Debtors |
5 |
|
40,817 |
|
|
70,761 |
Cash at bank and in hand |
|
|
119,046 |
|
|
137,872 |
|
|
|
159,863 |
|
|
208,633 |
|
Creditors: amounts falling due within one year |
6 |
|
(30,079) |
|
|
(57,518) |
|
Net current assets |
|
|
|
129,784 |
|
|
151,115 |
|
Total assets less current liabilities |
|
|
|
135,555 |
|
|
158,458 |
|
|
Provisions for liabilities |
|
|
|
(1,181) |
|
|
(1,395) |
|
|
Net assets |
|
|
|
134,374 |
|
|
157,063 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
99 |
|
|
99 |
Profit and loss account |
|
|
|
134,275 |
|
|
156,964 |
|
Shareholders' funds |
|
|
|
134,374 |
|
|
157,063 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The 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. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
A Cutbill |
Director |
Approved by the board on 18 December 2023 |
|
Protect and Prepare Limited |
Notes to the Accounts |
for the year ended 31 March 2023 |
|
|
1 |
Summary of significant accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) and the Companies Act 2006 (as applicable to companies subject to the small company regime). The significant accounting policies applied in the preparation of these statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, including expenses, net of discounts and value added taxes and represents amounts recoverable from clients for consultancy services and associated expenses provided during the year. Turnover is recognised when the amount can be reliably measured and it is probable that future economic benefits will flow. Recognition of turnover is in the period in which the services are rendered by reference to the stage of completion, which is assessed on the actual services provided as a proportion of the total value of services to be provided. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
25 % straight line |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. Deferred tax is measured using the 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. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Leased assets |
|
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. |
|
|
Employee benefits |
|
When employees have rendered service tot he company, short term employer benefits to which the employees are entitled are recognised at the undiscounted amount to be paid in exchange for that service. |
|
|
Government Grants |
|
Revenue grants are accounted using the accrual method and are recognised in income on a systematic basis over the period in which the related costs for which the grant is intended to compensate. Grants that become receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support, with no future related costs, are recognised in income in the period in which it becomes receivable. |
|
3 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
5 |
|
5 |
|
|
|
|
|
|
|
|
|
|
4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery |
£ |
|
Cost |
|
At 1 April 2022 |
14,421 |
|
Additions |
2,028 |
|
Disposals |
(1,799) |
|
At 31 March 2023 |
14,650 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2022 |
7,078 |
|
Charge for the year |
2,701 |
|
On disposals |
(900) |
|
At 31 March 2023 |
8,879 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2023 |
5,771 |
|
At 31 March 2022 |
7,343 |
|
|
5 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Trade debtors |
27,061 |
|
61,830 |
|
Other debtors |
13,756 |
|
8,931 |
|
|
|
|
|
|
40,817 |
|
70,761 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loans and overdrafts |
- |
|
5 |
|
Trade creditors |
109 |
|
98 |
|
Taxation and social security costs |
16,633 |
|
38,560 |
|
Other creditors |
13,337 |
|
18,855 |
|
|
|
|
|
|
30,079 |
|
57,518 |
|
|
|
|
|
|
|
|
|
|
7 |
Share capital |
Nominal |
|
2022 |
|
2023 |
|
2022 |
value |
Number |
£ |
£ |
|
Allotted, issued and fully paid |
|
Ordinary A shares |
£1 each |
|
33 |
|
33 |
|
33 |
|
Ordinary B shares |
£1 each |
|
33 |
|
33 |
|
33 |
|
Ordinary C shares |
£1 each |
|
33 |
|
33 |
|
33 |
|
|
|
|
|
|
99 |
|
99 |
|
|
|
|
|
|
|
|
|
|
8 |
Related party transactions |
|
|
During the year the directors have lent various amounts to the company. No interest was due for the year. The loan amount due at the year end to the directors and included in other creditors is £9,067 (2022- £8,131). |
|
|
9 |
Other information |
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|
Protect and Prepare Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
The History Room at Farnham Pottery |
|
Pottery Lane |
|
Wrecclesham, Farnham |
|
Surrey |
|
GU10 4QJ |