Company Registration No. 4636668 (England and Wales)
P & P Community Services Ltd
Unaudited accounts
for the year ended 31 January 2022
P & P Community Services Ltd
Unaudited accounts
Contents
P & P Community Services Ltd
Company Information
for the year ended 31 January 2022
Director
Mrs Mulenga Chanda
Company Number
4636668 (England and Wales)
Registered Office
9 North Drift Way
Luton
Beds
LU1 5JF
United Kingdom
Accountants
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
P & P Community Services Ltd
Accountants' report
Accountants' report to the director of P & P Community Services Ltd on the preparation of the unaudited statutory accounts for the year ended 31 January 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
P & P Community Services Ltd for the year ended
31 January 2022 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of P & P Community Services Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of P & P Community Services Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P & P Community Services Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that P & P Community Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of P & P Community Services Ltd. You consider that P & P Community Services Ltd 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 accounts of P & P Community Services Ltd. 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 accounts.
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
31 October 2022
P & P Community Services Ltd
Statement of financial position
as at
31 January 2022
Tangible assets
97,483
117,343
Cash at bank and in hand
11,263
5,624
Creditors: amounts falling due within one year
(18,515)
(10,498)
Net current assets
242,293
229,839
Total assets less current liabilities
339,776
347,182
Creditors: amounts falling due after more than one year
(252,623)
(271,924)
Called up share capital
101
101
Profit and loss account
87,052
75,157
Shareholders' funds
87,153
75,258
For the year ending 31 January 2022 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 her 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 31 October 2022 and were signed on its behalf by
Mrs Mulenga Chanda
Director
Company Registration No. 4636668
P & P Community Services Ltd
Notes to the Accounts
for the year ended 31 January 2022
P & P Community Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 4636668. The registered office is 9 North Drift Way, Luton, Beds, LU1 5JF, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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
25% reducing balance
Motor vehicles
25% straight line
Fixtures & fittings
25% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
P & P Community Services Ltd
Notes to the Accounts
for the year ended 31 January 2022
The director is assessing, on a daily basis, the impact of the significant uncertainty arising. Whilst the director appreciates there is a significant uncertainty surrounding the future economic climate, the company is well placed to address these impacts. The director is satisfied that the company will be able to satisfy its financial obligations for at least 12 months from the date of signature of the financial statements, which have been prepared on the going concern basis.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2021
70,789
3,797
63,399
115,157
253,142
At 31 January 2022
70,789
3,797
63,399
115,157
253,142
At 1 February 2021
-
2,700
31,700
101,399
135,799
Charge for the year
-
253
15,850
3,757
19,860
At 31 January 2022
-
2,953
47,550
105,156
155,659
At 31 January 2022
70,789
844
15,849
10,001
97,483
At 31 January 2021
70,789
1,097
31,699
13,758
117,343
Amounts falling due within one year
Accrued income and prepayments
210,657
203,684
Other debtors
38,888
31,029
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
16,149
14,884
Other creditors
2,266
2,266
Loans from directors
-
(6,752)
7
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
252,623
271,924
8
Average number of employees
During the year the average number of employees was 19 (2021: 19).