PRACTICAL PROPERTY SERVICES LIMITED - Accounts to registrar (filleted) - small 18.2

PRACTICAL PROPERTY SERVICES LIMITED - Accounts to registrar (filleted) - small 18.2

PRACTICAL PROPERTY SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 06004580 (England and Wales)



















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

PRACTICAL PROPERTY SERVICES LIMITED
PRACTICAL PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 06004580)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PRACTICAL PROPERTY SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2018







DIRECTOR: R Plant





SECRETARY: Mrs K Plant





REGISTERED OFFICE: 1 Andromeda House
Calleva Park
Aldermaston
Reading
Berkshire
RG7 8AP





REGISTERED NUMBER: 06004580 (England and Wales)





ACCOUNTANTS: Dove Marsh & Jones
1 Andromeda House
Calleva Park
Aldermaston
Reading
Berkshire
RG7 8AP
Page 1
PRACTICAL PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 06004580)

BALANCE SHEET
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,208 20,452

CURRENT ASSETS
Debtors 5 15,047 36,096
Cash at bank 14,059 12,982
29,106 49,078
CREDITORS
Amounts falling due within one
year
6
45,799
68,935
NET CURRENT LIABILITIES (16,693 ) (19,857 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
515
595

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 514 594
SHAREHOLDERS' FUNDS 515 595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 18 December 2018 and
were signed by:





R Plant - Director


The notes form part of these financial statements

Page 2
PRACTICAL PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 06004580)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

PRACTICAL PROPERTY SERVICES 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.

2. 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or
receivable, excluding discounts, rebates, value added tax and other sales
taxes.

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 etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised
in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 5 ) .

Page 3 continued...
PRACTICAL PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 06004580)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017
and 31 March 2018 25,294
DEPRECIATION
At 1 April 2017 4,842
Charge for year 3,244
At 31 March 2018 8,086
NET BOOK VALUE
At 31 March 2018 17,208
At 31 March 2017 20,452

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 12,264 36,096
VAT 2,783 -
15,047 36,096

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade creditors 1,050 18,682
Social security and other
taxes
3,397
2,469
VAT - 2,088
Other creditors 24,414 45,696
Directors' current accounts 16,938 -
45,799 68,935

Page 4