Complete Payroll Solutions Limited Filleted accounts for Companies House (small and micro)

COMPLETE PAYROLL SOLUTIONS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 4699383

Complete Payroll Solutions Limited

Filleted Unaudited Financial Statements

30 June 2018

Complete Payroll Solutions Limited

Financial Statements

Year ended 30 June 2018

Contents	Page

Officers and professional advisers	1

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	4

Complete Payroll Solutions Limited

Officers and Professional Advisers

The board of directors	Mr H J Glasstone
	Mr G M Burnham

Company secretary	Mr G M Burnham

Registered office	727-729 High Road
	London
	N12 0BP

Accountants	Complete Accounting Solutions
	Chartered Certified Accountants
	727-729 High Road
	London
	N12 0BP

Complete Payroll Solutions Limited

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Complete Payroll Solutions Limited

Year ended 30 June 2018

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 June 2018, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Complete Accounting Solutions Chartered Certified Accountants

727-729 High Road London N12 0BP

Complete Payroll Solutions Limited

Statement of Financial Position

30 June 2018

	2018		2017
Note	£	£	£

Current assets

Debtors	5	56,561	43,606
Cash at bank and in hand		9,735	14,916
		--------	--------
		66,296	58,522

Creditors: amounts falling due within one year	6	62,664		57,936
		--------		--------
Net current assets			3,632	586
			-------	----
Total assets less current liabilities			3,632	586
			-------	----

Capital and reserves

Called up share capital	20	20
Profit and loss account	3,612	566
	-------	----
Shareholders funds	3,632	586
	-------	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 29 March 2019 , and are signed on behalf of the board by:

Mr H J Glasstone

Director

Company registration number: 4699383

Complete Payroll Solutions Limited

Notes to the Financial Statements

Year ended 30 June 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and Machinery	-	33% straight line

4. Tangible assets

	Plant and machinery	Total
	£	£
Cost
At 1 July 2017 and 30 June 2018	665	665
	----	----
Depreciation
At 1 July 2017 and 30 June 2018	665	665
	----	----
Carrying amount
At 30 June 2018	–	–
	----	----
At 30 June 2017	–	–
	----	----

5. Debtors

	2018	2017
	£	£
Trade debtors	21,303	18,291
Other debtors	35,258	25,315
	--------	--------
	56,561	43,606
	--------	--------

6. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	–	320
Corporation tax	8,464	5,180
Other creditors	54,200	52,436
	--------	--------
	62,664	57,936
	--------	--------