P1 SOLUTIONS LTD

P1 SOLUTIONS LTD

P1 SOLUTIONS LTD - Company Information

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P1 SOLUTIONS LTD

Company Registration Number:
SC062396 (Scotland)

Unaudited abridged accounts for the year ended 30 September 2020

Period of accounts

Start date: 01 October 2019

End date: 30 September 2020

P1 SOLUTIONS LTD

Contents of the Financial Statements

for the Period Ended 30 September 2020

Balance sheet
Notes

P1 SOLUTIONS LTD

Balance sheet

As at 30 September 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 926,699 927,546
Total fixed assets: 926,699 927,546
Current assets
Stocks: 237,104 421,908
Debtors:   1,044,415 1,615,164
Cash at bank and in hand: 1,171,885 998,522
Total current assets: 2,453,404 3,035,594
Creditors: amounts falling due within one year:   (1,864,043) (2,493,501)
Net current assets (liabilities): 589,361 542,093
Total assets less current liabilities: 1,516,060 1,469,639
Provision for liabilities: (62,067) (75,508)
Total net assets (liabilities): 1,453,993 1,394,131
Capital and reserves
Called up share capital: 1,000 1,000
Revaluation reserve:4274,522274,522
Profit and loss account: 1,178,471 1,118,609
Shareholders funds: 1,453,993 1,394,131

The notes form part of these financial statements

P1 SOLUTIONS LTD

Balance sheet statements

For the year ending 30 September 2020 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 January 2021
and signed on behalf of the board by:

Name: John Gillan
Status: Director

The notes form part of these financial statements

P1 SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

P1 SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2020

2. Employees

2020 2019
Average number of employees during the period 35 40

P1 SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2020

3. Tangible Assets

Total
Cost £
At 01 October 2019 1,417,123
Additions 63,750
Disposals (49,900)
At 30 September 2020 1,430,973
Depreciation
At 01 October 2019 489,577
Charge for year 53,782
On disposals (39,085)
At 30 September 2020 504,274
Net book value
At 30 September 2020 926,699
At 30 September 2019 927,546

P1 SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2020

4. Revaluation reserve

2020
£
Balance at 01 October 2019 274,522
Surplus or deficit after revaluation 0
Balance at 30 September 2020 274,522