Company Registration No. 12685100 (England and Wales)
UK PSF LIMITED
Unaudited accounts
for the year ended 31 March 2022
UK PSF LIMITED
Unaudited accounts
Contents
UK PSF LIMITED
Company Information
for the year ended 31 March 2022
Directors
Mr J H Price
Mr H L Price
Company Number
12685100 (England and Wales)
Registered Office
The Pool Innovation Centre
Trevenson Road
Redruth
Cornwall
TR15 3PL
UK PSF LIMITED
Statement of financial position
as at 31 March 2022
Cash at bank and in hand
1,346
102
Net current assets
1,346
102
Total assets less current liabilities
1,346
102
Creditors: amounts falling due after more than one year
(21,690)
-
Net (liabilities)/assets
(20,344)
102
Called up share capital
80
102
Profit and loss account
(20,424)
-
Shareholders' funds
(20,344)
102
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 29 April 2022 and were signed on its behalf by
Mr J H Price
Director
Company Registration No. 12685100
UK PSF LIMITED
Notes to the Accounts
for the year ended 31 March 2022
UK PSF LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12685100. The registered office is The Pool Innovation Centre, Trevenson Road, Redruth, Cornwall, TR15 3PL.
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.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Creditors: amounts falling due after more than one year
2022
2021
Taxes and social security
155
-
UK PSF LIMITED
Notes to the Accounts
for the year ended 31 March 2022
Allotted, called up and fully paid:
80 Ordinary shares of £1 each
80
102
6
Transactions with related parties
At the year end, the company owed £21,480 (2021 - nil) to UK Football Trials Limited
Mr J H Price and Mr H L Price are directors and shareholders of UK Football Trials Limited
7
Average number of employees
During the year the average number of employees was 1 (2021: 0).