Company Registration No. 10480199 (England and Wales)
Private Business Solutions investment Limited
Unaudited accounts
for the year ended 30 November 2021
Private Business Solutions investment Limited
Unaudited accounts
Contents
Private Business Solutions investment Limited
Statement of financial position
as at 30 November 2021
Investments
172,220
172,220
Cash at bank and in hand
189,901
203,810
Creditors: amounts falling due within one year
(24,200)
(29,867)
Net current assets
190,402
188,419
Net assets
363,372
360,726
Called up share capital
100
100
Share premium
399,984
399,984
Profit and loss account
(36,712)
(39,358)
Shareholders' funds
363,372
360,726
For the year ending 30 November 2021 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 21 December 2021 and were signed on its behalf by
Nan Sheng
Director
Company Registration No. 10480199
Private Business Solutions investment Limited
Notes to the Accounts
for the year ended 30 November 2021
Private Business Solutions investment Limited is a private company, limited by shares, registered in England and Wales, registration number 10480199. The registered office is Room Wh1.22 75, Whitechapel Road, London, E1 1DU.
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:
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2020
443
880
1,323
At 30 November 2021
443
2,004
2,447
At 1 December 2020
356
880
1,236
Charge for the year
87
374
461
At 30 November 2021
443
1,254
1,697
At 30 November 2021
-
750
750
At 30 November 2020
87
-
87
5
Investments
Subsidiary undertakings
Valuation at 1 December 2020
172,220
Valuation at 30 November 2021
172,220
Private Business Solutions investment Limited
Notes to the Accounts
for the year ended 30 November 2021
6
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
4,476
4,476
Other debtors
20,000
10,000
7
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
5,206
3,759
Other creditors
18,994
20,019
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Average number of employees
During the year the average number of employees was 12 (2020: 11).
