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 2021

Period of accounts

Start date: 01 October 2020

End date: 30 September 2021

P1 SOLUTIONS LTD

Contents of the Financial Statements

for the Period Ended 30 September 2021

Balance sheet
Notes

P1 SOLUTIONS LTD

Balance sheet

As at 30 September 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 962,112 926,699
Total fixed assets: 962,112 926,699
Current assets
Stocks: 175,351 237,104
Debtors:   1,018,650 1,044,415
Cash at bank and in hand: 1,120,208 1,171,885
Total current assets: 2,314,209 2,453,404
Creditors: amounts falling due within one year:   (1,720,141) (1,870,193)
Net current assets (liabilities): 594,068 583,211
Total assets less current liabilities: 1,556,180 1,509,910
Creditors: amounts falling due after more than one year:   (66,896) (55,917)
Total net assets (liabilities): 1,489,284 1,453,993
Capital and reserves
Called up share capital: 1,000 1,000
Revaluation reserve:4274,522274,522
Profit and loss account: 1,213,762 1,178,471
Shareholders funds: 1,489,284 1,453,993

The notes form part of these financial statements

P1 SOLUTIONS LTD

Balance sheet statements

For the year ending 30 September 2021 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 01 March 2022
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 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

P1 SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2021

2. Employees

2021 2020
Average number of employees during the period 25 23

P1 SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2021

3. Tangible Assets

Total
Cost £
At 01 October 2020 1,430,973
Additions 109,680
Disposals (131,228)
At 30 September 2021 1,409,425
Depreciation
At 01 October 2020 504,274
Charge for year 66,375
On disposals (123,336)
At 30 September 2021 447,313
Net book value
At 30 September 2021 962,112
At 30 September 2020 926,699

P1 SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2021

4. Revaluation reserve

2021
£
Balance at 01 October 2020 274,522
Surplus or deficit after revaluation 0
Balance at 30 September 2021 274,522