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 2022

Period of accounts

Start date: 01 October 2021

End date: 30 September 2022

P1 SOLUTIONS LTD

Contents of the Financial Statements

for the Period Ended 30 September 2022

Balance sheet
Notes

P1 SOLUTIONS LTD

Balance sheet

As at 30 September 2022


Notes
2022
2021


£
£
Fixed assets
Tangible assets: 3 982,462 962,112
Total fixed assets: 982,462 962,112
Current assets
Stocks: 172,504 175,351
Debtors: 4 493,790 1,018,650
Cash at bank and in hand: 1,644,918 1,120,208
Total current assets: 2,311,212 2,314,209
Creditors: amounts falling due within one year:   (1,727,593) (1,720,141)
Net current assets (liabilities): 583,619 594,068
Total assets less current liabilities: 1,566,081 1,556,180
Creditors: amounts falling due after more than one year:   (63,059) (51,896)
Provision for liabilities: (15,000) (15,000)
Total net assets (liabilities): 1,488,022 1,489,284
Capital and reserves
Called up share capital: 1,000 1,000
Revaluation reserve:5274,522274,522
Profit and loss account: 1,212,500 1,213,762
Shareholders funds: 1,488,022 1,489,284

The notes form part of these financial statements

P1 SOLUTIONS LTD

Balance sheet statements

For the year ending 30 September 2022 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 08 March 2023
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 2022

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 2022

2. Employees

2022 2021
Average number of employees during the period 23 21

P1 SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2022

3. Tangible Assets

Total
Cost £
At 01 October 2021 1,409,425
Additions 122,425
Disposals (60,742)
At 30 September 2022 1,471,108
Depreciation
At 01 October 2021 447,313
Charge for year 75,468
On disposals (34,135)
At 30 September 2022 488,646
Net book value
At 30 September 2022 982,462
At 30 September 2021 962,112

P1 SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2022

4. Debtors

2022 2021
££
Debtors due after more than one year: 0 0

P1 SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2022

5. Revaluation reserve

2022
£
Balance at 01 October 2021 274,522
Surplus or deficit after revaluation 0
Balance at 30 September 2022 274,522