Professional Database Solutions Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05147329 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

FOR

PROFESSIONAL DATABASE SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

6

DIRECTOR:

T M Gordon-Jones

SECRETARY:

Mrs A S Gordon-Jones

REGISTERED OFFICE:

Horsley

Southwood Road

Shalden

Alton

Hampshire

GU34 4EB

REGISTERED NUMBER:

05147329 (England and Wales)

ACCOUNTANTS:

Wettone Matthews Limited

Chartered Certified Accountants

Market House

21 Lenten Street

Alton

GU34 1HG

FIXED ASSETS

Tangible assets

4

165

223

CURRENT ASSETS

Debtors

5

10,908

40,992

Cash at bank

3,218

14,626

14,126

55,618

CREDITORS

Amounts falling due within one year

6

9,320

20,347

NET CURRENT ASSETS

4,806

35,271

TOTAL ASSETS LESS CURRENT LIABILITIES

4,971

35,494

CREDITORS

Amounts falling due after more than one year

7

9,729

31,816

NET (LIABILITIES)/ASSETS

(4,758

)

3,678

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

(4,759

)

3,677

SHAREHOLDERS' FUNDS

(4,758

)

3,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2023 and were signed by:

T M Gordon-Jones - Director

1.	STATUTORY INFORMATION

Professional Database Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, together with an adjustment to reflect amounts recoverable on contracts, where applicable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The financial statements have been drawn up on a going concern basis which assumes adequate finance will continue to be made available and accordingly do not take account of adjustments, if any, which may be necessary if the company is unable to continue as a concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 July 2021

and 30 June 2022

3,758

DEPRECIATION

At 1 July 2021

3,535

Charge for year

58

At 30 June 2022

3,593

NET BOOK VALUE

At 30 June 2022

165

At 30 June 2021

223

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

1,965

-

Directors' loan account

8,943

40,728

VAT

-

264

10,908

40,992

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

2,661

4,202

Tax

4,372

13,959

Social security and other taxes

17

17

Other creditors

65

69

Accruals and deferred income

2,205

2,100

9,320

20,347

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

1 year

9,729

31,816

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

1

Ordinary

£1

1

1

9.

RESERVES

Retained

earnings

£

At 1 July 2021

3,677

Deficit for the year

(8,436

)

At 30 June 2022

(4,759

)

10.	RELATED PARTY DISCLOSURES

During the year a related party repaid an advance of £32,495 (2021: £40,728 advanced). The balance owed to the company as at the year end totals £8,943 (2021: £40,728).

Interest was charged on the advance at the official rate where applicable.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Professional Database Solutions Limited for the year ended 30 June 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Professional Database Solutions Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Professional Database Solutions Limited and state those matters that we have agreed to state to the director of Professional Database Solutions Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Professional Database Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Professional Database Solutions Limited. You consider that Professional Database Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Professional Database Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wettone Matthews Limited

Chartered Certified Accountants

Market House

21 Lenten Street

Alton

GU34 1HG

27 March 2023