Company Registration No. 08901017 (England and Wales)
Partnership Capital Advisors Limited
Unaudited accounts
for the year ended 31 March 2022
Partnership Capital Advisors Limited
Unaudited accounts
Contents
Partnership Capital Advisors Limited
Company Information
for the year ended 31 March 2022
Directors
Anubhav Vaish
Rupali Vaish
Company Number
08901017 (England and Wales)
Registered Office
804 Merlin Business Park
Ringtail Road
Burscough
Lancashire
L40 8JY
England
Partnership Capital Advisors Limited
Statement of financial position
as at 31 March 2022
Tangible assets
3,673
2,187
Cash at bank and in hand
848,439
548,147
Creditors: amounts falling due within one year
(252,664)
(124,121)
Net current assets
595,775
424,026
Net assets
599,448
426,213
Called up share capital
1
1
Profit and loss account
599,447
426,212
Shareholders' funds
599,448
426,213
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 30 March 2023 and were signed on its behalf by
Anubhav Vaish
Director
Company Registration No. 08901017
Partnership Capital Advisors Limited
Notes to the Accounts
for the year ended 31 March 2022
Partnership Capital Advisors Limited is a private company, limited by shares, registered in England and Wales, registration number 08901017. The registered office is 804 Merlin Business Park, Ringtail Road, Burscough, Lancashire, L40 8JY, England.
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.
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:
Computer equipment
25% straight line
4
Tangible fixed assets
Computer equipment
Partnership Capital Advisors Limited
Notes to the Accounts
for the year ended 31 March 2022
5
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
61,157
23,979
Other creditors
40,820
1,047
Loans from directors
95,148
95,989
6
Average number of employees
During the year the average number of employees was 2 (2021: 2).
