PRINCETON SOFTWARE SOLUTIONS LTD

PRINCETON SOFTWARE SOLUTIONS LTD - Company Information

2022-10-012023-09-302023-09-30false07418471PRINCETON SOFTWARE SOLUTIONS 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Registered Number
07418471
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2023

PRINCETON SOFTWARE SOLUTIONS LTD

Company Information
for the year from 1 October 2022 to 30 September 2023


Director	Anwar Hussain


Registered Address	Skn Business Centre
	1 Guildford Street
	Birmingham
	B19 2HN


Place of Business


Registered Number	07418471 (England and Wales)

PRINCETON SOFTWARE SOLUTIONS LTD

Balance Sheet as at
30 September 2023

	Notes	2023		2022
		£	£	£	£
Current assets
Cash at bank and on hand		30,087		94,365
		30,087		94,365
Creditors amounts falling due within one year	6	(95,221)		(20,152)
Net current assets (liabilities)			(65,134)		74,213
Total assets less current liabilities			(65,134)		74,213
Net assets			(65,134)		74,213
Capital and reserves
Called up share capital			100		100
Profit and loss account			(65,234)		74,113
Shareholders' funds			(65,134)		74,213

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 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 and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 10 October 2023, and are signed on its behalf by:

Anwar Hussain
Director
Registered Company No. 07418471

PRINCETON SOFTWARE SOLUTIONS LTD

Notes to the Financial Statements
for the year ended 30 September 2023

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

4.	Employee information


		2023		2022
	Average number of employees during the year	1		1

5.	Debtors within one year

6.	Creditors within one year

	2023	2022
	£	£
Trade creditors / trade payables	350	350
Taxation and social security	22,962	17,892
Other creditors	71,909	1,910
Total	95,221	20,152