Complete Payroll Solutions Limited Filleted accounts for Companies House (small and micro)

Complete Payroll Solutions Limited Filleted accounts for Companies House (small and micro)

COMPLETE PAYROLL SOLUTIONS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 4699383
Complete Payroll Solutions Limited
Filleted Unaudited Financial Statements
30 June 2023
Complete Payroll Solutions Limited
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
Current assets
Debtors
5
21,481
39,362
Cash at bank and in hand
33,359
47,213
--------
--------
54,840
86,575
Creditors: amounts falling due within one year
6
6,269
44,551
--------
--------
Net current assets
48,571
42,024
--------
--------
Total assets less current liabilities
48,571
42,024
--------
--------
Capital and reserves
Called up share capital
20
20
Profit and loss account
48,551
42,004
--------
--------
Shareholders funds
48,571
42,024
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 March 2024 , and are signed on behalf of the board by:
Mr H J Glasstone
Director
Company registration number: 4699383
Complete Payroll Solutions Limited
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and Machinery
-
33% straight line
4. Tangible assets
Equipment
£
Cost
At 1 July 2022 and 30 June 2023
665
----
Depreciation
At 1 July 2022 and 30 June 2023
665
----
Carrying amount
At 30 June 2023
–
----
At 30 June 2022
–
----
5. Debtors
2023
2022
£
£
Trade debtors
1,020
3,368
Other debtors
20,461
35,994
--------
--------
21,481
39,362
--------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
6,269
7,940
Social security and other taxes
–
1,721
Other creditors
–
34,890
-------
--------
6,269
44,551
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--------