Registered number
08593050
Its Your PA Limited
Filleted Accounts
31 July 2022
Its Your PA Limited
Registered number: 08593050
Balance Sheet
as at 31 July 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 513 627
Current assets
Debtors 4 787 266
Cash at bank and in hand 2,024 1,024
2,811 1,290
Creditors: amounts falling due within one year 5 (2,967) (2,157)
Net current liabilities (156) (867)
Net assets/(liabilities) 357 (240)
Capital and reserves
Called up share capital 100 100
Profit and loss account 257 (340)
Shareholders' funds 357 (240)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs T Walker
Director
Approved by the board on 15 August 2022
Its Your PA Limited
Notes to the Accounts
for the year ended 31 July 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office Equipment 25% reducing balance
Fixtures & Fittings 15% reducing balance
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2021 3,419
At 31 July 2022 3,419
Depreciation
At 31 July 2022 2,906
Net book value
At 31 July 2022 513
At 31 July 2021 627
4 Debtors 2022 2021
£ £
Trade debtors 699 183
Other debtors 88 83
787 266
5 Creditors: amounts falling due within one year 2022 2021
£ £
Corporation tax 2,607 1,797
Other creditors 360 360
2,967 2,157
6 Other information
Its Your PA Limited is a private company limited by shares and incorporated in England. Its registered office is:
14 Heath Hill Road
Halifax
HX2 0UT
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