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Registered Number: 08280813
England and Wales

 

 

 

PRIORITY INTELLIGENCE ADVISORY LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 January 2021

End date: 31 December 2021
  2021   2020
    £ £   £ £
Fixed assets       165,596 
Current assets 124,502      444,536   
Prepayments and accrued income     266,902   
Creditors: amount falling due within one year (122,387)     (618,868)  
Net current assets   2,115      92,570 
Total assets less current liabilities   2,115      258,166 
Net assets   2,115      258,166 
 

         
Capital and reserves   2,115      258,166 
 
NOTES TO THE ACCOUNTS

General Information
PRIORITY INTELLIGENCE ADVISORY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08280813, registration address 16 Whitehall, Flat 2, London, SW1A 2DY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Licences and patents
Licences and patents are stated at cost less amortisation. Amortisation of licences is calculated on a straight line basis over the life of the licence. Amortisation of patents is calculated on a straight line basis over the estimated expected useful economic life of the patents of 10 years.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Directors' Emoluments

     

3.

Staff Costs

2021   2020
 
Average number of employees during the year Number   Number
Administration 1    1 
 

4.

Average number of employees

No.. of employees curret year 0
No. of employees previous year 0.
Average number of employees during the year was 0 (2020 : 0).


For the year ended 31 December 2021 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 accounts for the year in question in accordance with section 476.

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.

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the financial reporting standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 05 September 2022 and were signed on its behalf by:


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Irene Maggiore
Director
1