PROFIT ACCOUNTING SERVICES LTD

Company Registration Number:
10622530 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2022

Period of accounts

Start date: 01 March 2021

End date: 28 February 2022

PROFIT ACCOUNTING SERVICES LTD

Contents of the Financial Statements

for the Period Ended 28 February 2022

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 11

PROFIT ACCOUNTING SERVICES LTD

Company Information

for the Period Ended 28 February 2022




Director: Stela Ivanova
Registered office: 124
City Road
London
England
EC1V 2NX
Company Registration Number: 10622530 (England and Wales)

PROFIT ACCOUNTING SERVICES LTD

Profit and Loss Account

for the Period Ended 28 February 2022


Notes

2022
£

2021
£
Turnover 39,484 41,185
Gross Profit or (Loss) 41,038 44,486
Income from coronavirus (COVID-19) business support grants 1,554 3,301
Administrative Expenses ( 32,522 ) ( 32,625 )
Operating Profit or (Loss) 8,516 11,861
Interest Receivable and Similar Income - 3
Profit or (Loss) Before Tax 8,516 11,864
Tax on Profit ( 1,618 ) ( 2,254 )
Profit or (Loss) for Period 6,898 9,610

The notes form part of these financial statements

PROFIT ACCOUNTING SERVICES LTD

Balance sheet

As at 28 February 2022


Notes

2022
£

2021
£
Fixed assets
Total fixed assets: - -
Current assets
Cash at bank and in hand: 28,291 34,266
Total current assets: 28,291 34,266
Net current assets (liabilities): 28,291 34,266
Total assets less current liabilities: 28,291 34,266
Creditors: amounts falling due after more than one year: 5 ( 3,502 ) ( 10,954 )
Total net assets (liabilities): 24,789 23,312

The notes form part of these financial statements

PROFIT ACCOUNTING SERVICES LTD

Balance sheet continued

As at 28 February 2022


Notes

2022
£

2021
£
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 24,779 23,302
Shareholders funds: 24,789 23,312

For the year ending 28 February 2022 the company was entitled to exemption 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.

This report was approved by the board of directors on 5 September 2022
And Signed On Behalf Of The Board By:

Name: Stela Ivanova
Status: Director

The notes form part of these financial statements

PROFIT ACCOUNTING SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PROFIT ACCOUNTING SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2022

  • 2. Employees


    2022

    2021
    Average number of employees during the period 2 2

PROFIT ACCOUNTING SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2022

  • 3. Off balance sheet disclosure

    No

PROFIT ACCOUNTING SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2022

4. Dividends


2022
£

2021
£
Dividends paid 5,421 0

PROFIT ACCOUNTING SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2022

5.Creditors: amounts falling due after more than one year


2022
£

2021
£
Other creditors 3,502 10,954
Total 3,502 10,954