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REGISTERED NUMBER: 08811568 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 December 2022

for

Plus Payroll Services Limited

Plus Payroll Services Limited (Registered number: 08811568)






Contents of the Financial Statements
for the Year Ended 30 December 2022




Page

Company Information 1

Balance Sheet 1

Notes to the Financial Statements 2


Plus Payroll Services Limited (Registered number: 08811568)

Balance Sheet
30 December 2022

30.12.22 30.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 96,587 83,043

CURRENT ASSETS
Debtors 5 162,531 36,625
Cash at bank 35,403 39,147
197,934 75,772
CREDITORS
Amounts falling due within one year 6 270,256 140,422
NET CURRENT LIABILITIES (72,322 ) (64,650 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,265

18,393

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 24,165 18,293
SHAREHOLDERS' FUNDS 24,265 18,393

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 June 2023 and were signed by:





D Smith - Director


Plus Payroll Services Limited (Registered number: 08811568)

Notes to the Financial Statements
for the Year Ended 30 December 2022

1. STATUTORY INFORMATION

Plus Payroll Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortization and any accumulated impairment losses.

Computer software - 15% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 224 (2021 - 156 ) .

Plus Payroll Services Limited (Registered number: 08811568)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2022

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 31 December 2021 162,210
Additions 26,000
At 30 December 2022 188,210
AMORTISATION
At 31 December 2021 79,167
Charge for year 12,456
At 30 December 2022 91,623
NET BOOK VALUE
At 30 December 2022 96,587
At 30 December 2021 83,043

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.22 30.12.21
£    £   
Trade debtors (794 ) (41,765 )
Amounts owed by associates 154,970 52,000
Other debtors 8,355 26,390
162,531 36,625

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.22 30.12.21
£    £   
Trade creditors 3,988 3,601
Taxation and social security 250,159 123,967
Other creditors 16,109 12,854
270,256 140,422

7. PENSION COMMITMENTS

The company operates a defined contribution pension scheme for all employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £2,631 (2021 : £2447) were due to the fund. They are included in other creditors.

8. RELATED PARTY DISCLOSURES

At the year end the company is owed £154,970 (2021: £52,000 owed to) by a business controlled by the director. The loan is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Smith.