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Company Registration No. 07130045 (England and Wales)
Payroll Sorted Limited Unaudited accounts for the year ended 31 January 2023
Payroll Sorted Limited Unaudited accounts Contents
Page
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Payroll Sorted Limited Company Information for the year ended 31 January 2023
Director
Mr B Tyler
Company Number
07130045 (England and Wales)
Registered Office
Unit 34 Lubards Farm Hullbridge Road Rayleigh Essex SS6 9QG
Accountants
Platts Churchill House, Suite 112 120 Bunns Lane Mill Hill London NW7 2AS
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Payroll Sorted Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,104 
24,961 
Current assets
Debtors
12,134 
13,042 
Cash at bank and in hand
112,733 
118,918 
124,867 
131,960 
Creditors: amounts falling due within one year
(90,828)
(73,317)
Net current assets
34,039 
58,643 
Total assets less current liabilities
59,143 
83,604 
Creditors: amounts falling due after more than one year
(36,574)
(41,674)
Net assets
22,569 
41,930 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
22,568 
41,929 
Shareholders' funds
22,569 
41,930 
For the year ending 31 January 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 October 2023 and were signed on its behalf by
Mr B Tyler Director Company Registration No. 07130045
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Payroll Sorted Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Payroll Sorted Limited is a private company, limited by shares, registered in England and Wales, registration number 07130045. The registered office is Unit 34 Lubards Farm, Hullbridge Road, Rayleigh, Essex, SS6 9QG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
2,300 
62,931 
65,231 
Additions
- 
6,418 
6,418 
At 31 January 2023
2,300 
69,349 
71,649 
Depreciation
At 1 February 2022
1,546 
38,724 
40,270 
Charge for the year
151 
6,124 
6,275 
At 31 January 2023
1,697 
44,848 
46,545 
Net book value
At 31 January 2023
603 
24,501 
25,104 
At 31 January 2022
754 
24,207 
24,961 
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Payroll Sorted Limited Notes to the Accounts for the year ended 31 January 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,987 
3,842 
Accrued income and prepayments
397 
- 
Other debtors
4,750 
9,200 
12,134 
13,042 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,000 
5,000 
VAT
47,382 
34,418 
Trade creditors
400 
735 
Taxes and social security
28,086 
27,917 
Other creditors
9,960 
5,195 
Loans from directors
- 
52 
90,828 
73,317 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
36,574 
41,674 
8
Average number of employees
During the year the average number of employees was 29 (2022: 17).
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