2022-04-012023-03-312023-03-31false09470992FAST PAYROLL UK 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FAST PAYROLL UK LIMITED

Registered Number
09470992
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

FAST PAYROLL UK LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Director

ELLIOTT, Kieran

Registered Address

167 - 169 Great Portland Street
London
W1W 5PF

Registered Number

09470992 (England and Wales)
FAST PAYROLL UK LIMITED
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets58341,250
8341,250
Current assets
Debtors71,641,170416,081
Cash at bank and on hand25,544805,699
1,666,7141,221,780
Creditors amounts falling due within one year8(2,637,334)(2,170,474)
Net current assets (liabilities)(970,620)(948,694)
Total assets less current liabilities(969,786)(947,444)
Net assets(969,786)(947,444)
Capital and reserves
Called up share capital100100
Profit and loss account(969,886)(947,544)
Shareholders' funds(969,786)(947,444)
The financial statements were approved and authorised for issue by the Director on 2 August 2023, and are signed on its behalf by:
ELLIOTT, Kieran
Director
Registered Company No. 09470992
FAST PAYROLL UK LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
Revenue recognition policy
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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year2346
5.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 April 221,6671,667
At 31 March 231,6671,667
Depreciation and impairment
At 01 April 22417417
Charge for year416416
At 31 March 23833833
Net book value
At 31 March 23834834
At 31 March 221,2501,250
6.Directors advances, credits and guarantees
During the year a loan account subsisted between the company and the directors. B/fwd £(300), Advances £0, Credits £0, C/fwd £(300). No interest is charged on the loan.
7.Debtors

2023

2022

££
Trade debtors / trade receivables1,641,170402,187
Other debtors-13,894
Total1,641,170416,081
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables2,581,9512,137,963
Taxation and social security26,9871,031
Other creditors28,39628,830
Accrued liabilities and deferred income-2,650
Total2,637,3342,170,474