PEACE PAYROLL LIMITED

Company Registration Number:
11766276 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

PEACE PAYROLL LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2023

Balance sheet
Notes

PEACE PAYROLL LIMITED

Balance sheet

As at 31 January 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets:   0 0
Investments: 3 64,601 64,601
Total fixed assets: 64,601 64,601
Current assets
Debtors: 4 16,298 20,466
Cash at bank and in hand: 41,208 4,177
Total current assets: 57,506 24,643
Creditors: amounts falling due within one year: 5 (29,466) (27,350)
Net current assets (liabilities): 28,040 (2,707)
Total assets less current liabilities: 92,641 61,894
Creditors: amounts falling due after more than one year: 6 (34,339) (43,735)
Total net assets (liabilities): 58,302 18,159
Capital and reserves
Called up share capital: 100 1
Profit and loss account: 58,202 18,158
Shareholders funds: 58,302 18,159

The notes form part of these financial statements

PEACE PAYROLL LIMITED

Balance sheet statements

For the year ending 31 January 2023 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 October 2023
and signed on behalf of the board by:

Name: Peter DOVON
Status: Director

The notes form part of these financial statements

PEACE PAYROLL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

1. Accounting policies

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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.

PEACE PAYROLL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

PEACE PAYROLL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Fixed investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

PEACE PAYROLL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 16,298 20,466

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

PEACE PAYROLL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Creditors: amounts falling due within one year note

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

PEACE PAYROLL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

6. Creditors: amounts falling due after more than one year note

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.