Company Registration No. 02456410 (England and Wales)
Professional Fund Maintenance Ltd
Unaudited accounts
for the year ended 31 March 2023
Professional Fund Maintenance Ltd
Unaudited accounts
Contents
Professional Fund Maintenance Ltd
Company Information
for the year ended 31 March 2023
Director
Colin Frederick Eyre
Secretary
Jacqueline Anne Eyre
Company Number
02456410 (England and Wales)
Registered Office
18 HIGHFIELD LANE
DEWSBURY
WEST YORKSHIRE
WF13 4BQ
Professional Fund Maintenance Ltd
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
16,641
14,976
Creditors: amounts falling due within one year
(18,053)
(10,365)
Net current assets
3,322
5,958
Total assets less current liabilities
4,010
7,286
Provisions for liabilities
Called up share capital
1,000
1,000
Profit and loss account
2,879
6,034
Shareholders' funds
3,879
7,034
For the year ending 31 March 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 7 November 2023 and were signed on its behalf by
Colin Frederick Eyre
Director
Company Registration No. 02456410
Professional Fund Maintenance Ltd
Notes to the Accounts
for the year ended 31 March 2023
Professional Fund Maintenance Ltd is a private company, limited by shares, registered in England and Wales, registration number 02456410. The registered office is 18 HIGHFIELD LANE, DEWSBURY, WEST YORKSHIRE, WF13 4BQ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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:
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Professional Fund Maintenance Ltd
Notes to the Accounts
for the year ended 31 March 2023
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
15,258
9,267
24,525
At 31 March 2023
15,258
9,267
24,525
At 1 April 2022
14,366
8,831
23,197
Charge for the year
349
291
640
At 31 March 2023
14,715
9,122
23,837
At 31 March 2023
543
145
688
At 31 March 2022
892
436
1,328
Amounts falling due within one year
Accrued income and prepayments
734
597
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,061
2,008
Loans from directors
6,784
6,896
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
The company operates a defined pension contribution scheme in respect of it's director and staff. Contributions made in the year were £8,800 (2022 - £8,400).
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Average number of employees
During the year the average number of employees was 3 (2022: 3).