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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
Page
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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
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Professional Fund Maintenance Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
688 
1,328 
Current assets
Debtors
4,734 
1,347 
Cash at bank and in hand
16,641 
14,976 
21,375 
16,323 
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
Deferred tax
(131)
(252)
Net assets
3,879 
7,034 
Capital and reserves
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
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Professional Fund Maintenance Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
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 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 taxation
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.
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Professional Fund Maintenance Ltd Notes to the Accounts for the year ended 31 March 2023
4
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 
Depreciation
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 
Net book value
At 31 March 2023
543 
145 
688 
At 31 March 2022
892 
436 
1,328 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,000 
750 
Accrued income and prepayments
734 
597 
4,734 
1,347 
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 
Accruals
10,208 
1,461 
18,053 
10,365 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
8
Pension commitments
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).
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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