2022-07-012023-06-302023-06-30false13473853PRODUCT MANAGEMENT SOLUTIONS 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PRODUCT MANAGEMENT SOLUTIONS LIMITED

Registered Number
13473853
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

PRODUCT MANAGEMENT SOLUTIONS LIMITED
Company Information
for the year from 1 July 2022 to 30 June 2023

Director

VIERU, Andrei Nicolae

Registered Address

Studio 4 224 Shoreditch High Street
London
E1 6PJ

Registered Number

13473853 (England and Wales)
PRODUCT MANAGEMENT SOLUTIONS LIMITED
Balance Sheet as at
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets31,4982,247
1,4982,247
Current assets
Debtors-3,900
Current asset investments441,50032,500
Cash at bank and on hand76215,976
42,26252,376
Creditors amounts falling due within one year5(24,553)(27,285)
Net current assets (liabilities)17,70925,091
Total assets less current liabilities19,20727,338
Net assets19,20727,338
Capital and reserves
Called up share capital11
Profit and loss account19,20627,337
Shareholders' funds19,20727,338
The financial statements were approved and authorised for issue by the Director on 15 February 2024, and are signed on its behalf by:
VIERU, Andrei Nicolae
Director
Registered Company No. 13473853
PRODUCT MANAGEMENT SOLUTIONS LIMITED
Notes to the Financial Statements
for the year ended 30 June 2023

1.Accounting policies
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.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment4
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. 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.
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 July 222,9962,996
At 30 June 232,9962,996
Depreciation and impairment
At 01 July 22749749
Charge for year749749
At 30 June 231,4981,498
Net book value
At 30 June 231,4981,498
At 30 June 222,2472,247
4.Current asset investments
5.Creditors: amounts due within one year

2023

2022

££
Taxation and social security23,63223,118
Other creditors5412,787
Accrued liabilities and deferred income3801,380
Total24,55327,285