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REGISTERED NUMBER: 09764987 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

PROFESSIONAL COMMUNICATIONS SOLUTIONS
LTD

PROFESSIONAL COMMUNICATIONS SOLUTIONS
LTD (REGISTERED NUMBER: 09764987)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


PROFESSIONAL COMMUNICATIONS SOLUTIONS
LTD (REGISTERED NUMBER: 09764987)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 157,051 68,325

CURRENT ASSETS
Stocks - 30,460
Debtors 5 313,842 69,852
Cash at bank and in hand 90,956 29,476
404,798 129,788
CREDITORS
Amounts falling due within one year 6 153,473 63,028
NET CURRENT ASSETS 251,325 66,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

408,376

135,085

CREDITORS
Amounts falling due after more than one
year

7

(80,401

)

(22,154

)

PROVISIONS FOR LIABILITIES (39,263 ) (12,982 )
NET ASSETS 288,712 99,949

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 288,710 99,947
SHAREHOLDERS' FUNDS 288,712 99,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PROFESSIONAL COMMUNICATIONS SOLUTIONS
LTD (REGISTERED NUMBER: 09764987)

BALANCE SHEET - continued
30 SEPTEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by:




Mr D Greenwood - Director



Miss M Clark - Director


PROFESSIONAL COMMUNICATIONS SOLUTIONS
LTD (REGISTERED NUMBER: 09764987)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Professional Communications Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09764987

Registered office: 33 Burnt House Road
Whittlesey
Peterborough
Cambridgeshire
PE7 2DP

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the invoiced value of goods and services supplied, stated net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & equipment - 20% on reducing balance
Office & computer equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


PROFESSIONAL COMMUNICATIONS SOLUTIONS
LTD (REGISTERED NUMBER: 09764987)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Office &
Plant & computer Motor
equipment equipment vehicles Totals
£    £    £    £   
COST
At 1 October 2022 24,777 3,446 81,296 109,519
Additions 4,761 2,434 148,174 155,369
Disposals - (180 ) (65,796 ) (65,976 )
At 30 September 2023 29,538 5,700 163,674 198,912
DEPRECIATION
At 1 October 2022 15,881 1,176 24,137 41,194
Charge for year 2,097 459 26,909 29,465
Eliminated on disposal - (31 ) (28,767 ) (28,798 )
At 30 September 2023 17,978 1,604 22,279 41,861
NET BOOK VALUE
At 30 September 2023 11,560 4,096 141,395 157,051
At 30 September 2022 8,896 2,270 57,159 68,325

PROFESSIONAL COMMUNICATIONS SOLUTIONS
LTD (REGISTERED NUMBER: 09764987)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2022 45,990
Additions 148,174
Disposals (30,490 )
At 30 September 2023 163,674
DEPRECIATION
At 1 October 2022 8,233
Charge for year 22,621
Eliminated on disposal (8,575 )
At 30 September 2023 22,279
NET BOOK VALUE
At 30 September 2023 141,395
At 30 September 2022 37,757

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 285,681 69,183
Other debtors 28,161 669
313,842 69,852

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 22,701 8,062
Trade creditors 20,303 22,001
Taxation and social security 103,950 26,842
Other creditors 6,519 6,123
153,473 63,028

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 80,401 22,154

PROFESSIONAL COMMUNICATIONS SOLUTIONS
LTD (REGISTERED NUMBER: 09764987)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


8. TRANSACTIONS WITH DIRECTORS

Included in other debtors is a loan to a director of £20,000 (2022 - Nil). This loan will be repaid within 9 months of the balance sheet date.

Included in other creditors is the directors current account with the company amounting to £5,120 (2022 - £2,827).

Dividends were paid to the directors in the year amounting to £85,540 (2022 - £60,000).