Company Registration No. 07251272 (England and Wales)
Porsche Neurophysiology Services Ltd.
Filleted accounts
for the year ended 5 April 2023
Porsche Neurophysiology Services Ltd.
Filleted accounts
Contents
Porsche Neurophysiology Services Ltd.
Company Information
for the year ended 5 April 2023
Company Number
07251272 (England and Wales)
Registered Office
59 Bushey Road
London
SW20 8TE
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
Porsche Neurophysiology Services Ltd.
Statement of financial position
as at 5 April 2023
Investments
198,736
130,914
Cash at bank and in hand
89,047
72,338
Creditors: amounts falling due within one year
(39,054)
(26,615)
Net current assets
49,993
45,723
Net assets
248,729
178,365
Called up share capital
100
100
Profit and loss account
248,629
178,265
Shareholders' funds
248,729
178,365
For the year ending 5 April 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 her 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 14 March 2024 and were signed on its behalf by
Jayashree Basu
Director
Company Registration No. 07251272
Porsche Neurophysiology Services Ltd.
Notes to the Accounts
for the year ended 5 April 2023
Porsche Neurophysiology Services Ltd. is a private company, limited by shares, registered in England and Wales, registration number 07251272. The registered office is 59 Bushey Road, London, SW20 8TE.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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:
Plant & machinery
25% straight line
Computer equipment
25% 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.
Investments in shares are included at fair value.
Porsche Neurophysiology Services Ltd.
Notes to the Accounts
for the year ended 5 April 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 6 April 2022
17,266
1,485
18,751
At 5 April 2023
17,266
1,485
18,751
At 6 April 2022
15,538
1,485
17,023
Charge for the year
1,728
-
1,728
At 5 April 2023
17,266
1,485
18,751
At 5 April 2022
1,728
-
1,728
5
Investments
Other investments
Valuation at 6 April 2022
130,914
Fair value adjustments
(22,178)
Valuation at 5 April 2023
198,736
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
29,294
10,080
Other creditors
7,880
14,655
Allotted, called up and fully paid:
94 A Ordinary shares of £1 each
94
94
3 B Ordinary shares of £1 each
3
3
3 C Ordinary shares of £1 each
3
3
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).