PROFIT ACCOUNTING SERVICES LTD

Company Registration Number:
10622530 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

PROFIT ACCOUNTING SERVICES LTD

Contents of the Financial Statements

for the Period Ended 29 February 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

PROFIT ACCOUNTING SERVICES LTD

Company Information

for the Period Ended 29 February 2024




Director: Ivaylo Ivanov
Registered office: 124
City Road
London
England
EC1V 2NX
Company Registration Number: 10622530 (England and Wales)

PROFIT ACCOUNTING SERVICES LTD

Directors' Report Period Ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Directors

The directors shown below have held office during the whole of the period from 01 March 2023 to 29 February 2024
Ivaylo Ivanov

This report was approved by the board of directors on 8 April 2024
And Signed On Behalf Of The Board By:

Name: Ivaylo Ivanov
Status: Director

PROFIT ACCOUNTING SERVICES LTD

Profit and Loss Account

for the Period Ended 29 February 2024


Notes

2024
£

2023
£
Turnover 38,109 34,611
Gross Profit or (Loss) 38,109 34,611
Administrative Expenses ( 27,601 ) ( 29,016 )
Operating Profit or (Loss) 10,508 5,595
Profit or (Loss) Before Tax 10,508 5,595
Tax on Profit ( 1,997 ) ( 1,063 )
Profit or (Loss) for Period 8,511 4,532

The notes form part of these financial statements

PROFIT ACCOUNTING SERVICES LTD

Balance sheet

As at 29 February 2024


Notes

2024
£

2023
£
Fixed assets
Total fixed assets: - -
Current assets
Debtors: 4 6,741 12,941
Cash at bank and in hand: 18,235 10,069
Total current assets: 24,976 23,010
Creditors: amounts falling due within one year: 5 ( 1,842 ) ( 910 )
Net current assets (liabilities): 23,134 22,100
Total assets less current liabilities: 23,134 22,100
Total net assets (liabilities): 23,134 22,100

The notes form part of these financial statements

PROFIT ACCOUNTING SERVICES LTD

Balance sheet continued

As at 29 February 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 23,124 22,090
Shareholders funds: 23,134 22,100

For the year ending 29 February 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 8 April 2024
And Signed On Behalf Of The Board By:

Name: Ivaylo Ivanov
Status: Director

The notes form part of these financial statements

PROFIT ACCOUNTING SERVICES LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PROFIT ACCOUNTING SERVICES LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

PROFIT ACCOUNTING SERVICES LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 3. Off balance sheet disclosure

    No

PROFIT ACCOUNTING SERVICES LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Debtors


2024
£

2023
£
Other debtors 6,741 12,941
Total 6,741 12,941

PROFIT ACCOUNTING SERVICES LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

5.Creditors: amounts falling due within one year note


2024
£

2023
£
Taxation and social security 1,842 910
Total 1,842 910