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Company Registration No. 04505184 (England and Wales)
PTS SOLUTIONS LTD. Unaudited accounts for the period from 1 August 2022 to 31 January 2024
PTS SOLUTIONS LTD. Unaudited accounts Contents
Page
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PTS SOLUTIONS LTD. Company Information for the period from 1 August 2022 to 31 January 2024
Director
Waqar Hussain
Company Number
04505184 (England and Wales)
Registered Office
C/O MDP Accountancy Services LLP, First Floor, Office 1, 6A High Road, Wood Green London N22 6BX United Kingdom
Accountants
MDP Accountancy Services LLP 6A High Road London United Kingdom N22 6BX
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PTS SOLUTIONS LTD. Statement of financial position as at 31 January 2024
2024 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
4,321 
Investments
- 
2,500 
- 
6,821 
Current assets
Cash at bank and in hand
13,697 
78,905 
Creditors: amounts falling due within one year
(13,687)
(26,787)
Net current assets
10 
52,118 
Net assets
10 
58,939 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
- 
58,929 
Shareholders' funds
10 
58,939 
For the period ending 31 January 2024 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 8 February 2024 and were signed on its behalf by
Waqar Hussain Director Company Registration No. 04505184
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PTS SOLUTIONS LTD. Notes to the Accounts for the period from 1 August 2022 to 31 January 2024
1
Statutory information
PTS SOLUTIONS LTD. is a private company, limited by shares, registered in England and Wales, registration number 04505184. The registered office is C/O MDP Accountancy Services LLP, , First Floor, Office 1, 6A High Road, , Wood Green , London , N22 6BX , United Kingdom .
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 period, 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.
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:
Computer equipment
20% Straight Line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2022
7,201 
Additions
1,083 
At 31 January 2024
8,284 
Depreciation
At 1 August 2022
2,880 
Charge for the period
5,404 
At 31 January 2024
8,284 
Net book value
At 31 January 2024
- 
At 31 July 2022
4,321 
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PTS SOLUTIONS LTD. Notes to the Accounts for the period from 1 August 2022 to 31 January 2024
5
Investments
Other investments 
£ 
Valuation at 1 August 2022
2,500 
Fair value adjustments
(2,500)
Valuation at 31 January 2024
- 
6
Creditors: amounts falling due within one year
2024 
2022 
£ 
£ 
VAT
- 
6,257 
Taxes and social security
2,875 
46,320 
Loans from directors
10,812 
(30,000)
Accruals
- 
4,210 
13,687 
26,787 
7
Average number of employees
During the period the average number of employees was 2 (2022: 2).
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