1 August 2022 false Taxfiler 2024.1 11454684business:PrivateLimitedCompanyLtd2022-08-012023-07-31 114546842022-07-31 114546842022-08-012023-07-31 11454684business:AuditExemptWithAccountantsReport2022-08-012023-07-31 11454684business:AbridgedAccounts2022-08-012023-07-31 114546842023-07-31 11454684business:Director12022-08-012023-07-31 11454684business:RegisteredOffice2022-08-012023-07-31 114546842022-07-31 11454684core:WithinOneYear2023-07-31 11454684core:WithinOneYear2022-07-31 11454684core:AfterOneYear2023-07-31 11454684core:AfterOneYear2022-07-31 11454684core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 11454684core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 11454684core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 11454684core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 11454684core:PreviouslyStatedAmount2023-07-31 11454684core:PreviouslyStatedAmount2022-07-31 11454684business:SmallEntities2022-08-012023-07-31 11454684countries:EnglandWales2022-08-012023-07-31 11454684core:PlantMachinery2022-08-012023-07-31 114546842021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. 11454684 (England and Wales)
Propertysolutions247 Ltd Unaudited accounts for the year ended 31 July 2023
Propertysolutions247 Ltd Unaudited accounts Contents
Page
- 2 -
Propertysolutions247 Ltd Company Information for the year ended 31 July 2023
Director
Mr Nicholas David Russell
Company Number
11454684 (England and Wales)
Registered Office
46 Kingslea Park East Cowes Isle of Wight PO32 6JW England
Accountants
Caryn March Accountants Limited 7 St Edmunds Walk Wootton Bridge Ryde Isle of Wight PO33 4JB
- 3 -
Propertysolutions247 Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,315 
1,755 
Current assets
Debtors
4,097 
- 
Cash at bank and in hand
3,057 
4,741 
7,154 
4,741 
Creditors: amounts falling due within one year
(14,618)
(11,523)
Net current liabilities
(7,464)
(6,782)
Total assets less current liabilities
(6,149)
(5,027)
Creditors: amounts falling due after more than one year
(4,200)
(7,215)
Net liabilities
(10,349)
(12,242)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(10,350)
(12,243)
Shareholders' funds
(10,349)
(12,242)
For the year ending 31 July 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 23 April 2024 and were signed on its behalf by
Mr Nicholas David Russell Director Company Registration No. 11454684
- 4 -
Propertysolutions247 Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Propertysolutions247 Ltd is a private company, limited by shares, registered in England and Wales, registration number 11454684. The registered office is 46 Kingslea Park, East Cowes, Isle of Wight, PO32 6JW, England.
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 year, 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.
Turnover
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% reducing balance
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 August 2022
3,712 
At 31 July 2023
3,712 
Depreciation
At 1 August 2022
1,957 
Charge for the year
440 
At 31 July 2023
2,397 
Net book value
At 31 July 2023
1,315 
At 31 July 2022
1,755 
5
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 5 -