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REGISTERED NUMBER: 12324705 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

PROFESSIONAL PLACEMENT (SOUTHERN) LTD

PROFESSIONAL PLACEMENT (SOUTHERN) LTD (REGISTERED NUMBER: 12324705)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROFESSIONAL PLACEMENT (SOUTHERN) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Miss J Miller
Mrs C Martell





REGISTERED OFFICE: 4 Spur Road
Portsmouth
United Kingdom
Hampshire
PO6 3EB





REGISTERED NUMBER: 12324705 (England and Wales)





ACCOUNTANTS: AMR Bookkeeping & Accounts Limited
4 Spur Road
Cosham
PORTSMOUTH
Hampshire
PO6 3EB

PROFESSIONAL PLACEMENT (SOUTHERN) LTD (REGISTERED NUMBER: 12324705)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,406 4,675

CURRENT ASSETS
Debtors 5 4,037 -
Cash at bank 21,806 26,242
25,843 26,242
CREDITORS
Amounts falling due within one year 6 4,808 15,259
NET CURRENT ASSETS 21,035 10,983
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,441

15,658

CREDITORS
Amounts falling due after more than one year 7 25,595 -
NET ASSETS 18,846 15,658

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 18,746 15,558
SHAREHOLDERS' FUNDS 18,846 15,658

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 PLACEMENT (SOUTHERN) LTD (REGISTERED NUMBER: 12324705)

BALANCE SHEET - continued
30 NOVEMBER 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 30 August 2024 and were signed on its behalf by:




Mrs C Martell - Director



Miss J Miller - Director


PROFESSIONAL PLACEMENT (SOUTHERN) LTD (REGISTERED NUMBER: 12324705)

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


1. STATUTORY INFORMATION

Professional Placement (Southern) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tooling and development - 20% on reducing balance

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

PROFESSIONAL PLACEMENT (SOUTHERN) LTD (REGISTERED NUMBER: 12324705)

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


4. TANGIBLE FIXED ASSETS
Tooling
and Motor Office
development vehicles Equipment Totals
£    £    £    £   
COST
At 1 December 2022 6,460 - 299 6,759
Additions - 24,583 - 24,583
At 30 November 2023 6,460 24,583 299 31,342
DEPRECIATION
At 1 December 2022 2,024 - 60 2,084
Charge for year 887 4,917 48 5,852
At 30 November 2023 2,911 4,917 108 7,936
NET BOOK VALUE
At 30 November 2023 3,549 19,666 191 23,406
At 30 November 2022 4,436 - 239 4,675

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 4,037 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors (1 ) -
Tax 2,034 6,356
VAT 1,731 8,003
Other creditors 1,044 900
4,808 15,259

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 25,595 -

PROFESSIONAL PLACEMENT (SOUTHERN) LTD (REGISTERED NUMBER: 12324705)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1.00 100 100

9. RESERVES
Retained
earnings
£   

At 1 December 2022 15,558
Profit for the year 27,404
Dividends (24,216 )
At 30 November 2023 18,746