PRINCETON ECO PLUS SERVICES LTD
Statement of financial position
as at 30 November 2023
Tangible assets
32,580
43,441
Cash at bank and in hand
19,394
12,608
Creditors: amounts falling due within one year
(214,970)
(7,536)
Net current (liabilities)/assets
(18,858)
5,072
Called up share capital
1
1
Profit and loss account
13,721
48,512
Shareholders' funds
13,722
48,513
For the year ending 30 November 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.
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 29 August 2024 and were signed on its behalf by
Irfan Ashraf
Director
Company Registration No. 11705473
PRINCETON ECO PLUS SERVICES LTD
Notes to the Accounts
for the year ended 30 November 2023
PRINCETON ECO PLUS SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 11705473. The registered office is 3 Brook Holloway, Stourbridge, DY9 8XJ, UK.
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.
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
20% Straight-Line
Motor vehicles
20% Straight-Line
Fixtures & fittings
20% Straight-Line
Computer equipment
20% Straight-Line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
18,500
23,950
17,320
59,770
At 30 November 2023
18,500
23,950
17,320
59,770
At 1 December 2022
3,700
7,494
5,135
16,329
Charge for the year
3,700
4,114
3,047
10,861
At 30 November 2023
7,400
11,608
8,182
27,190
At 30 November 2023
11,100
12,342
9,138
32,580
At 30 November 2022
14,800
16,456
12,185
43,441
PRINCETON ECO PLUS SERVICES LTD
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Accrued income and prepayments
96,603
-
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
14,628
6,536
Proposed dividends
35,900
-
Loans from directors
-
1,000
7
Average number of employees
During the year the average number of employees was 15 (2022: 5).