Registered number
13146395
Principle Solutions Limited
Filleted Accounts
31 January 2024
Principle Solutions Limited
Registered number: 13146395
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 488 488
Cash at bank and in hand 31 801
519 1,289
Creditors: amounts falling due within one year 4 (440) (1,200)
Net current assets 79 89
Net assets 79 89
Capital and reserves
Called up share capital 1 1
Profit and loss account 78 88
Shareholder's funds 79 89
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Williams
Director
Approved by the board on 16 September 2024
Principle Solutions Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Trade debtors 488 488
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 300 300
Taxation and social security costs 22 22
Other creditors 118 878
440 1,200
5 Other information
Principle Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
18 Dunham Close
Alsager
Stoke on Trent
ST7 2XR
Principle Solutions Limited 13146395 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts April 2024 J Williams No description of principal activity 13146395 2022-02-01 2023-01-31 13146395 core:WithinOneYear 2023-01-31 13146395 core:ShareCapital 2023-01-31 13146395 core:RetainedEarningsAccumulatedLosses 2023-01-31 13146395 2023-02-01 2024-01-31 13146395 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13146395 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13146395 bus:Director40 2023-02-01 2024-01-31 13146395 countries:England 2023-02-01 2024-01-31 13146395 bus:FRS102 2023-02-01 2024-01-31 13146395 bus:FilletedAccounts 2023-02-01 2024-01-31 13146395 2024-01-31 13146395 core:WithinOneYear 2024-01-31 13146395 core:ShareCapital 2024-01-31 13146395 core:RetainedEarningsAccumulatedLosses 2024-01-31 13146395 2023-01-31 iso4217:GBP xbrli:pure