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REGISTERED NUMBER: 04445589 (England and Wales)













Productivity Solutions Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024






Productivity Solutions Limited (Registered number: 04445589)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Productivity Solutions Limited

Company Information
for the year ended 31 August 2024







DIRECTORS: P Woodward
J A Wilde





SECRETARY: P Woodward





REGISTERED OFFICE: Lymore Villa
162a London Road
Chesterton
Newcastle-under-Lyme
Staffordshire
ST5 7JB





REGISTERED NUMBER: 04445589 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

Productivity Solutions Limited (Registered number: 04445589)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 962 1,437
962 1,437

CURRENT ASSETS
Stocks - 78,638
Debtors 6 183,126 352,075
Cash at bank and in hand 597,006 367,030
780,132 797,743
CREDITORS
Amounts falling due within one year 7 130,629 172,454
NET CURRENT ASSETS 649,503 625,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

650,465

626,726

PROVISIONS FOR LIABILITIES 240 273
NET ASSETS 650,225 626,453

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 650,125 626,353
SHAREHOLDERS' FUNDS 650,225 626,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

Productivity Solutions Limited (Registered number: 04445589)

Balance Sheet - continued
31 August 2024


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 20 September 2024 and were signed on its behalf by:





J A Wilde - Director


Productivity Solutions Limited (Registered number: 04445589)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Productivity Solutions Limited 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 represents net invoice value of goods / services provided, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Productivity Solutions Limited (Registered number: 04445589)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 31 August 2024 21,000
AMORTISATION
At 1 September 2023
and 31 August 2024 21,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 11,126 25,521 36,647
DEPRECIATION
At 1 September 2023 11,121 24,089 35,210
Charge for year 2 473 475
At 31 August 2024 11,123 24,562 35,685
NET BOOK VALUE
At 31 August 2024 3 959 962
At 31 August 2023 5 1,432 1,437

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 183,126 352,075

Productivity Solutions Limited (Registered number: 04445589)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,806 18,819
Taxation and social security 108,948 140,658
Other creditors 12,875 12,977
130,629 172,454