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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

PERSONAL IMPROVEMENT LIMITED

PERSONAL IMPROVEMENT LIMITED (REGISTERED NUMBER: 05091641)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PERSONAL IMPROVEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Ms A Papakosta





REGISTERED OFFICE: Cavendish House
369 Burnt Oak Avenue
Edgware
HA8 5AW





REGISTERED NUMBER: 05091641 (England and Wales)





ACCOUNTANTS: Somers Baker Prince Kurz LLP
Chartered Accountants
Chancellors House
3 Brampton Lane
London
NW4 4AB

PERSONAL IMPROVEMENT LIMITED (REGISTERED NUMBER: 05091641)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,788 9,194

CURRENT ASSETS
Debtors 5 256,452 228,844
Cash at bank 18,336 30,441
274,788 259,285
CREDITORS
Amounts falling due within one year 6 58,714 50,547
NET CURRENT ASSETS 216,074 208,738
TOTAL ASSETS LESS CURRENT
LIABILITIES

267,862

217,932

CREDITORS
Amounts falling due after more than one year 7 (46,324 ) (19,583 )

PROVISIONS FOR LIABILITIES (12,947 ) (1,746 )
NET ASSETS 208,591 196,603

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 208,491 196,503
208,591 196,603

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 6 January 2025 and were signed by:




Ms A Papakosta - Director


PERSONAL IMPROVEMENT LIMITED (REGISTERED NUMBER: 05091641)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Personal Improvement 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 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.

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.

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 7 (2023 - 7 ) .

PERSONAL IMPROVEMENT LIMITED (REGISTERED NUMBER: 05091641)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 10,198 2,970 - 21,389 34,557
Additions 833 - 55,090 3,959 59,882
At 30 April 2024 11,031 2,970 55,090 25,348 94,439
DEPRECIATION
At 1 May 2023 8,160 1,269 - 15,934 25,363
Charge for year 720 430 13,773 2,365 17,288
At 30 April 2024 8,880 1,699 13,773 18,299 42,651
NET BOOK VALUE
At 30 April 2024 2,151 1,271 41,317 7,049 51,788
At 30 April 2023 2,038 1,701 - 5,455 9,194

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 245,260 217,760
Other debtors 3,600 5,212
Tax 4,889 -
Prepayments and accrued income 2,703 5,872
256,452 228,844

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 26,739 18,398
Trade creditors 5,163 178
Tax - 14,277
Social security and other taxes 9,831 12,247
Other creditors 54 -
Directors' current accounts 7,471 4,668
Accrued expenses 9,456 779
58,714 50,547

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 19,726 9,400
Bank loans more than 2 year 26,598 10,183
46,324 19,583

PERSONAL IMPROVEMENT LIMITED (REGISTERED NUMBER: 05091641)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 4,800 19,699

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Ms A Papakosta
Balance outstanding at start of year - 57,423
Amounts repaid - (57,423 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Interest was being charged on these loans at the market rate and they are repayable on demand.

10. RELATED PARTY DISCLOSURES

Included in the debtors are £108,425 (2023 - £108,425) due from Cubotic Ltd and £136,535 (2023 - £109,035) due from UK Skills Centre Ltd, companies in which Anna Papakosta (director) has controlling interest.