PRACTICE INDEX LTD

Company Registration Number:
09018867 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

PRACTICE INDEX LTD

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

PRACTICE INDEX LTD

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 16,473 12,688
Total fixed assets: 16,473 12,688
Current assets
Debtors: 4 1,043,806 764,818
Cash at bank and in hand: 1,923,181 1,555,831
Total current assets: 2,966,987 2,320,649
Creditors: amounts falling due within one year: 5 (445,110) (304,923)
Net current assets (liabilities): 2,521,877 2,015,726
Total assets less current liabilities: 2,538,350 2,028,414
Total net assets (liabilities): 2,538,350 2,028,414
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 2,538,250 2,028,314
Shareholders funds: 2,538,350 2,028,414

The notes form part of these financial statements

PRACTICE INDEX LTD

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 08 January 2025
and signed on behalf of the board by:

Name: Mr J Dillon
Status: Director

The notes form part of these financial statements

PRACTICE INDEX LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company's ordinary activities.

Tangible fixed assets and depreciation policy

Depreciation is provided at rates calculated to write off the cost,less residual value,of each asset over its expected useful life,as follows. - 15% decreasing

Other accounting policies

Deferred tax Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

PRACTICE INDEX LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 10 8

PRACTICE INDEX LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible Assets

Total
Cost £
At 01 May 2023 19,254
Additions 6,691
At 30 April 2024 25,945
Depreciation
At 01 May 2023 6,566
Charge for year 2,906
At 30 April 2024 9,472
Net book value
At 30 April 2024 16,473
At 30 April 2023 12,688

PRACTICE INDEX LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 1,043,806 764,818

PRACTICE INDEX LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due within one year note

Other creditors inc pension contributions £3,031 Other taxes and PAYE £117,568 Taxation £324,511