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REGISTERED NUMBER: 07595301 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Price & Accountants Ltd

Price & Accountants Ltd (Registered number: 07595301)






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


Price & Accountants Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: M Bhuiyan





REGISTERED OFFICE: Wework C/O Price & Accountants Ltd
1 Fore Street
London
EC2Y 9DT





REGISTERED NUMBER: 07595301 (England and Wales)





ACCOUNTANTS: Meer Julhas & Co
Chartered Certified Accountants and Tax Advisors
37 Green Street
London
E7 8DA

Price & Accountants Ltd (Registered number: 07595301)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 4,247 1,355

CURRENT ASSETS
Debtors 4 697,295 306,435
Cash at bank 233,429 304,801
930,724 611,236
CREDITORS
Amounts falling due within one year 5 459,749 197,295
NET CURRENT ASSETS 470,975 413,941
TOTAL ASSETS LESS CURRENT
LIABILITIES

475,222

415,296

CAPITAL AND RESERVES
Called up share capital 6 1,002 1,001
Retained earnings 7 474,220 414,295
SHAREHOLDERS' FUNDS 475,222 415,296

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 his 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 22 January 2025 and were signed by:




M Bhuiyan - Director


Price & Accountants Ltd (Registered number: 07595301)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. 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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

3. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2023 1,797
Additions 3,628
At 30 April 2024 5,425
DEPRECIATION
At 1 May 2023
and 30 April 2024 1,178
NET BOOK VALUE
At 30 April 2024 4,247
At 30 April 2023 619

Price & Accountants Ltd (Registered number: 07595301)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 246,367 278,932
Other debtors 449,528 23,456
Prepayments 1,400 4,047
697,295 306,435

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 3,493 10,899
Tax 68,964 86,553
VAT 17,705 67,851
Other creditors 359,718 5,766
Directors' current accounts 136 16,046
Accrued expenses 9,733 10,180
459,749 197,295

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
10,000 Ordinary .10 1,000 1,000
1 B Ordinary £1 1 1
1 C Ordinary £1 1 -
1,002 1,001

1 C Ordinary share of £1 was allotted and fully paid for cash at par during the year.

7. RESERVES
Retained
earnings
£   

At 1 May 2023 414,295
Profit for the year 229,925
Dividends (170,000 )
At 30 April 2024 474,220

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

For the year ended 30th April 2024, the company declared dividends totalling £170,000.