2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC378922 2023-07-01 2024-06-30 SC378922 2024-06-30 SC378922 2023-06-30 SC378922 2022-07-01 2023-06-30 SC378922 2023-06-30 SC378922 2022-06-30 SC378922 bus:Director2 2023-07-01 2024-06-30 SC378922 core:AfterOneYear 2024-06-30 SC378922 core:AfterOneYear 2023-06-30 SC378922 core:WithinOneYear 2024-06-30 SC378922 core:WithinOneYear 2023-06-30 SC378922 core:ShareCapital 2024-06-30 SC378922 core:ShareCapital 2023-06-30 SC378922 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC378922 core:RetainedEarningsAccumulatedLosses 2023-06-30 SC378922 bus:SmallEntities 2023-07-01 2024-06-30 SC378922 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 SC378922 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC378922 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC378922 bus:FullAccounts 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: SC378922
Pulse Business Solutions Limited
Filleted Unaudited Financial Statements
For the year ended
30 June 2024
Pulse Business Solutions Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Current assets
Debtors
5
15,569
Cash at bank and in hand
30,976
48,307
--------
--------
30,976
63,876
Creditors: amounts falling due within one year
6
6,564
27,500
--------
--------
Net current assets
24,412
36,376
--------
--------
Total assets less current liabilities
24,412
36,376
Creditors: amounts falling due after more than one year
7
15,927
23,942
--------
--------
Net assets
8,485
12,434
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
8,385
12,334
-------
--------
Shareholders funds
8,485
12,434
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 15 January 2025 , and are signed on behalf of the board by:
J K Duncan
Director
Company registration number: SC378922
Pulse Business Solutions Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 33 Kittoch Street, East Kilbride, Glasgow, G74 4JW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Debtors
2024
2023
£
£
Trade debtors
8,569
Other debtors
7,000
----
--------
15,569
----
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
307
307
Social security and other taxes
4,911
7,796
Other creditors
1,346
19,397
-------
--------
6,564
27,500
-------
--------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
15,927
23,942
--------
--------
8. Related party transactions
Control:- The company was under the control of the J K Duncan throughout the period under review. J K Duncan is the sole director and shareholder. Transactions:- No transactions with related parties were undertaken such as are required to be disclosed under Section 1A of FRS 102.