Registered number: 06901402

Principle Selection Ltd
Unaudited Financial Statements
for the year ended 31 May 2024

Statement of Financial Position

as at 31 May 2024

  2024
2023
   
££
 
££
Called up share capital not paid  
  -  
 
  -  
Fixed assets  
  831  
 
  1,158  
Current assets  
18,048    
 
31,505    
Prepayments and accrued income  
-    
 
-    
Creditors: amounts falling due within one year  
( 9,271 )  
 
( 18,955 )  
Net current assets (liabilities)  
  8,777  
 
  12,550  
Total assets less current liabilities  
  9,608  
 
  13,708  
Creditors: amounts falling due after more than one year  
  ( 1,517 )
 
  ( 2,917 )
Provisions for liabilities  
  -  
 
  -  
Accruals and deferred income  
  -  
 
  -  
Net assets  
  8,091  
 
  10,791  
   
Capital and reserves  
  8,091  
 
  10,791  

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Footnotes to the Statement of Financial Position

Catherine Parson Deepinder Sharma

1. Arrangements not included in Statement of Financial Position

The company has not entered into any arrangements not shown on the Statement of Financial Position.

2. Average number of employees

The average number of employees in the period was 2.

3. Directors’ benefits: advances, credit and guarantees

The Director Catherine Parson, has no amount owing to the company at the opening or closing date of the Statement of Financial Position.

Deepinder Sharma

Included in creditors is an amount due to be paid by the company to one of its directors. The amount is an advance made to the company of £1,750 by Deepinder Sharma, a director of the company, on 01/06/2023.

During the accounting year the maximum amount repayable to Deepinder Sharma was £5,992

The following conditions are attached to amount payable to Deepinder Sharma:

  • There is no interest due to be paid on any outstanding amount
  • No fixed date has been set for the amount to be repaid by the company.
Opening balance 01/06/2023 Additional advance Amount repaid Amount written off Amounts waived Interest payable Closing balance 31/05/2024
£ £ £ £ £ £ £
5,992   ( 19,642 )
( 19,642 )
15,400
15,400  
0 0 0 1,750  

4. Guarantees, contingencies and other financial commitments

There are no guarantees, contingencies or other commitments not included in the financial statements.

Statutory Statements

In accordance with section 414(3) of the Companies Act 2006, these accounts have been prepared in accordance with the FRS 105: The Financial Reporting Standard applicable to the Micro-entities Regime for periods commencing on or after 1 January 2016. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the year ending 31/05/2024 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts

Company information

a) The company is registered in England and Wales

b) Company registration number - 06901402

c) The company is a private company and is limited by shares

d) The company's registered office address is W8a Knoll Business Centre 325-327 Old Shoreham Road, Hove, BN3 7GS, England



Approved by the board of directors and signed on behalf of the board,

Principle Selection Ltd
Director Catherine Parson
Date of approval: 27/02/2025
The company was trading for the entire period 2023-06-01 2024-05-31 2024-05-31 Recruitment 2025-02-27 2025-02-27