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REGISTERED NUMBER: 04491755 (England and Wales)










Financial Statements

for the Year Ended 30 June 2024

for

Practitioners In Quality Limited

Practitioners In Quality Limited (Registered number: 04491755)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Practitioners In Quality Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: M T Ellis





SECRETARY: Mrs E J Ellis





REGISTERED OFFICE: 28 Holloways Lane
North Mymms
Hatfield
Hertfordshire
AL9 7NP





REGISTERED NUMBER: 04491755 (England and Wales)





ACCOUNTANTS: John Greenall & Co Limited
20 Crewe Road
Sandbach
Cheshire
CW11 4NE

Practitioners In Quality Limited (Registered number: 04491755)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,158 758
1,158 758

CURRENT ASSETS
Debtors 6 4,409 2,035
Cash at bank 7,997 8,385
12,406 10,420
CREDITORS
Amounts falling due within one year 7 12,421 9,958
NET CURRENT (LIABILITIES)/ASSETS (15 ) 462
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,143

1,220

PROVISIONS FOR LIABILITIES 220 144
NET ASSETS 923 1,076

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 921 1,074
SHAREHOLDERS' FUNDS 923 1,076

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Practitioners In Quality Limited (Registered number: 04491755)

Balance Sheet - continued
30 June 2024


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 10 March 2025 and were signed by:





M T Ellis - Director


Practitioners In Quality Limited (Registered number: 04491755)

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

1. STATUTORY INFORMATION

Practitioners In Quality 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 represents the net invoiced value of sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on reducing balance
Computer equipment - 33% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 25,340
AMORTISATION
At 1 July 2023
and 30 June 2024 25,340
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

Practitioners In Quality Limited (Registered number: 04491755)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 5,284 16,899 22,183
Additions - 979 979
At 30 June 2024 5,284 17,878 23,162
DEPRECIATION
At 1 July 2023 5,284 16,141 21,425
Charge for year - 579 579
At 30 June 2024 5,284 16,720 22,004
NET BOOK VALUE
At 30 June 2024 - 1,158 1,158
At 30 June 2023 - 758 758

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 2,811 2,035
Other debtors 1,598 -
4,409 2,035

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 10,970 8,086
Other creditors 1,451 1,872
12,421 9,958