P1 SOLUTIONS LTD

Company Registration Number:
SC062396 (Scotland)

Unaudited abridged accounts for the year ended 30 September 2024

Period of accounts

Start date: 01 October 2023

End date: 30 September 2024

P1 SOLUTIONS LTD

Contents of the Financial Statements

for the Period Ended 30 September 2024

Balance sheet
Notes

P1 SOLUTIONS LTD

Balance sheet

As at 30 September 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 965,744 1,196,632
Total fixed assets: 965,744 1,196,632
Current assets
Stocks: 326,314 70,331
Debtors:   529,827 415,747
Cash at bank and in hand: 1,636,185 1,527,003
Total current assets: 2,492,326 2,013,081
Creditors: amounts falling due within one year:   (1,334,298) (1,392,720)
Net current assets (liabilities): 1,158,028 620,361
Total assets less current liabilities: 2,123,772 1,816,993
Creditors: amounts falling due after more than one year:   (13,591) (60,705)
Provision for liabilities: (15,000) (15,000)
Total net assets (liabilities): 2,095,181 1,741,288
Capital and reserves
Called up share capital: 1,000 1,000
Revaluation reserve:4274,522274,522
Profit and loss account: 1,819,659 1,465,766
Shareholders funds: 2,095,181 1,741,288

The notes form part of these financial statements

P1 SOLUTIONS LTD

Balance sheet statements

For the year ending 30 September 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 21 March 2025
and signed on behalf of the board by:

Name: John Gillan
Status: Director

The notes form part of these financial statements

P1 SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

P1 SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

2. Employees

2024 2023
Average number of employees during the period 23 21

P1 SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible Assets

Total
Cost £
At 01 October 2023 1,791,457
Additions 109,071
Disposals (220,990)
At 30 September 2024 1,679,538
Depreciation
At 01 October 2023 594,825
Charge for year 138,081
On disposals (19,112)
At 30 September 2024 713,794
Net book value
At 30 September 2024 965,744
At 30 September 2023 1,196,632

P1 SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Revaluation reserve

2024
£
Balance at 01 October 2023 274,522
Surplus or deficit after revaluation 0
Balance at 30 September 2024 274,522