REGISTERED NUMBER: 02678127 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2023 TO 31 DECEMBER 2023

FOR

THE PROFESSIONAL PAYROLL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L C Warde

N Muir

T S Sharman

REGISTERED OFFICE:

55 Loudoun Road

St John's Wood

London

NW8 0DL

REGISTERED NUMBER:

02678127 (England and Wales)

FIXED ASSETS

Tangible assets

4

-

1,308

CURRENT ASSETS

Debtors

5

148,337

57,287

Cash at bank

5,404

24,861

153,741

82,148

CREDITORS

Amounts falling due within one year

6

(108,167

)

(37,361

)

NET CURRENT ASSETS

45,574

44,787

TOTAL ASSETS LESS CURRENT LIABILITIES

45,574

46,095

PROVISIONS FOR LIABILITIES

7

-

(255

)

NET ASSETS

45,574

45,840

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

44,574

44,840

SHAREHOLDERS' FUNDS

45,574

45,840

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:

L C Warde - Director

1.	STATUTORY INFORMATION

The Professional Payroll 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Fixtures and fittings

-

25% on reducing balance

Taxation

Taxation for the period 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - 5 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2023

11,479

Disposals

(11,479

)

At 31 December 2023

-

DEPRECIATION

At 1 April 2023

10,171

Eliminated on disposal

(10,171

)

At 31 December 2023

-

NET BOOK VALUE

At 31 December 2023

-

At 31 March 2023

1,308

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.3.23

£

£

Trade debtors

91,081

10,461

Other debtors

57,256

46,826

148,337

57,287

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.3.23

£

£

Trade creditors

22,444

10,000

Amounts owed to group undertakings

85,516

-

Taxation and social security

207

8,596

Other creditors

-

18,765

108,167

37,361

7.	PROVISIONS FOR LIABILITIES

31.12.23

31.3.23

£

£

Deferred tax

-

255

Deferred

tax

£

Balance at 1 April 2023

255

Credit to Income Statement during period

(255

)

Balance at 31 December 2023

-

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.23

31.3.23

value:

£

£

40,000

Ordinary

£0.02

5

1,000

1,000

9.	PARENT COMPANY

The parent company is Attention To Finance Group Limited, a company registered in the UK with number 04609544.