3 3 PK Strategic Solutions Ltd 09677879 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is Business Consultancy Digita Accounts Production Advanced 6.30.9574.0 true 09677879 2023-08-01 2024-07-31 09677879 2024-07-31 09677879 bus:OrdinaryShareClass1 2024-07-31 09677879 core:CurrentFinancialInstruments 2024-07-31 09677879 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 09677879 core:Non-currentFinancialInstruments 2024-07-31 09677879 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 09677879 core:OfficeEquipment 2024-07-31 09677879 bus:SmallEntities 2023-08-01 2024-07-31 09677879 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 09677879 bus:FilletedAccounts 2023-08-01 2024-07-31 09677879 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09677879 bus:RegisteredOffice 2023-08-01 2024-07-31 09677879 bus:Director1 2023-08-01 2024-07-31 09677879 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 09677879 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09677879 core:OfficeEquipment 2023-08-01 2024-07-31 09677879 countries:EnglandWales 2023-08-01 2024-07-31 09677879 2023-07-31 09677879 core:OfficeEquipment 2023-07-31 09677879 2022-08-01 2023-07-31 09677879 2023-07-31 09677879 bus:OrdinaryShareClass1 2023-07-31 09677879 core:CurrentFinancialInstruments 2023-07-31 09677879 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 09677879 core:Non-currentFinancialInstruments 2023-07-31 09677879 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 09677879 core:OfficeEquipment 2023-07-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 09677879

PK Strategic Solutions Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

PK Strategic Solutions Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

PK Strategic Solutions Ltd

(Registration number: 09677879)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

900

238

Current assets

 

Debtors

5

48,942

67,596

Cash at bank and in hand

 

40,077

24,919

 

89,019

92,515

Creditors: Amounts falling due within one year

6

(35,285)

(33,136)

Net current assets

 

53,734

59,379

Total assets less current liabilities

 

54,634

59,617

Creditors: Amounts falling due after more than one year

6

(11,333)

(18,133)

Net assets

 

43,301

41,484

Capital and reserves

 

Called up share capital

9

1

1

Retained earnings

43,300

41,483

Shareholders' funds

 

43,301

41,484

For the financial year ending 31 July 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 accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 April 2025
 

.........................................
Ms Parminder Kaur Ubee
Director

 

PK Strategic Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
20 St Clements Avenue
Harold Wood
Romford
RM3 0HY

These financial statements were authorised for issue by the director on 28 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

PK Strategic Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

PK Strategic Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 August 2023

1,140

1,140

Additions

1,107

1,107

At 31 July 2024

2,247

2,247

Depreciation

At 1 August 2023

902

902

Charge for the year

445

445

At 31 July 2024

1,347

1,347

Carrying amount

At 31 July 2024

900

900

At 31 July 2023

238

238

5

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

-

36,000

Amounts owed by related parties

8

-

31,596

Other debtors

 

48,942

-

   

48,942

67,596

 

PK Strategic Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

6,800

6,800

Taxation and social security

 

3,014

14,925

Accruals and deferred income

 

-

75

Other creditors

 

25,471

11,336

 

35,285

33,136

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

11,333

18,133

 

PK Strategic Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

11,333

18,133

Current loans and borrowings

2024
£

2023
£

Bank borrowings

6,800

6,800

8

Related party transactions

During the year, the company made the following related party transactions:

Director
At the balance sheet date, the amount due to the Director was £18,640 (2023 - £9,527). These loans were unsecured, interest free and repayable on demand.

Company Under Common Control
At the balance sheet date, the amount due from the company under common control was £Nil (2023 - £31,596). These loans were unsecured, interest free and repayable on demand.


 

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Share of £1 each

1

1

1

1