Registration number:
Professorial Solutions Limited
for the Year Ended 30 September 2024
Professorial Solutions Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Professorial Solutions Limited
Company Information
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Director |
Professor A M Heagerty |
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Registered office |
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Accountants |
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Professorial Solutions Limited
(Registration number: 06691744)
Balance Sheet as at 30 September 2024
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been 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
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Professorial Solutions Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
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Statutory information |
Professorial Solutions 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.
These financial statements were authorised for issue by the
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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 as modified by the revaluation of certain assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 hose in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that ave been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the iming 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.
Tangible fixed assets
Plant and machinery are stated at cost less accumulated depreciation and any provision for impairment.
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 20% on cost
Professorial Solutions Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
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Tangible Fixed Assets |
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Plant and machinery |
Total |
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Cost or valuation |
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At 1 October 2023 |
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At 30 September 2024 |
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Depreciation |
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At 1 October 2023 |
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At 30 September 2024 |
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Carrying amount |
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At 30 September 2024 |
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Professorial Solutions Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
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Investments |
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Other investment |
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Cost or valuation |
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At 1 October 2023 |
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Revaluation |
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Additions |
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At 30 September 2024 |
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Provision |
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Carrying amount |
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At 30 September 2024 |
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At 30 September 2023 |
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Cost or valuation at 30 September 2024 is represented by:
Other Investments
Valuation in 2019 £323.00
Valuation in 2020 £103.00
Valuation in 2021 £4,272.00
Valuation in 2022 £4,310.00
Valuation in 2023 £2,810.00
Valuation in 2024 £36,780.00
Cost £94,734.00
Total £134,503.00
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Debtors |
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Current |
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Other debtors |
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Professorial Solutions Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
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Creditors |
Creditors: amounts falling due within one year
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Due within one year |
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Taxation and social security |
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Other creditors |
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