Registration number: 03930739

The Payroll Practice Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	4

The Payroll Practice Limited

Company Information

Directors

Mr G D Munday Ms J Petherbridge

Company secretary

Mr G D Munday

Registered office

Paddocks Cottage Nymet Tracey Bow Crediton Devon EX17 6JX

Accountants

Forum Chartered Accountants 44 Drake Avenue Teignmouth Devon TQ14 9NA

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Payroll Practice Limited
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Payroll Practice Limited for the year ended 31 December 2024 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of The Payroll Practice Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The Payroll Practice Limited and state those matters that we have agreed to state to the Board of Directors of The Payroll Practice Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Payroll Practice Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Payroll Practice Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Payroll Practice Limited. You consider that The Payroll Practice Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Payroll Practice Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Forum Chartered Accountants
44 Drake Avenue
Teignmouth
Devon
TQ14 9NA

19 September 2025

The Payroll Practice Limited

(Registration number: 03930739)
Balance Sheet as at 31 December 2024

	2024 £	2023 £
Fixed assets	1,812	1,587
Current assets	21,172	20,580
Prepayments and accrued income	1,012	927
Creditors: Amounts falling due within one year	(21,462)	(21,045)
Net current assets	722	462
	2,534	2,049
Capital and reserves	2,534	2,049

The Payroll Practice Limited

(Registration number: 03930739)
Balance Sheet as at 31 December 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:
Paddocks Cottage
Nymet Tracey
Bow
Crediton
Devon
EX17 6JX

These financial statements were authorised for issue by the Board on 19 September 2025.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge 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 provisions applicable to companies subject to the micro entities regime 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 September 2025 and signed on its behalf by:
 

 

Mr G D Munday
Company secretary and director