Registration number:
PFF Analysis Limited
for the Year Ended 31 December 2024
PFF Analysis Limited
Independent Auditor's Report to the Members of PFF Analysis Limited
The Report of the Auditor's was unqualified.
......................................
For and on behalf of
1 Copperhouse Court
Caldecotte Business Park
Buckinghamshire
MK7 8NL
PFF Analysis Limited
(Registration number: 07104845)
Abridged Balance Sheet as at 31 December 2024
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Note |
2024 |
(As restated) |
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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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Total assets less current liabilities |
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Accruals and deferred income |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
1,000 |
1,000 |
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Retained earnings |
408,894 |
310,440 |
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Shareholders' funds |
409,894 |
311,440 |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
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PFF Analysis Limited
Notes to the Abridged Financial Statements for the Year Ended 31 December 2024
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General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
United Kingdom
The principal place of business is:
1216 Central Parkway
Cincinnati
Ohio
45202
United States
These financial statements were authorised for issue by the
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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 abridged 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 abridged 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. The company's functional presentational currency is the pound sterling (£).
Going concern
The financial statements have been prepared on a going concern basis. The directors have considered forecasts and cash flow requirements for at least 12 months from the date of approval of these financial statements. The company has received written confirmation of financial support from its parent company, PFFA Acquisition LLC, for this period. The directors have assessed the ability of the parent to provide such support and, having identified no material uncertainties, consider it appropriate to prepare the financial statements on a going concern basis.
PFF Analysis Limited
Notes to the Abridged Financial Statements for the Year Ended 31 December 2024
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the 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.
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:
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Asset class |
Depreciation method and rate |
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Office Equipment |
25 % Reducing Balance |
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Software Development |
33.33% Straight Line Basis |
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Fixtures and Fittings |
25% Reducing Balance |
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.
PFF Analysis Limited
Notes to the Abridged Financial Statements for the Year Ended 31 December 2024
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.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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.
Defined contribution pension obligation
The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund. The charge to the profit and loss in respect of defined contribution schemes in the year was £25,050 (2023: £36,283). The amount of pension contributions outstanding at the balance sheet date totaled £4,025 (2023: £7,410).
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
PFF Analysis Limited
Notes to the Abridged Financial Statements for the Year Ended 31 December 2024
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Tangible assets |
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Furniture, fittings and equipment |
Other tangible assets |
Total |
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Cost or valuation |
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At 1 January 2024 |
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At 31 December 2024 |
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Depreciation |
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At 1 January 2024 |
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At 31 December 2024 |
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Carrying amount |
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At 31 December 2024 |
- |
- |
- |
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Share capital |
Allotted, called up and fully paid shares
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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1,000 |
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1,000 |
PFF Analysis Limited
Notes to the Abridged Financial Statements for the Year Ended 31 December 2024
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Related party transactions |
Summary of transactions with all entities with joint control or significant interest
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Parent and ultimate parent undertaking |
The registered office of PFFA Acquisitions LLC is 1216 Central Parkway, Cincinnati, Ohio 45202, United States.
Consolidated financial statements for PFFA Acquisitions LLC are not available to the public as it is a privately held company.
PFF Analysis Limited
Notes to the Abridged Financial Statements for the Year Ended 31 December 2024
Prior Year Adjustment
In the prior year, the company’s client account balance of £256,208 was incorrectly presented within Other
Debtors rather than within Cash at Bank and in Hand.
This balance represents the company’s cash held in the accountants’ client bank account.
Accordingly, a prior year reclassification has been made to present this balance correctly.
The reclassification had no impact on total assets, liabilities, equity, or retained earnings. It represents a
presentational adjustment only.
Disclosure under section 444(5B) of the Companies Act 2006
The Report of the Auditors was unqualified.
Darren Croucher FCCA FCA ( Senior Statutory Auditor)
For and on behalf of Crouchers Ltd