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Company Registration No. 10407492 (England and Wales)
Effective Payroll Solutions Ltd Unaudited accounts for the year ended 31 March 2026
Effective Payroll Solutions Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Effective Payroll Solutions Ltd Company Information for the year ended 31 March 2026
Directors
R E Thomas S L Trehearne
Company Number
10407492 (England and Wales)
Registered Office
27/28 Gelliwastad Road Pontypridd CF37 2BW
Accountants
R H Jeffs & Rowe Ltd 27-28 Gelliwastad Road Pontypridd CF37 2BW
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Effective Payroll Solutions Ltd Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Current assets
Debtors
5
20,939
31,046
Cash at bank and in hand
49,326
27,062
70,265
58,108
Creditors: amounts falling due within one year
6
(21,645)
(21,086)
Net current assets
48,620
37,022
Net assets
48,620
37,022
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
48,520
36,922
Shareholders' funds
48,620
37,022
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 April 2026 and were signed on its behalf by
R E Thomas Director Company Registration No. 10407492
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Effective Payroll Solutions Ltd Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Effective Payroll Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 10407492. The registered office is 27/28 Gelliwastad Road, Pontypridd, CF37 2BW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2025
12,000
At 31 March 2026
12,000
Amortisation
At 1 April 2025
12,000
At 31 March 2026
12,000
Net book value
At 31 March 2026
-
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Effective Payroll Solutions Ltd Notes to the Accounts for the year ended 31 March 2026
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
20,399
31,046
Accrued income and prepayments
540
-
20,939
31,046
6
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
14,286
15,209
Taxes and social security
7,359
5,877
21,645
21,086
7
Share capital
2026
2025
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
The company operates from premises owned and operated by connected companies Gelliwastad Holdings Ltd and R H Jeffs & Rowe Ltd to which it respectively pays rent and service charges.
9
Average number of employees
During the year the average number of employees was 8 (2025: 8).
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