Accounts Submission

PHILIPPINE SERVICE CORP LTD - Company Information

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Company Registration Number:
04972319 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2021

Period of accounts

Start date: 01 December 2020

End date: 30 November 2021

Contents of the Financial Statements

for the Period Ended 30 November 2021


Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

Directors' Report Period Ended 30 November 2021

The directors present their report with the financial statements of the company for the period ended 30 November 2021

Principal Activities

The principal activities of the Company continued to be that of publication services.

Political and charitable donations

N/A

Company policy on the employment of disabled persons

N/A

Directors

The directors shown below have held office during the whole of the period from 01 December 2020 to 30 November 2021
Mrs. Rina Reyes

This report was approved by the board of directors on 19 December 2021
And Signed On Behalf Of The Board By:

Name: Mrs. Rina Reyes
Status: Director

Profit and Loss Account

for the Period Ended 30 November 2021

	2021 £	2020 £
Turnover	57,259	73,357
Cost of sales	( 30,652 )	( 45,380 )
Gross Profit or (Loss)	37,257	45,870
Income from coronavirus (COVID-19) business support grants	10,650	17,893
Administrative Expenses	( 35,078 )	( 53,620 )
Operating Profit or (Loss)	2,179	( 7,750 )
Profit or (Loss) Before Tax	2,179	( 7,750 )
Profit or (Loss) for Period	2,179	( 7,750 )

The notes form part of these financial statements

Balance sheet

As at 30 November 2021

	Notes	2021 £	2020 £
Fixed assets
Total fixed assets:		-	-
Current assets
Debtors:	4	29,296	26,125
Cash at bank and in hand:		3,996	5,953
Total current assets:		33,292	32,078
Prepayments and accrued income:		11,235	9,872
Creditors: amounts falling due within one year:	5	( 1,543 )	( 1,145 )
Net current assets (liabilities):		42,984	40,805
Total assets less current liabilities:		42,984	40,805
Total net assets (liabilities):		42,984	40,805

The notes form part of these financial statements

Balance sheet continued

As at 30 November 2021

	2021 £	2020 £
Capital and reserves
Called up share capital:	2	2
Profit and loss account:	42,982	40,803
Shareholders funds:	42,984	40,805

For the year ending 30 November 2021 the company was entitled to exemption 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.

This report was approved by the board of directors on 19 December 2021
And Signed On Behalf Of The Board By:

Name: Mrs. Rina Reyes
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 30 November 2021

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The turnover shown in the profit and loss represents revenue recognized by the Company in respect to the goods and services supplied during the
period net of any trade discounts.

Tangible fixed assets depreciation policy

N/A

Intangible fixed assets amortisation policy

N/A

Valuation information and policy

N/A

Notes to the Financial Statements

for the Period Ended 30 November 2021

2. Employees

	2021	2020
Average number of employees during the period	1	2

Notes to the Financial Statements

for the Period Ended 30 November 2021

3. Off balance sheet disclosure

No

Notes to the Financial Statements

for the Period Ended 30 November 2021

4. Debtors

	2021 £	2020 £
Trade debtors	29,296	26,125
Total	29,296	26,125

Notes to the Financial Statements

for the Period Ended 30 November 2021

5.Creditors: amounts falling due within one year note

	2021 £	2020 £
Trade creditors	1,543	1,145
Total	1,543	1,145

Director:		Mrs. Rina Reyes


Registered office:		Lower Ground Floor 13 Hogarth Place Earls Court London GBR SW5 0QF


Company Registration Number:		04972319 (England and Wales)

Accounts Submission