Company Registration No. 6017727 (England and Wales)
PRINCIPAL CONSULTANCY LIMITED
Unaudited accounts
for the year ended 31 December 2022
PRINCIPAL CONSULTANCY LIMITED
Unaudited accounts
Contents
PRINCIPAL CONSULTANCY LIMITED
Company Information
for the year ended 31 December 2022
Company Number
6017727 (England and Wales)
Registered Office
3RD FLOOR
207 REGENT STREET
LONDON
W1B 3HH
UK
Accountants
Lunar Accountancy Ltd
41 Lancaster Gate
London
W2 3NA
PRINCIPAL CONSULTANCY LIMITED
Statement of financial position
as at 31 December 2022
Cash at bank and in hand
3
1,060
Creditors: amounts falling due within one year
(28,881)
(30,457)
Net current assets
150,104
159,083
Total assets less current liabilities
150,346
159,406
Creditors: amounts falling due after more than one year
(29,250)
(29,250)
Net assets
121,096
130,156
Called up share capital
10
10
Profit and loss account
121,086
130,146
Shareholders' funds
121,096
130,156
For the year ending 31 December 2022 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 director acknowledges his 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 and authorised for issue on 9 October 2023 and were signed on its behalf by
Nwora Eze
Director
Company Registration No. 6017727
PRINCIPAL CONSULTANCY LIMITED
Notes to the Accounts
for the year ended 31 December 2022
PRINCIPAL CONSULTANCY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 6017727. The registered office is 3RD FLOOR, 207 REGENT STREET, LONDON, W1B 3HH, UK.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% reducing balance
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Other debtors
178,982
188,480
PRINCIPAL CONSULTANCY LIMITED
Notes to the Accounts
for the year ended 31 December 2022
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
4,875
3,250
Taxes and social security
18,528
17,797
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 1 (2021: 2).