Company Registration No. 10560625 (England and Wales)
Precarious Limited
Unaudited accounts
for the year ended 31 January 2023
Precarious Limited
Unaudited accounts
Contents
Precarious Limited
Company Information
for the year ended 31 January 2023
Company Number
10560625 (England and Wales)
Registered Office
3 Portland Gate
Leeds
West Yorkshire
LS1 3HL
England
Accountants
MG Mellor Accountancy Services Limited
12 Castley Lane
Leathley
Otley
North Yorkshire
LS21 2QB
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Precarious Limited
for the year ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Precarious Limited for the year ended 31 January 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of Precarious Limited, as a body, in accordance with the terms of our engagement letter dated 31 January 2017. Our work has been undertaken solely to prepare for your approval the accounts of Precarious Limited and state those matters that we have agreed to state to the Board of Directors of Precarious Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Precarious Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Precarious 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 loss of Precarious Limited. You consider that Precarious 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 Precarious 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.
MG Mellor Accountancy Services Limited
Member in Practice
12 Castley Lane
Leathley
Otley
North Yorkshire
LS21 2QB
3 October 2023
Precarious Limited
Statement of financial position
as at 31 January 2023
Cash at bank and in hand
29,192
33,371
Creditors: amounts falling due within one year
(19,233)
(20,458)
Net current assets
14,250
19,703
Profit and loss account
15,075
22,205
Shareholders' funds
15,075
22,205
For the year ending 31 January 2023 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 10 October 2023 and were signed on its behalf by
Matthew Walker
Director
Company Registration No. 10560625
Precarious Limited
Notes to the Accounts
for the year ended 31 January 2023
Precarious Limited is a private company, limited by shares, registered in England and Wales, registration number 10560625. The registered office is 3 Portland Gate, , Leeds, West Yorkshire, LS1 3HL, England.
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:
Fixtures & fittings
Straight Line 3 Years
Computer equipment
Straight Line 3 Years
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2022
303
2,209
2,512
At 31 January 2023
490
3,258
3,748
At 1 February 2022
202
2,208
2,410
Charge for the year
164
349
513
At 31 January 2023
366
2,557
2,923
At 31 January 2023
124
701
825
At 31 January 2022
101
1
102
Precarious Limited
Notes to the Accounts
for the year ended 31 January 2023
5
Investments
Other investments
Valuation at 1 February 2022
2,400
Fair value adjustments
(2,400)
Valuation at 31 January 2023
-
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,739
2,739
Loans from directors
16,494
17,719
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).