Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-312022-10-31No description of principal activityfalse2021-11-0100falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12264068 2021-11-01 2022-10-31 12264068 2020-11-01 2021-10-31 12264068 2022-10-31 12264068 2021-10-31 12264068 c:Director1 2021-11-01 2022-10-31 12264068 d:ComputerEquipment 2021-11-01 2022-10-31 12264068 d:ComputerEquipment 2022-10-31 12264068 d:ComputerEquipment 2021-10-31 12264068 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 12264068 d:CurrentFinancialInstruments 2022-10-31 12264068 d:CurrentFinancialInstruments 2021-10-31 12264068 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 12264068 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 12264068 d:ShareCapital 2022-10-31 12264068 d:ShareCapital 2021-10-31 12264068 d:RetainedEarningsAccumulatedLosses 2022-10-31 12264068 d:RetainedEarningsAccumulatedLosses 2021-10-31 12264068 c:FRS102 2021-11-01 2022-10-31 12264068 c:AuditExempt-NoAccountantsReport 2021-11-01 2022-10-31 12264068 c:FullAccounts 2021-11-01 2022-10-31 12264068 c:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure

Registered number: 12264068









PALLEY CONSULTING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2022

 
PALLEY CONSULTING LIMITED
REGISTERED NUMBER: 12264068

BALANCE SHEET
AS AT 31 OCTOBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
768
960

  
768
960

Current assets
  

Debtors: amounts falling due within one year
 5 
305
-

Cash at bank and in hand
 6 
174
673

  
479
673

Creditors: amounts falling due within one year
 7 
(13,756)
(10,427)

Net current liabilities
  
 
 
(13,277)
 
 
(9,754)

Total assets less current liabilities
  
(12,509)
(8,794)

  

Net liabilities
  
(12,509)
(8,794)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(12,609)
(8,894)

  
(12,509)
(8,794)


Page 1

 
PALLEY CONSULTING LIMITED
REGISTERED NUMBER: 12264068
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
E Palley
Director

Date: 19 October 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PALLEY CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1.


General information

Palley Consulting Limited is a private company limited by shares. The company is incorporated in England and Wales and its registered office is Aston House, Cornwall Avenue, N3 1LF. The registred number is 12264068.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

There is a deficit of assets over liabilities as at 31 October 2022. The directors consider it appropriate to prepare the financial statements on a going concern basis as the company retains the support of its creditors in meeting its day to day working capital requirements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
PALLEY CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The Company has no employees.

Page 4

 
PALLEY CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 November 2021
1,500



At 31 October 2022

1,500



Depreciation


At 1 November 2021
540


Charge for the year on owned assets
192



At 31 October 2022

732



Net book value



At 31 October 2022
768



At 31 October 2021
960


5.


Debtors

2022
2021
£
£


Other debtors
305
-

305
-



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
174
673

174
673


Page 5

 
PALLEY CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Other taxation and social security
-
8

Other creditors
12,006
8,669

Accruals and deferred income
1,750
1,750

13,756
10,427


 
Page 6