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Registration number: 08561816

PR Technical Consultants Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

PR Technical Consultants Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

PR Technical Consultants Limited

Company Information

Director

PA Reynolds

Company secretary

JA Reynolds

Registered office

111 - 113 High Street
Evesham
Worcestershire
WR11 4XP

Accountants

Clement Rabjohns Limited
Chartered Accountants
111/113 High Street
Evesham
Worcestershire
WR11 4XP

 

PR Technical Consultants Limited

(Registration number: 08561816)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

333

523

Current assets

 

Debtors

6

13,476

12,787

Cash at bank and in hand

 

867

523

 

14,343

13,310

Creditors: Amounts falling due within one year

7

(24,859)

(25,806)

Net current liabilities

 

(10,516)

(12,496)

Net liabilities

 

(10,183)

(11,973)

Capital and reserves

 

Called up share capital

40,000

40,000

Retained earnings

(50,183)

(51,973)

Shareholders' deficit

 

(10,183)

(11,973)

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 August 2023
 

.........................................
PA Reynolds
Director

 

PR Technical Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
111 - 113 High Street
Evesham
Worcestershire
WR11 4XP
England

These financial statements were authorised for issue by the director on 31 August 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

PR Technical Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Computer software

20% straight line

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

PR Technical Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 April 2022

47,322

47,322

At 31 March 2023

47,322

47,322

Amortisation

At 1 April 2022

47,322

47,322

At 31 March 2023

47,322

47,322

Carrying amount

At 31 March 2023

-

-

At 31 March 2022

-

-

5

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 April 2022

2,094

2,094

Additions

102

102

At 31 March 2023

2,196

2,196

Depreciation

At 1 April 2022

1,571

1,571

Charge for the year

292

292

At 31 March 2023

1,863

1,863

Carrying amount

At 31 March 2023

333

333

At 31 March 2022

523

523

 

PR Technical Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

debtors

Current

2023
£

2022
£

Trade debtors

1,200

600

Prepayments

500

-

Other debtors

11,776

12,187

 

13,476

12,787

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

153

872

Accruals and deferred income

1,621

538

Other creditors

23,085

24,396

24,859

25,806