PT Consult Limited 10848417 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is engineering related scientific and technical consulting activities. Digita Accounts Production Advanced 6.30.9574.0 true 10848417 2022-09-01 2023-08-31 10848417 2023-08-31 10848417 core:CurrentFinancialInstruments 2023-08-31 10848417 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 10848417 core:OfficeEquipment 2023-08-31 10848417 bus:SmallEntities 2022-09-01 2023-08-31 10848417 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 10848417 bus:FullAccounts 2022-09-01 2023-08-31 10848417 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 10848417 bus:RegisteredOffice 2022-09-01 2023-08-31 10848417 bus:Director1 2022-09-01 2023-08-31 10848417 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 10848417 core:OfficeEquipment 2022-09-01 2023-08-31 10848417 countries:EnglandWales 2022-09-01 2023-08-31 10848417 2022-08-31 10848417 core:OfficeEquipment 2022-08-31 10848417 2021-09-01 2022-08-31 10848417 2022-08-31 10848417 core:CurrentFinancialInstruments 2022-08-31 10848417 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 10848417 core:OfficeEquipment 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 10848417

PT Consult Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2023

 

PT Consult Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

PT Consult Limited

(Registration number: 10848417)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,768

1,558

Current assets

 

Debtors

5

1,690

14,155

Cash at bank and in hand

 

178,363

141,487

 

180,053

155,642

Creditors: Amounts falling due within one year

6

(26,963)

(35,563)

Net current assets

 

153,090

120,079

Net assets

 

154,858

121,637

Capital and reserves

 

Called up share capital

100

100

Retained earnings

154,758

121,537

Shareholders' funds

 

154,858

121,637

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

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 November 2023 and signed on its behalf by:
 

.........................................
F M Clayton
Director

 

PT Consult Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 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:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of scientific engineering and techinical consulting services. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

PT Consult Limited

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

Debtors

Trade debtors are amounts due from customers for scientific engineering and technical consulting services performed.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 September 2022

1,849

1,849

Additions

849

849

At 31 August 2023

2,698

2,698

Depreciation

At 1 September 2022

291

291

Charge for the year

639

639

At 31 August 2023

930

930

Carrying amount

At 31 August 2023

1,768

1,768

At 31 August 2022

1,558

1,558

5

Debtors

 

PT Consult Limited

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

Current

2023
£

2022
£

Trade debtors

-

14,155

Prepayments

571

-

Other debtors

1,119

-

 

1,690

14,155

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

24,690

27,963

Other creditors

2,273

7,600

26,963

35,563

7

Related party transactions

Other transactions with directors

During the year, F M Clayton and J M Clayton (directors) had a loan with the company. At the balance sheet date the amount owed by F M Clayton and J M Clayton was £536 (2022: due to directors: £5,337).