Registered number
11983019
Deb.Payne1consulting Ltd
Filleted Accounts
30 November 2023
Deb.Payne1consulting Ltd
Registered number: 11983019
Balance Sheet
as at 30 November 2023
Notes 30/11/23 30/4/23
£ £
Fixed assets
Tangible assets 3 - 596
Current assets
Debtors 4 - 822
Cash at bank and in hand 15,798 33,411
15,798 34,233
Creditors: amounts falling due within one year 5 (1,230) (3,190)
Net current assets 14,568 31,043
Net assets 14,568 31,639
Capital and reserves
Called up share capital 1 1
Profit and loss account 14,567 31,638
Shareholder's funds 14,568 31,639
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Deborah Payne
Director
Approved by the board on 7 March 2024
Deb.Payne1consulting Ltd
Notes to the Accounts
for the period from 1 May 2023 to 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 30/11/23 30/4/23
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 744
At 30 November 2023 744
Depreciation
At 1 May 2023 148
Charge for the period 596
At 30 November 2023 744
Net book value
At 30 November 2023 -
At 30 April 2023 596
4 Debtors 30/11/23 30/4/23
£ £
Other debtors - 822
5 Creditors: amounts falling due within one year 30/11/23 30/4/23
£ £
Trade creditors - 69
Taxation and social security costs 13 2,544
Other creditors 1,217 577
1,230 3,190
6 Related party transactions
The sole director & shareholder operates an active loan account with the company, within which all dividends are declared and drawn upon as required.
Included within other creditors is a balance of £1,217 (2023 £574), owed by the Company to a Director. No interest is charged on this balance and is repayable on demand.
7 Controlling party
The Company is wholly under the control of its sole Director and Shareholder.
8 Other information
Deb.Payne1consulting Ltd is a private company limited by shares and incorporated in England. Its registered office is:
87 Berkeley Road
Bishopston
Bristol
BS7 8HQ
United Kingdom
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