Registered number
13000104
John Perrin Consulting Ltd
Unaudited Filleted Accounts
30 November 2023
John Perrin Consulting Ltd
Registered number: 13000104
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 39,601 11,096
Cash at bank and in hand 13,476 19,322
53,077 30,418
Creditors: amounts falling due within one year 4 (26,429) (18,315)
Net current assets 26,648 12,103
Net assets 26,648 12,103
Capital and reserves
Called up share capital 1 1
Profit and loss account 26,647 12,102
Shareholders' funds 26,648 12,103
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
John Perrin
Director
Approved by the board on 15 March 2024
John Perrin Consulting Ltd
Notes to the Accounts
for the year ended 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Trade debtors 11,471 11,096
Other debtors 28,130 -
39,601 11,096
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 26,429 7,015
Other creditors - 11,300
26,429 18,315
5 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
John Perrin
Interest charged with no fixed repayment terms - 28,130 - 28,130
- 28,130 - 28,130
6 Related party transactions
During the year the company paid dividends to the director totalling £79,300 (2022: £19,235)
7 Controlling party
The director is the ultimate controlling party by virtue of his 100% shareholding in the company.
8 Other information
John Perrin Consulting Ltd is a private company limited by shares and incorporated in England. Its registered office is:
29 Danegeld Avenue
Great Denham
Bedford
Bedfordshire
MK40 4SS
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