2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 11183192 2023-03-01 2024-02-29 11183192 2024-02-29 11183192 2023-02-28 11183192 2022-03-01 2023-02-28 11183192 2023-02-28 11183192 2022-02-28 11183192 core:PlantMachinery 2023-03-01 2024-02-29 11183192 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 11183192 bus:Director1 2023-03-01 2024-02-29 11183192 core:PlantMachinery 2023-02-28 11183192 core:PlantMachinery 2024-02-29 11183192 core:WithinOneYear 2024-02-29 11183192 core:WithinOneYear 2023-02-28 11183192 core:ShareCapital 2024-02-29 11183192 core:ShareCapital 2023-02-28 11183192 core:RetainedEarningsAccumulatedLosses 2024-02-29 11183192 core:RetainedEarningsAccumulatedLosses 2023-02-28 11183192 bus:SmallEntities 2023-03-01 2024-02-29 11183192 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 11183192 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11183192 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11183192 bus:FullAccounts 2023-03-01 2024-02-29 11183192 bus:OrdinaryShareClass1 2024-02-29 11183192 bus:OrdinaryShareClass1 2023-02-28 11183192 core:OfficeEquipment 2023-03-01 2024-02-29 11183192 core:OfficeEquipment 2024-02-29 11183192 core:OfficeEquipment 2023-02-28
COMPANY REGISTRATION NUMBER: 11183192
PETE MASON CONSULTING LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
29 February 2024
PETE MASON CONSULTING LIMITED
STATEMENT OF FINANCIAL POSITION
29 February 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
233
CURRENT ASSETS
Debtors
6
5,698
4,369
Cash at bank and in hand
240,212
287,751
---------
---------
245,910
292,120
CREDITORS: amounts falling due within one year
7
26,769
30,957
---------
---------
NET CURRENT ASSETS
219,141
261,163
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
219,141
261,396
---------
---------
NET ASSETS
219,141
261,396
---------
---------
CAPITAL AND RESERVES
Called up share capital
8
100
100
Profit and loss account
219,041
261,296
---------
---------
SHAREHOLDERS FUNDS
219,141
261,396
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 February 2024 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
PETE MASON CONSULTING LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
29 February 2024
These financial statements were approved by the board of directors and authorised for issue on 19 July 2024 , and are signed on behalf of the board by:
P F Mason
Director
Company registration number: 11183192
PETE MASON CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Year ended 29 February 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 213 Newcastle Road, Stone, ST15 8LF, United Kingdom.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and equipment
-
25% straight line
Office equipment
-
33% straight line
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. TANGIBLE ASSETS
Plant and equipment
Office equipment
Total
£
£
£
Cost
At 1 March 2023 and 29 February 2024
469
8,204
8,673
----
-------
-------
Depreciation
At 1 March 2023
469
7,971
8,440
Charge for the year
233
233
----
-------
-------
At 29 February 2024
469
8,204
8,673
----
-------
-------
Carrying amount
At 29 February 2024
----
-------
-------
At 28 February 2023
233
233
----
-------
-------
6. DEBTORS
2024
2023
£
£
Trade debtors
4,740
210
Other debtors
958
4,159
-------
-------
5,698
4,369
-------
-------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
674
99
Other creditors
26,095
30,858
--------
--------
26,769
30,957
--------
--------
8. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----