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Company Registration No. 13617257 (England and Wales)
Pros and Cons Ltd Unaudited accounts for the year ended 31 March 2024
Pros and Cons Ltd Unaudited accounts Contents
Page
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Pros and Cons Ltd Company Information for the year ended 31 March 2024
Director
C.A.J. Atkins
Company Number
13617257 (England and Wales)
Registered Office
20-22 Wenlock Road London N1 7GU ENGLAND
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Pros and Cons Ltd Accountants' report
Accountants' report to the director of Pros and Cons Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pros and Cons Ltd for the year ended 31 March 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Pros and Cons Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Pros and Cons Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pros and Cons Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Pros and Cons Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Pros and Cons Ltd. You consider that Pros and Cons Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Pros and Cons Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 20 May 2024
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Pros and Cons Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
747 
996 
Current assets
Debtors
20,000 
- 
Cash at bank and in hand
38,894 
61,255 
58,894 
61,255 
Creditors: amounts falling due within one year
(40,413)
(55,411)
Net current assets
18,481 
5,844 
Net assets
19,228 
6,840 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
19,227 
6,839 
Shareholders' funds
19,228 
6,840 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 May 2024 and were signed on its behalf by
C.A.J. Atkins Director Company Registration No. 13617257
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Pros and Cons Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Pros and Cons Ltd is a private company, limited by shares, registered in England and Wales, registration number 13617257. The registered office is 20-22 Wenlock Road, London, N1 7GU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% WDV
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,418 
At 31 March 2024
1,418 
Depreciation
At 1 April 2023
422 
Charge for the year
249 
At 31 March 2024
671 
Net book value
At 31 March 2024
747 
At 31 March 2023
996 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
20,000 
- 
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Pros and Cons Ltd Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
7,720 
9,610 
Loans from directors
21,735 
34,844 
Accruals
10,958 
10,957 
40,413 
55,411 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
C.A.J. Atkins
Director Loan Account
(34,844)
(1,891)
(15,000)
(21,735)
(34,844)
(1,891)
(15,000)
(21,735)
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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