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REGISTERED NUMBER: 09318715 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

PTL CONSULTANTS LIMITED

PTL CONSULTANTS LIMITED (REGISTERED NUMBER: 09318715)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PTL CONSULTANTS LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTORS: R Dixon
Mrs L A Dixon





REGISTERED OFFICE: 9 Pelham Close
Beverley
East Yorkshire
HU17 8PN





REGISTERED NUMBER: 09318715 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

PTL CONSULTANTS LIMITED (REGISTERED NUMBER: 09318715)

BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,085 3,343

CURRENT ASSETS
Debtors 5 34,453 13,058
Cash at bank 43,810 54,616
78,263 67,674
CREDITORS
Amounts falling due within one year 6 38,360 32,224
NET CURRENT ASSETS 39,903 35,450
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,988

38,793

PROVISIONS FOR LIABILITIES 396 635
NET ASSETS 41,592 38,158

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 41,492 38,058
41,592 38,158

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PTL CONSULTANTS LIMITED (REGISTERED NUMBER: 09318715)

BALANCE SHEET - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by:





R Dixon - Director


PTL CONSULTANTS LIMITED (REGISTERED NUMBER: 09318715)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

PTL Consultants Limited is a private company, limited by shares, registered in England. The registered office of the company is at Pelham Close, Beverley, East Yorkshire, HU17 8PN.The company's registered number is 09318715.

The principal activity of the company is the audit of business management systems and business management consultancy.

The financial statements have been presented in the Pound Sterling (£) as this is the functional currency of the business.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


PTL CONSULTANTS LIMITED (REGISTERED NUMBER: 09318715)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 6,944
Additions 299
At 30 November 2023 7,243
DEPRECIATION
At 1 December 2022 3,601
Charge for year 1,557
At 30 November 2023 5,158
NET BOOK VALUE
At 30 November 2023 2,085
At 30 November 2022 3,343

PTL CONSULTANTS LIMITED (REGISTERED NUMBER: 09318715)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 696
DEPRECIATION
At 1 December 2022 566
Charge for year 130
At 30 November 2023 696
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 130

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 33,076 11,971
Other debtors 1,377 1,087
34,453 13,058

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 17,493 12,961
Other creditors 20,867 19,263
38,360 32,224

7. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed its director, Mr R Dixon, £18,221 (2022: £17,917).

The loan is free from interest and repayable on demand.