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COMPANY REGISTRATION NUMBER: 14496127
PTH Research Consultancy Ltd
Filleted Unaudited Financial Statements
30 November 2023
PTH Research Consultancy Ltd
Financial Statements
Period from 21 November 2022 to 30 November 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
PTH Research Consultancy Ltd
Statement of Financial Position
30 November 2023
30 Nov 23
Note
£
Current assets
Debtors
5
29,421
Cash at bank and in hand
5,863
--------
35,284
Creditors: amounts falling due within one year
6
8,485
--------
Net current assets
26,799
--------
Total assets less current liabilities
26,799
--------
Net assets
26,799
--------
Capital and reserves
Called up share capital
2
Profit and loss account
26,797
--------
Shareholders funds
26,799
--------
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 comprehensive income has not been delivered.
For the period ending 30 November 2023 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 period 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 .
These financial statements were approved by the board of directors and authorised for issue on 21 August 2024 , and are signed on behalf of the board by:
N J Harris
Director
Company registration number: 14496127
PTH Research Consultancy Ltd
Notes to the Financial Statements
Period from 21 November 2022 to 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Workshop, 32-40 Tontine Street, Folkestone, Kent, CT20 1JU, 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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 3 .
5. Debtors
30 Nov 23
£
Other debtors
29,421
--------
6. Creditors: amounts falling due within one year
30 Nov 23
£
Corporation tax
6,358
Other creditors
2,127
-------
8,485
-------
7. Directors' advances, credits and guarantees
During the year the directors were advanced £19,500 and made repayments of £nil. Interest was charged at 2.5%.
8. Related party transactions
At the period end, the directors owed £19,621 to the company.