Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30false2022-12-01No description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08768278 2022-12-01 2023-11-30 08768278 2021-12-01 2022-11-30 08768278 2023-11-30 08768278 2022-11-30 08768278 c:Director1 2022-12-01 2023-11-30 08768278 d:MotorVehicles 2022-12-01 2023-11-30 08768278 d:MotorVehicles 2023-11-30 08768278 d:MotorVehicles 2022-11-30 08768278 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 08768278 d:OfficeEquipment 2022-12-01 2023-11-30 08768278 d:OfficeEquipment 2023-11-30 08768278 d:OfficeEquipment 2022-11-30 08768278 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 08768278 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 08768278 d:CurrentFinancialInstruments 2023-11-30 08768278 d:CurrentFinancialInstruments 2022-11-30 08768278 d:Non-currentFinancialInstruments 2023-11-30 08768278 d:Non-currentFinancialInstruments 2022-11-30 08768278 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 08768278 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 08768278 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 08768278 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 08768278 d:ShareCapital 2023-11-30 08768278 d:ShareCapital 2022-11-30 08768278 d:RetainedEarningsAccumulatedLosses 2023-11-30 08768278 d:RetainedEarningsAccumulatedLosses 2022-11-30 08768278 c:OrdinaryShareClass1 2022-12-01 2023-11-30 08768278 c:OrdinaryShareClass1 2023-11-30 08768278 c:OrdinaryShareClass1 2022-11-30 08768278 c:FRS102 2022-12-01 2023-11-30 08768278 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 08768278 c:FullAccounts 2022-12-01 2023-11-30 08768278 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08768278 d:HirePurchaseContracts d:WithinOneYear 2023-11-30 08768278 d:HirePurchaseContracts d:WithinOneYear 2022-11-30 08768278 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-11-30 08768278 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-11-30 08768278 2 2022-12-01 2023-11-30 08768278 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-11-30 08768278 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-11-30 08768278 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08768278














PITULIA & CO LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

 
PITULIA & CO LTD
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
PITULIA & CO LTD
REGISTERED NUMBER:08768278

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
84,606
125,664

Current assets
  

Debtors: amounts falling due within one year
 5 
42,128
20,198

Bank and cash balances
  
121,555
114,480

  
163,683
134,678

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(158,938)
(78,880)

Net current assets
  
 
 
4,745
 
 
55,798

Creditors: amounts falling due after more than one year
 7 
-
(92,139)

  

Net assets
  
89,351
89,323


Capital and reserves
  

Called up share capital 
 9 
99
99

Profit and loss account
  
89,252
89,224

  
89,351
89,323


The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 August 2024.




D C Pitulia
Director

Page 1

 
PITULIA & CO LTD
REGISTERED NUMBER:08768278
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PITULIA & CO LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Pitulia & Co Limited is a limited liability company registered in England and Wales. Its registered office address is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire WD6 1JD.
The principal activity of the Company during the year was that of medical consultancy services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the
translation at period-end exchange rates of monetary assets and liabilities denominated in foreign
currencies are recognised in the profit and loss account.

 
2.3

Turnover

Turnover is measured at the fair value of amounts receivable in respect of services provided in the year, net of trade discounts. Turnover comprises of medical services, board fees and recharged travel expenses incurred. 
Turnover is recognised in the period in which the service is provided.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
PITULIA & CO LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Cash and cash equivalents comprise cash balances and call deposits.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
PITULIA & CO LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 December 2022
159,950
8,929
168,879


Disposals
-
(137)
(137)



At 30 November 2023

159,950
8,792
168,742



Depreciation


At 1 December 2022
36,655
6,559
43,214


Charge for the year on owned assets
39,988
983
40,971


Disposals
-
(49)
(49)



At 30 November 2023

76,643
7,493
84,136



Net book value



At 30 November 2023
83,307
1,299
84,606



At 30 November 2022
123,295
2,369
125,664

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
83,308
123,295


5.


Debtors

2023
2022
£
£


Trade debtors
35,400
5,631

Other debtors
6,075
12,707

Prepayments and accrued income
653
1,860

42,128
20,198

Page 5

 
PITULIA & CO LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.Debtors (continued)



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
224
-

Obligations under finance lease and hire purchase contracts
92,239
3,227

Other creditors
62,851
72,964

Accruals and deferred income
3,624
2,689

158,938
78,880



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
-
92,139



8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
92,239
3,227

Between 1-5 years
-
92,139

92,239
95,366


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



99 (2022 - 99) Ordinary shares of £1 each
99
99


 
Page 6