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Company No: 08975913 (England and Wales)

PETER READING GEOTECHNICAL CONSULTING LTD

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

PETER READING GEOTECHNICAL CONSULTING LTD

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

PETER READING GEOTECHNICAL CONSULTING LTD

BALANCE SHEET

As at 30 April 2024
PETER READING GEOTECHNICAL CONSULTING LTD

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 666 0
666 0
Current assets
Debtors 4 12,129 18,089
Cash at bank and in hand 8,356 459
20,485 18,548
Creditors: amounts falling due within one year 5 ( 14,302) ( 15,466)
Net current assets 6,183 3,082
Total assets less current liabilities 6,849 3,082
Creditors: amounts falling due after more than one year 6 ( 3,000) ( 5,000)
Net assets/(liabilities) 3,849 ( 1,918)
Capital and reserves
Called-up share capital 100 100
Profit and loss account 3,749 ( 2,018 )
Total shareholders' funds/(deficit) 3,849 ( 1,918)

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Peter Reading Geotechnical Consulting Ltd (registered number: 08975913) were approved and authorised for issue by the Board of Directors on 06 August 2024. They were signed on its behalf by:

P J Reading
Director
PETER READING GEOTECHNICAL CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
PETER READING GEOTECHNICAL CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Peter Reading Geotechnical Consulting Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 8 Appleslade Way, New Milton, Hampshire, BH25 5ER.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 May 2023 3,534 3,534
Additions 799 799
At 30 April 2024 4,333 4,333
Accumulated depreciation
At 01 May 2023 3,534 3,534
Charge for the financial year 133 133
At 30 April 2024 3,667 3,667
Net book value
At 30 April 2024 666 666
At 30 April 2023 0 0

4. Debtors

2024 2023
£ £
Trade debtors 8 45
Other debtors 12,121 18,044
12,129 18,089

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 2,000 2,000
Trade creditors 102 0
Corporation tax 8,656 10,286
Other taxation and social security 208 0
Other creditors 3,336 3,180
14,302 15,466

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 3,000 5,000

There are no amounts included above in respect of which any security has been given by the small entity.

7. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Directors' loan account 12,121 18,044

The above amount will be repaid within nine months of the year end.