Registered number
SC557155
Pettycur Consulting Ltd
Filleted Accounts
29 February 2024
Pettycur Consulting Ltd
Registered number: SC557155
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,314 1,264
Current assets
Cash at bank and in hand 5,723 3,187
Creditors: amounts falling due within one year 4 (1,207) (420)
Net current assets 4,516 2,767
Total assets less current liabilities 5,830 4,031
Creditors: amounts falling due after more than one year 5 (3,015) (5,078)
Net assets/(liabilities) 2,815 (1,047)
Capital and reserves
Profit and loss account 2,815 (1,047)
Shareholders' funds 2,815 (1,047)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Lyon
Director
Approved by the board on 12 August 2024
Pettycur Consulting Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on at the following annual rates on all tangible fixed assets, other than freehold land, as follows:
Fixtures, fittings, tools and equipment 15% on a Reducing Balance basis
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 2,391
Additions 380
At 29 February 2024 2,771
Depreciation
At 1 March 2023 1,127
Charge for the year 330
At 29 February 2024 1,457
Net book value
At 29 February 2024 1,314
At 28 February 2023 1,264
4 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 738 -
Other creditors 469 420
1,207 420
5 Creditors: amounts falling due after one year 2024 2023
£ £
Director's Account Rhona Lyon 1,217 4,867
Director's Account David Lyon 1,798 211
6 Other information
Pettycur Consulting Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
149 Kinghorn Road
Burntisland
Fife
KY3 9JP
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