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REGISTERED NUMBER: 03705161 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

PAF Consulting Limited

PAF Consulting Limited (Registered number: 03705161)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PAF Consulting Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: P A Frost





SECRETARY: Miss A M Galer





REGISTERED OFFICE: 36A Market Street
New Mills
High Peak
SK22 4AA





REGISTERED NUMBER: 03705161 (England and Wales)





ACCOUNTANTS: DLA Chartered Accountants
36A Market Street
New Mills
High Peak
SK22 4AA

PAF Consulting Limited (Registered number: 03705161)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,825 6,515

CURRENT ASSETS
Debtors 5 6,088 6,180
Cash at bank 11,428 72,954
17,516 79,134
CREDITORS
Amounts falling due within one year 6 11,582 22,277
NET CURRENT ASSETS 5,934 56,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,759

63,372

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 11,757 63,370
SHAREHOLDERS' FUNDS 11,759 63,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 16 July 2024 and were signed by:





P A Frost - Director


PAF Consulting Limited (Registered number: 03705161)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

PAF Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

PAF Consulting Limited (Registered number: 03705161)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 9,253 13,209 10,755 33,217
Additions - - 1,332 1,332
Disposals (170 ) - - (170 )
At 31 March 2024 9,083 13,209 12,087 34,379
DEPRECIATION
At 1 April 2023 7,606 10,347 8,749 26,702
Charge for year 412 716 871 1,999
Eliminated on disposal (147 ) - - (147 )
At 31 March 2024 7,871 11,063 9,620 28,554
NET BOOK VALUE
At 31 March 2024 1,212 2,146 2,467 5,825
At 31 March 2023 1,647 2,862 2,006 6,515

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,520 -
Tax 3,568 3,568
VAT - 2,612
6,088 6,180

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Social security and other taxes (80 ) 117
VAT 224 -
Directors' current accounts 10,604 21,310
Accrued expenses 834 850
11,582 22,277