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REGISTERED NUMBER: 06366762 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

P&F Consulting Limited

P&F Consulting Limited (Registered number: 06366762)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P&F Consulting Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr P D Whalley
Mrs F E Pauly





REGISTERED OFFICE: 1 Twatley Cottages
Sherston Road
Malmesbury
Wiltshire
SN16 0QX





REGISTERED NUMBER: 06366762 (England and Wales)





ACCOUNTANTS: Moore
30 Gay Street
Bath
BA1 2PA

P&F Consulting Limited (Registered number: 06366762)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,058 3,822

CURRENT ASSETS
Debtors 5 6,192 669
Cash at bank 54,612 89,849
60,804 90,518
CREDITORS
Amounts falling due within one year 6 9,822 21,497
NET CURRENT ASSETS 50,982 69,021
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,040

72,843

PROVISIONS FOR LIABILITIES 581 726
NET ASSETS 53,459 72,117

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 8 52,459 71,117
SHAREHOLDERS' FUNDS 53,459 72,117

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 directors acknowledge their 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.

P&F Consulting Limited (Registered number: 06366762)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





Mr P D Whalley - Director


P&F Consulting Limited (Registered number: 06366762)

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

1. STATUTORY INFORMATION

P&F 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
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

P&F Consulting Limited (Registered number: 06366762)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 13,238
DEPRECIATION
At 1 April 2023 9,416
Charge for year 764
At 31 March 2024 10,180
NET BOOK VALUE
At 31 March 2024 3,058
At 31 March 2023 3,822

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 6,126 603
Other debtors 66 66
6,192 669

P&F Consulting Limited (Registered number: 06366762)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 7,906 18,936
Other creditors 1,916 2,561
9,822 21,497

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000 Ordinary shares £1 1,000 1,000

8. RESERVES
Retained
earnings
£   

At 1 April 2023 71,117
Profit for the year 31,342
Dividends (50,000 )
At 31 March 2024 52,459

9. TRANSACTIONS WITH THE DIRECTOR

Included in other creditors is £123 (2023: £198) owed to P D Whalley and £7 (2023: £56) owed to Mrs F Pauly who are both directors of the company. These loans are unsecured, interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P D Whalley.