Company Registration No. 05335545 (England and Wales)
Proficient Management Consulting and Training (PMCT) Limited
Unaudited accounts
for the year ended 31 January 2024
Proficient Management Consulting and Training (PMCT) Limited
Unaudited accounts
Contents
Proficient Management Consulting and Training (PMCT) Limited
Company Information
for the year ended 31 January 2024
Company Number
05335545 (England and Wales)
Registered Office
Unit 322B, Ability House
121 Brooker Road
Waltham Abbey
Essex
EN9 1JH
United Kingdom
Accountants
PMCT Accountants & Consultants
Suite 322B, Ability House
121 Brooker Road
Waltham Abbey
Essex
EN9 1JH
Proficient Management Consulting and Training (PMCT) Limited
Statement of financial position
as at 31 January 2024
Tangible assets
17,449
21,279
Cash at bank and in hand
143,790
203,813
Creditors: amounts falling due within one year
(178,890)
(225,950)
Net current (liabilities)/assets
(26,294)
6,593
Total assets less current liabilities
(8,845)
27,872
Creditors: amounts falling due after more than one year
(17,333)
(25,333)
Net (liabilities)/assets
(26,178)
2,539
Called up share capital
10,000
10,000
Profit and loss account
(36,178)
(7,461)
Shareholders' funds
(26,178)
2,539
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 September 2024 and were signed on its behalf by
VINCENT SANTENG
Director
Company Registration No. 05335545
Proficient Management Consulting and Training (PMCT) Limited
Notes to the Accounts
for the year ended 31 January 2024
Proficient Management Consulting and Training (PMCT) Limited is a private company, limited by shares, registered in England and Wales, registration number 05335545. The registered office is Unit 322B, Ability House, 121 Brooker Road, Waltham Abbey, Essex, EN9 1JH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Directors Loan and Off Balance Sheet Arrangements
Directors Loan
Long-term creditors amounts are long-term loans from Directors purposefully provided for continued diversification for online outsource services such as Outsource Bookkeeping, Outsource Payroll, Online Training Business Training and Remote Consultancy. Projected net operational income would be £45,000.00 per year from February 2022.
We also have significant interest in developing Online Accountancy Solution with more than £20,000.00 investment by our Directors as loans to PMCT Limited. Our Online Accountancy software Solution (Absolute Accountancy) would have payback period of 2 years and minimum net operational income of £25,000.00 per year from 3 years onwards.
Off balance sheet arrangements
PMCT Limited trading name is PMCT Accountants and Consultants. Our general principle is to write-off any debt outstanding for over 24 months and such debts are never written-off against Performance Statement as Bad Debt but written-off against Reserve (Shareholders Funds). Any recovered previously written-off debt is reinstated as part of distributable Shareholders Funds without affecting or distorting previously reported Performance Statement.
Proficient Management Consulting and Training (PMCT) Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
22,934
3,705
19,620
46,259
At 31 January 2024
22,934
3,705
19,620
46,259
At 1 February 2023
4,233
3,705
17,042
24,980
Charge for the year
3,366
-
464
3,830
At 31 January 2024
7,599
3,705
17,506
28,810
At 31 January 2024
15,335
-
2,114
17,449
At 31 January 2023
18,701
-
2,578
21,279
Amounts falling due within one year
Trade debtors
8,806
28,730
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,000
8,000
Trade creditors
135,413
179,873
Taxes and social security
2,271
1,613
Loans from directors
33,206
36,464
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).