Registered number
07636468
Peter Scott Consulting Ltd
Filleted Accounts
30 June 2024
Peter Scott Consulting Ltd
Registered number: 07636468
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,906 1,281
Current assets
Debtors 4 39,597 29,393
Cash at bank and in hand 188,565 250,076
228,162 279,469
Creditors: amounts falling due within one year 5 (22,518) (69,251)
Net current assets 205,644 210,218
Total assets less current liabilities 207,550 211,499
Provisions for liabilities (508) (416)
Net assets 207,042 211,083
Capital and reserves
Called up share capital 21 21
Profit and loss account 207,021 211,062
Shareholders' funds 207,042 211,083
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.
P D Wakefield
Director
Approved by the board on 10 September 2024
Peter Scott Consulting Ltd
Notes to the Accounts
for the year ended 30 June 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 all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment straight line over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Computer
equipment
Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 - 3,383 - 3,383
Additions - 1,822 - 1,822
At 30 June 2024 - 5,205 - 5,205
Depreciation
At 1 July 2023 - 2,102 - 2,102
Charge for the year - 1,197 - 1,197
At 30 June 2024 - 3,299 - 3,299
Net book value
At 30 June 2024 - 1,906 - 1,906
At 30 June 2023 - 1,281 - 1,281
4 Debtors 2024 2023
£ £
Trade debtors 19,620 10,980
Other debtors 19,977 18,413
39,597 29,393
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,526 532
Taxation and social security costs 13,665 41,206
Other creditors 7,327 27,513
22,518 69,251
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
P D Wakefield 338 32,000 (34,684) (2,346)
D A Watkinson 338 42,000 (43,882) (1,544)
676 74,000 (78,566) (3,890)
7 Related party transactions
During the year advances were made to the directors' per note 6. The amounts were repaid within 9 months of the year end. These advances were unsecured, beared no interest and had no fixed repayment term.

Unless otherwise stated, all transactions with related parties are conducted under normal market conditions.
8 Other information
Peter Scott Consulting Ltd is a private company limited by shares and incorporated in England. Its registered office is:
74 Macrae Road
Ham Green
Bristol
BS20 0DD
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