Registered number
SC389144
Purview Consultancy Services Limited
Filleted Accounts
31 January 2024
Purview Consultancy Services Limited
Registered number: SC389144
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 52,713 58,593
Investments 4 200,019 200,019
252,732 258,612
Current assets
Debtors 5 414,213 544,159
Cash at bank and in hand 1,658,045 1,237,113
2,072,258 1,781,272
Creditors: amounts falling due within one year 6 (89,719) (710,934)
Net current assets 1,982,539 1,070,338
Total assets less current liabilities 2,235,271 1,328,950
Creditors: amounts falling due after more than one year 7 (23,685) (46,533)
Net assets 2,211,586 1,282,417
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,211,486 1,282,317
Shareholder's funds 2,211,586 1,282,417
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr P R Bheemanandham
Director
Approved by the board on 4 October 2024
Purview Consultancy Services Limited
Notes to the Accounts
for the year ended 31 January 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 includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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:
Fixtures, fittings and equipment 20% reducing balance method
Motor vehicles 25% reducing balance method
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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 50 74
3 Tangible fixed assets
Fixtures, fittings and equipment Motor vehicles Total Total
£ £ £ £
Cost
At 1 February 2023 50,193 92,350 142,543 142,543
Additions 8,675 - 8,675 8,675
At 31 January 2024 58,868 92,350 151,218 151,218
Depreciation
At 1 February 2023 30,559 53,391 83,950 83,950
Charge for the year 4,815 9,740 14,555 14,555
At 31 January 2024 35,374 63,131 98,505 98,505
Net book value
At 31 January 2024 23,494 29,219 52,713 52,713
At 31 January 2023 19,634 38,959 58,593 58,593
4 Investments
Other Other
investments investments
£ £
Cost
At 1 February 2023 200,019 200,019
At 31 January 2024 200,019 200,019
5 Debtors 2024 2023
£ £
Trade debtors 308,466 453,412
Deferred tax asset 90,747 90,747
Other debtors 15,000 -
414,213 544,159
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 108,335
Obligations under finance lease and hire purchase contracts 12,820 -
Taxation and social security costs (56,766) 462,956
Accruals 111,699 139,643
Other creditors 21,966 -
89,719 710,934
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 23,685 46,533
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 36,505 154,868
The secured loans are in the form of bank loans and Hire Purchase contracts. They are secured over the assets of the company.
9 Controlling party
The director, P R Bheemanandham held a 100% beneficial interest in the share capital of the company.
10 Other information
Purview Consultancy Services Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
15 Queen Street
Edinburgh
EH2 1JE
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