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Company registration number: 07518190

Paula Wills Consulting Limited

Filleted Unaudited Financial Statements
for the Year Ended 31 March 2024
 

 

Paula Wills Consulting Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Paula Wills Consulting Limited

Company Information

Director

Mrs P Wills

Registered office

136 Todd Lane North
Lostock Hall
Preston
Lancashire
PR5 5UN

Accountants

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Paula Wills Consulting Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Paula Wills Consulting Limited for the year ended 31 March 2024 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Paula Wills Consulting Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Paula Wills Consulting Limited and state those matters that we have agreed to state to the Board of Directors of Paula Wills Consulting Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Paula Wills Consulting Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Paula Wills Consulting Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Paula Wills Consulting Limited. You consider that Paula Wills Consulting Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Paula Wills Consulting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

14 October 2024

 

Paula Wills Consulting Limited

(Registration number: 07518190)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

67

Current assets

 

Debtors

5

11,006

6,441

Cash at bank and in hand

 

2,913

2,027

 

13,919

8,468

Creditors: Amounts falling due within one year

6

(5,344)

(8,346)

Net current assets

 

8,575

122

Total assets less current liabilities

 

8,575

189

Provisions for liabilities

-

(13)

Net assets

 

8,575

176

Capital and reserves

 

Called up share capital

100

100

Retained earnings

8,475

76

Shareholders' funds

 

8,575

176

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 October 2024
 

.........................................
Mrs P Wills
Director

   
     
 

Paula Wills Consulting Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
136 Todd Lane North
Lostock Hall
Preston
Lancashire
PR5 5UN

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Revenue from training and consultancy is recognised when the service is delivered,revenue is stated net of value added tax.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

33% straight line

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Paula Wills Consulting Limited

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

4

Tangible assets

Computer Equipment

Total
£

Cost or valuation

At 1 April 2023

197

197

At 31 March 2024

197

197

Depreciation

At 1 April 2023

130

130

Charge for the year

67

67

At 31 March 2024

197

197

Carrying amount

At 31 March 2024

-

-

At 31 March 2023

67

67

5

Debtors

Current

2024
£

2023
£

Trade debtors

3,078

6,441

Other debtors

7,928

-

 

11,006

6,441

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Corporation tax

3,858

1,706

Other creditors

1,486

6,640

5,344

8,346

 

Paula Wills Consulting Limited

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

7

Related party transactions

Transactions with the director

2024

At 1 April 2023
£

Advances to director
£

At 31 March 2024
£

Mrs P Wills

Mrs P Wills

-

7,928

7,928

-

-

-

 

-

7,928

7,928

     

 

The above loan is unsecured, interest free and repayable on demand. All the figures are disclosed on an aggregate basis. The loan was repaid shortly after the year end.