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Registration number: 12526807

PW Retail Consultancy Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

PW Retail Consultancy Limited

(Registration number: 12526807)

Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

17,516

17,360

Current assets

 

Debtors

4

5,608

234

Cash at bank and in hand

 

8,026

12,542

 

13,634

12,776

Creditors: Amounts falling due within one year

5

(11,010)

(29,244)

Net current assets/(liabilities)

 

2,624

(16,468)

Net assets

 

20,140

892

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

20,040

792

Shareholders' funds

 

20,140

892

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.

Directors' 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 directors acknowledge their 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 and the option not to file the Profit and Loss Account has been taken.

These financial statements, which 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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 11 October 2024 and signed on its behalf by:
 

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

P Waugh
Director

 

PW Retail Consultancy Limited

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

1

Accounting policies

PW Retail Consultancy Limited is a private company, limited by shares, domiciled in England and Wales, company number 12526807. The registered office is at 3 Melton Gardens, Sprotbrough, Doncaster, South Yorkshire, DN5 7NT, England.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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 presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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

Office equipment

20 % Straight Line

 

PW Retail Consultancy Limited

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

3

Tangible assets

Land and buildings
£

Office equipment
£

Total
£

Cost

At 1 April 2023

16,585

1,409

17,994

Additions

-

548

548

At 31 March 2024

16,585

1,957

18,542

Depreciation

At 1 April 2023

-

634

634

Charge for the year

-

392

392

At 31 March 2024

-

1,026

1,026

Carrying amount

At 31 March 2024

16,585

931

17,516

At 31 March 2023

16,585

775

17,360

Included within the net book value of land and buildings above is £16,585 (2023 - £16,585) in respect of freehold land and buildings.
 

4

Debtors

2024
£

2023
£

Prepayments

207

234

Other debtors

5,401

-

5,608

234

 

PW Retail Consultancy Limited

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

5

Creditors

Amounts falling due within one year

2024
£

2023
£

Taxation and social security

5,230

1,113

Accruals and deferred income

4,930

4,991

Other creditors

850

23,140

11,010

29,244