Payneless Consulting Limited 14597449 false 2023-01-17 2024-01-31 2024-01-31 The principal activity of the company is the provision of management consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true true 14597449 2023-01-17 2024-01-31 14597449 2024-01-31 14597449 core:CurrentFinancialInstruments 2024-01-31 14597449 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 14597449 core:OfficeEquipment 2024-01-31 14597449 bus:SmallEntities 2023-01-17 2024-01-31 14597449 bus:AuditExemptWithAccountantsReport 2023-01-17 2024-01-31 14597449 bus:FilletedAccounts 2023-01-17 2024-01-31 14597449 bus:SmallCompaniesRegimeForAccounts 2023-01-17 2024-01-31 14597449 bus:RegisteredOffice 2023-01-17 2024-01-31 14597449 bus:Director1 2023-01-17 2024-01-31 14597449 bus:PrivateLimitedCompanyLtd 2023-01-17 2024-01-31 14597449 core:OfficeEquipment 2023-01-17 2024-01-31 14597449 countries:EnglandWales 2023-01-17 2024-01-31 iso4217:GBP xbrli:pure

Registration number: 14597449

Payneless Consulting Limited

Unaudited Filleted Financial Statements

for the Period from 17 January 2023 to 31 January 2024

 

Payneless Consulting Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Payneless Consulting Limited

(Registration number: 14597449)
Balance Sheet as at 31 January 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

993

Current assets

 

Debtors

5

33

Cash at bank and in hand

 

82,538

 

82,571

Creditors: Amounts falling due within one year

6

(25,465)

Net current assets

 

57,106

Net assets

 

58,099

Capital and reserves

 

Called up share capital

2

Retained earnings

58,097

Shareholders' funds

 

58,099

For the financial period ending 31 January 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 period in question in accordance with section 476; and

The director acknowledges his 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 14 October 2024
 

.........................................
Mr Jonathan Payne
Director

 

Payneless Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 17 January 2023 to 31 January 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:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

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

4 years straight line

 

Payneless Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 17 January 2023 to 31 January 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

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

 

Payneless Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 17 January 2023 to 31 January 2024

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

Additions

1,324

1,324

At 31 January 2024

1,324

1,324

Depreciation

Charge for the period

331

331

At 31 January 2024

331

331

Carrying amount

At 31 January 2024

993

993

5

Debtors

Current

2024
£

Other debtors

33

 

33

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

23,437

Other creditors

2,028

25,465

7

Related party transactions

Other transactions with the director

During the year Mr. J Payne (Director) had a loan with the company. At the end of the year the amount owed by Mr. J Payne was £33.