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REGISTERED NUMBER: 12671010 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PETER O'CONNELL CONSULTANCY SERVICES
LTD

PETER O'CONNELL CONSULTANCY SERVICES
LTD (REGISTERED NUMBER: 12671010)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PETER O'CONNELL CONSULTANCY SERVICES
LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P J O'Connell
J A O'Connell





REGISTERED OFFICE: 7 Silver Street
Lyme Regis
Dorset
DT7 3HR





REGISTERED NUMBER: 12671010 (England and Wales)





ACCOUNTANTS: Skingle Helps & Co
28 Southway
Carshalton Beeches
Surrey
SM5 4HW

PETER O'CONNELL CONSULTANCY SERVICES
LTD (REGISTERED NUMBER: 12671010)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,705 43,607

CURRENT ASSETS
Debtors 5 4,712 11,821
Cash at bank 15,210 7,292
19,922 19,113
CREDITORS
Amounts falling due within one year 6 8,159 9,355
NET CURRENT ASSETS 11,763 9,758
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,468

53,365

CREDITORS
Amounts falling due after more than one
year

7

(29,766

)

(36,313

)

PROVISIONS FOR LIABILITIES 8 (3,397 ) (6,461 )
NET ASSETS 11,305 10,591

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 11,304 10,590
SHAREHOLDERS' FUNDS 11,305 10,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:



P J O'Connell - Director


PETER O'CONNELL CONSULTANCY SERVICES
LTD (REGISTERED NUMBER: 12671010)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Peter O'Connell Consultancy Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. The directors have not identified any material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

PETER O'CONNELL CONSULTANCY SERVICES
LTD (REGISTERED NUMBER: 12671010)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at the transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short-term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 59,380
DEPRECIATION
At 1 April 2023 15,773
Charge for year 10,902
At 31 March 2024 26,675
NET BOOK VALUE
At 31 March 2024 32,705
At 31 March 2023 43,607

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 7,035
Other debtors 4,712 4,786
4,712 11,821

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,547 6,364
Taxation and social security 164 -
Other creditors 1,448 2,991
8,159 9,355

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 29,766 36,313

PETER O'CONNELL CONSULTANCY SERVICES
LTD (REGISTERED NUMBER: 12671010)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,397 6,461

Deferred
tax
£   
Balance at 1 April 2023 6,461
Provided during year (3,064 )
Balance at 31 March 2024 3,397

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
P J O'Connell
Balance outstanding at start of year 74 -
Amounts advanced - 74
Amounts repaid (74 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 74

The above loan was fully repaid to the company on 20 September 2023.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P J O'Connell.