Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-3102022-11-01falseNo description of principal activity0falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12264068 2022-11-01 2023-10-31 12264068 2021-11-01 2022-10-31 12264068 2023-10-31 12264068 2022-10-31 12264068 c:Director1 2022-11-01 2023-10-31 12264068 d:ComputerEquipment 2022-11-01 2023-10-31 12264068 d:ComputerEquipment 2023-10-31 12264068 d:ComputerEquipment 2022-10-31 12264068 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12264068 d:CurrentFinancialInstruments 2023-10-31 12264068 d:CurrentFinancialInstruments 2022-10-31 12264068 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12264068 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 12264068 d:ShareCapital 2023-10-31 12264068 d:ShareCapital 2022-10-31 12264068 d:RetainedEarningsAccumulatedLosses 2023-10-31 12264068 d:RetainedEarningsAccumulatedLosses 2022-10-31 12264068 c:FRS102 2022-11-01 2023-10-31 12264068 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12264068 c:FullAccounts 2022-11-01 2023-10-31 12264068 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12264068 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 12264068









PALLEY CONSULTING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
PALLEY CONSULTING LIMITED
REGISTERED NUMBER: 12264068

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
614
768

  
614
768

Current assets
  

Debtors: amounts falling due within one year
 5 
4
305

Cash at bank and in hand
 6 
226
174

  
230
479

Creditors: amounts falling due within one year
 7 
(16,972)
(13,756)

Net current liabilities
  
 
 
(16,742)
 
 
(13,277)

Total assets less current liabilities
  
(16,128)
(12,509)

  

Net liabilities
  
(16,128)
(12,509)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(16,228)
(12,609)

  
(16,128)
(12,509)


Page 1

 
PALLEY CONSULTING LIMITED
REGISTERED NUMBER: 12264068
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
E Palley
Director

Date: 30 October 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PALLEY CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Palley Consulting Limited is a private company limited by shares. The company is incorporated in England and Wales and its registered office is Aston House, Cornwall Avenue, N3 1LF. The registred number is 12264068.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

There is a deficit of assets over liabilities as at 31 October 2023. The directors consider it appropriate to prepare the financial statements on a going concern basis as the company retains the support of its creditors in meeting its day to day working capital requirements.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
PALLEY CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The Company has no employees.

Page 4

 
PALLEY CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 November 2022
1,500



At 31 October 2023

1,500



Depreciation


At 1 November 2022
732


Charge for the year on owned assets
154



At 31 October 2023

886



Net book value



At 31 October 2023
614



At 31 October 2022
768


5.


Debtors

2023
2022
£
£


Other debtors
4
305

4
305



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
226
174

226
174


Page 5

 
PALLEY CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
13,702
12,006

Accruals and deferred income
3,270
1,750

16,972
13,756


 
Page 6