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REGISTERED NUMBER: 13175493 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

PJ Red Consulting Limited

PJ Red Consulting Limited (Registered number: 13175493)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

PJ Red Consulting Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: P J Redmond





REGISTERED OFFICE: Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD





REGISTERED NUMBER: 13175493 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

PJ Red Consulting Limited (Registered number: 13175493)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 34,073 2,288

CURRENT ASSETS
Debtors 5 62,420 32,469
Cash at bank 25,437 15,306
87,857 47,775
CREDITORS
Amounts falling due within one year 6 (36,919 ) (34,700 )
NET CURRENT ASSETS 50,938 13,075
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,011

15,363

CREDITORS
Amounts falling due after more than one
year

7

(20,990

)

-
NET ASSETS 64,021 15,363

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 64,019 15,361
SHAREHOLDERS' FUNDS 64,021 15,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PJ Red Consulting Limited (Registered number: 13175493)

Balance Sheet - continued
29 February 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 November 2024 and were signed by:





P J Redmond - Director


PJ Red Consulting Limited (Registered number: 13175493)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

PJ Red Consulting Limited 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.

Turnover
Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

PJ Red Consulting Limited (Registered number: 13175493)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 534 - 2,322 2,856
Additions - 35,025 1,477 36,502
At 29 February 2024 534 35,025 3,799 39,358
DEPRECIATION
At 1 March 2023 187 - 381 568
Charge for year 107 3,940 670 4,717
At 29 February 2024 294 3,940 1,051 5,285
NET BOOK VALUE
At 29 February 2024 240 31,085 2,748 34,073
At 28 February 2023 347 - 1,941 2,288

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 35,025
At 29 February 2024 35,025
DEPRECIATION
Charge for year 3,940
At 29 February 2024 3,940
NET BOOK VALUE
At 29 February 2024 31,085

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,753 19,117
Other debtors 39,667 13,352
62,420 32,469

PJ Red Consulting Limited (Registered number: 13175493)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,932 -
Trade creditors 420 234
Taxation and social security 31,782 33,701
Other creditors 785 765
36,919 34,700

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 20,990 -

8. CALLED UP SHARE CAPITAL

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

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
P J Redmond
Balance outstanding at start of year 102 (832 )
Amounts advanced 39,565 934
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,667 102

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
PJ Red Consulting Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PJ Red Consulting Limited for the year ended 29 February 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of PJ Red Consulting Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PJ Red Consulting Limited and state those matters that we have agreed to state to the director of PJ Red Consulting Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PJ Red Consulting Limited and its director for our work or for this report.

It is your duty to ensure that PJ Red Consulting Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PJ Red Consulting Limited. You consider that PJ Red 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 financial statements of PJ Red 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 financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


13 November 2024