Paul Dudley Consulting Limited 13340829 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is consultancy to confectionery producers Digita Accounts Production Advanced 6.30.9574.0 true true 13340829 2023-05-01 2024-04-30 13340829 2024-04-30 13340829 core:CurrentFinancialInstruments 2024-04-30 13340829 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 13340829 core:FurnitureFittingsToolsEquipment 2024-04-30 13340829 bus:SmallEntities 2023-05-01 2024-04-30 13340829 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 13340829 bus:FilletedAccounts 2023-05-01 2024-04-30 13340829 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 13340829 bus:RegisteredOffice 2023-05-01 2024-04-30 13340829 bus:Director1 2023-05-01 2024-04-30 13340829 bus:Director2 2023-05-01 2024-04-30 13340829 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13340829 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 13340829 core:OfficeEquipment 2023-05-01 2024-04-30 13340829 countries:EnglandWales 2023-05-01 2024-04-30 13340829 2023-04-30 13340829 core:FurnitureFittingsToolsEquipment 2023-04-30 13340829 2022-05-01 2023-04-30 13340829 2023-04-30 13340829 core:CurrentFinancialInstruments 2023-04-30 13340829 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 13340829 core:FurnitureFittingsToolsEquipment 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 13340829

Paul Dudley Consulting Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2024

 

Paul Dudley Consulting Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

Paul Dudley Consulting Limited

Company Information

Directors

Mr P Dudley

Mrs Anita Dudley

Registered office

Stowegate House
Lombard Street
Lichfield
Staffs
WS13 6DP

Accountants

David Evans & Co Limited
Stowegate House
Lombard Street
Lichfield
Staffs
WS13 6DP

 

Paul Dudley Consulting Limited

(Registration number: 13340829)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,647

2,009

Current assets

 

Stocks

5

-

886

Debtors

8,060

(6)

Cash at bank and in hand

 

39,786

39,925

 

47,846

40,805

Creditors: Amounts falling due within one year

(19,881)

(14,153)

Net current assets

 

27,965

26,652

Total assets less current liabilities

 

29,612

28,661

Accruals and deferred income

 

(7,230)

(6,000)

Net assets

 

22,382

22,661

Capital and reserves

 

Called up share capital

100

100

Retained earnings

22,282

22,561

Shareholders' funds

 

22,382

22,661

For the financial year ending 30 April 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Paul Dudley Consulting Limited

(Registration number: 13340829)
Abridged Balance Sheet as at 30 April 2024

Approved and authorised by the Board on 8 November 2024 and signed on its behalf by:
 

.........................................
Mr P Dudley
Director

 

Paul Dudley Consulting Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 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:
Stowegate House
Lombard Street
Lichfield
Staffs
WS13 6DP

The principal place of business is:
45 Bulkington Lane
Nuneaton
Warwickshire
CV11 4SP

These financial statements were authorised for issue by the Board on 8 November 2024.

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 abridged 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 abridged 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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Paul Dudley Consulting Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

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% per annum

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.

Trade debtors

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

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Paul Dudley Consulting Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

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.

3

Staff numbers

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

 

Paul Dudley Consulting Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

3,005

3,005

Additions

299

299

At 30 April 2024

3,304

3,304

Depreciation

At 1 May 2023

996

996

Charge for the year

661

661

At 30 April 2024

1,657

1,657

Carrying amount

At 30 April 2024

1,647

1,647

At 30 April 2023

2,009

2,009

5

Stocks

2024
£

2023
£

Work in progress

-

886