Registered number
09602305
Pritchard Consulting Services Ltd
Filleted Accounts
31 May 2024
Pritchard Consulting Services Ltd
Registered number: 09602305
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 528 391
Current assets
Debtors 4 292,010 260,952
Cash at bank and in hand 25,068 76,564
317,078 337,516
Creditors: amounts falling due within one year 5 (31,302) (37,334)
Net current assets 285,776 300,182
Total assets less current liabilities 286,304 300,573
Creditors: amounts falling due after more than one year 6 (20,000) (24,000)
Net assets 266,304 276,573
Capital and reserves
Called up share capital 2 2
Profit and loss account 266,302 276,571
Shareholders' funds 266,304 276,573
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Oliver Pritchard
Director
Approved by the board on 26 November 2024
Pritchard Consulting Services Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, on a reducing balance basis.
Office equipment 50%
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 2,388
Additions 666
At 31 May 2024 3,054
Depreciation
At 1 June 2023 1,997
Charge for the year 529
At 31 May 2024 2,526
Net book value
At 31 May 2024 528
At 31 May 2023 391
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 272,020 241,206
Other debtors 19,990 19,746
292,010 260,952
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,000 4,000
Taxation and social security costs 27,302 33,334
31,302 37,334
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 20,000 24,000
7 Other information
Pritchard Consulting Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 7 Telford Court
Chestergates
Chester
CH1 6LT
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