(1) General Information
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The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Root Accountants, Sandown House, Wetherby, LS22 7DN. |
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(2) Statement of compliance
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These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime. |
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(3) Significant Accounting Policies
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Basis of Preparation
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The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise. |
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Investment
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The investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. |
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(4) Employees
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During the year, the average number of employees including director was 5 (2023 : 5). |
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(5) Investments
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| Subsidiary Undertakings | | £ | Cost | | As at 01 July 2023 | 48 | Additions | - | Disposals | - | As at 30 June 2024 | 48 | Impairment | | As at 30 June 2024 | - | Net book value | | As at 30 June 2024 | 48 | As at 30 June 2023 | 48 | |
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(6) Debtors
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Amounts falling due within one year
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| | | 2024 | | 2023 | | £ | | £ | | | | | | Other debtors | 19,642 | | 30,781 | | | | | | 19,642 | | 30,781 |
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(7) Creditors: Amounts falling due within one year
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| | | 2024 | | 2023 | | £ | | £ | | | | | | | | | | | | | | | | | | Other creditors | 35,776 | | 35,131 | Accruals and deferred income | 1,440 | | 1,440 | | 37,216 | | 36,571 |
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(8) Share capital
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| Alloted, called up and fully paid: | 2024 | | 2023 | | £ | | £ | | 150 (2023 : 150) Alloted, called up and fully paid of £ 1 each | 150 | | 150 | | 150 | | 150 | | | | Retained earnings | | | 2024 | | | | £ | At 1 July 2023 | | | 189,497 | Profit of the year | | | 499,102 | Dividends paid | | | (75,980) | At 30 June 2024 | | | 612,619 | |
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(9) Related party transactions
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PMA Consulting Services Ltd is related party by the virtue of having same directors and shareholders. The balance outstanding from this relating party was £19,642 (2023: £30,386) as on 30-Â06Â-2024. The related party loan is short term interest free loan which is repayable on demand. |
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