Company Registration No. 10194158 (England and Wales)
Peconsult Ltd
Unaudited accounts
for the year ended 31 March 2024
Peconsult Ltd
Unaudited accounts
Contents
Peconsult Ltd
Company Information
for the year ended 31 March 2024
Directors
Mr P Emberson
Mrs K Emberson
Company Number
10194158 (England and Wales)
Registered Office
9 Evesham Road
Reigate
Surrey
RH2 9DF
England
Accountants
Stoic Gold Ltd
124 City Road
London
EC1V 2NX
Peconsult Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
6,143
6,141
Cash at bank and in hand
15,255
90,933
Creditors: amounts falling due within one year
(7,724)
(38,539)
Net current assets
8,028
96,095
Total assets less current liabilities
14,171
102,236
Creditors: amounts falling due after more than one year
(30,227)
(35,784)
Net (liabilities)/assets
(16,056)
66,452
Called up share capital
100
100
Profit and loss account
(16,156)
66,352
Shareholders' funds
(16,056)
66,452
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2024 and were signed on its behalf by
Mrs K Emberson
Director
Company Registration No. 10194158
Peconsult Ltd
Notes to the Accounts
for the year ended 31 March 2024
Peconsult Ltd is a private company, limited by shares, registered in England and Wales, registration number 10194158. The registered office is 9 Evesham Road, , Reigate, Surrey, RH2 9DF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Peconsult Ltd
Notes to the Accounts
for the year ended 31 March 2024
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
The accounts are presented in £ sterling.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Peconsult Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
15,963
3,017
18,980
At 31 March 2024
18,769
3,549
22,318
At 1 April 2023
11,835
1,004
12,839
Charge for the year
2,918
418
3,336
At 31 March 2024
14,753
1,422
16,175
At 31 March 2024
4,016
2,127
6,143
At 31 March 2023
4,128
2,013
6,141
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,618
7,679
Trade creditors
(121)
13,731
Taxes and social security
(273)
(273)
Loans from directors
-
586
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
The company was under the control of Mr P Emberson throughout the current year and prior year.
No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).