Registered number
15141166
P Fox Consultancy Limited
Unaudited Filleted Accounts
30 June 2024
P Fox Consultancy Limited
Registered number: 15141166
Balance Sheet
as at 30 June 2024
Notes 2024
£
Current assets
Debtors 3 22,424
Cash at bank and in hand 56,562
78,986
Creditors: amounts falling due within one year 4 (39,198)
Net current assets 39,788
Net assets 39,788
Capital and reserves
Called up share capital 100
Profit and loss account 39,688
Shareholders' funds 39,788
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.
C E Fox
Director
Approved by the board on 9 December 2024
P Fox Consultancy Limited
Notes to the Accounts
for the period from 15 September 2023 to 30 June 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 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
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. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024
Number
Average number of persons employed by the company 2
3 Debtors 2024
£
Trade debtors 22,424
4 Creditors: amounts falling due within one year 2024
£
Taxation and social security costs 38,038
Other creditors 1,160
39,198
5 Other information
P Fox Consultancy Limited is a private company limited by shares and incorporated in England. Its registered office is:
6a Little Aston Lane
Little Aston
Sutton Coldfield
B74 3UF
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