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Company Registration No. 10243165 (England and Wales)
The Practical CISO Limited Unaudited accounts for the year ended 30 June 2024
The Practical CISO Limited Unaudited accounts Contents
Page
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The Practical CISO Limited Company Information for the year ended 30 June 2024
Directors
Charlie Trimmings Katherine Trimmings
Company Number
10243165 (England and Wales)
Registered Office
c/o Anumerate, Office 2.05 Clockwise, Old Town Hall, 30 Tweedy Road Bromley BR1 3FE United Kingdom
Accountants
Anumerate Limited Office 2.05, Clockwise Old Town Hall 30 Tweedy Road Bromley BR13FE
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The Practical CISO Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
50,162 
4,283 
Current assets
Debtors
171,900 
165,906 
Cash at bank and in hand
188,602 
209,467 
360,502 
375,373 
Creditors: amounts falling due within one year
(62,571)
(53,993)
Net current assets
297,931 
321,380 
Net assets
348,093 
325,663 
Capital and reserves
Called up share capital
101 
101 
Profit and loss account
347,992 
325,562 
Shareholders' funds
348,093 
325,663 
For the year ending 30 June 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 January 2025 and were signed on its behalf by
Charlie Trimmings Director Company Registration No. 10243165
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The Practical CISO Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
The Practical CISO Limited is a private company, limited by shares, registered in England and Wales, registration number 10243165. The registered office is c/o Anumerate, Office 2.05, Clockwise, Old Town Hall, 30 Tweedy Road, Bromley, BR1 3FE, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Motor vehicles
20% over a straight-line basis
Fixtures & fittings
25% over a straight-line basis
Computer equipment
25% over a straight-line basis
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised based on the time incurred.
Dividends
Dividends distributed to the company's shareholders are recognised in the financial statements in the reporting period in which the dividends are declared.
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The Practical CISO Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
- 
4,237 
3,427 
7,664 
Additions
59,282 
- 
- 
59,282 
At 30 June 2024
59,282 
4,237 
3,427 
66,946 
Depreciation
At 1 July 2023
- 
2,648 
733 
3,381 
Charge for the year
11,840 
706 
857 
13,403 
At 30 June 2024
11,840 
3,354 
1,590 
16,784 
Net book value
At 30 June 2024
47,442 
883 
1,837 
50,162 
At 30 June 2023
- 
1,589 
2,694 
4,283 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
28,800 
12,960 
Accrued income and prepayments
8,100 
17,946 
36,900 
30,906 
Amounts falling due after more than one year
Other debtors
135,000 
135,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
13,160 
10,047 
Trade creditors
266 
126 
Taxes and social security
43,864 
41,998 
Other creditors
3,180 
- 
Accruals
2,101 
1,822 
62,571 
53,993 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
1 A Ordinary shares of £1 each
1 
1 
101 
101 
8
Transactions with related parties
Other debtors due after more than one year represents loans made to 2 Me 2 You Limited, a company that has a Director in common with The Practical Ciso Ltd. The loans are secured by immovable property held within thecompany, interest-free and with no fixed terms of repayment.
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The Practical CISO Limited Notes to the Accounts for the year ended 30 June 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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