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
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
The Practical CISO Limited
Statement of financial position
as at 30 June 2024
Tangible assets
50,162
4,283
Cash at bank and in hand
188,602
209,467
Creditors: amounts falling due within one year
(62,571)
(53,993)
Net current assets
297,931
321,380
Net assets
348,093
325,663
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
The Practical CISO Limited
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
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
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 distributed to the company's shareholders are recognised in the financial statements in the reporting period in which the dividends are declared.
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
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
At 30 June 2024
47,442
883
1,837
50,162
At 30 June 2023
-
1,589
2,694
4,283
Amounts falling due within one year
Trade debtors
28,800
12,960
Accrued income and prepayments
8,100
17,946
Amounts falling due after more than one year
Other debtors
135,000
135,000
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
43,864
41,998
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
1 A Ordinary shares of £1 each
1
1
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.
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).