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Company No: 11217310 (England and Wales)

IAIN PERCY CONSULTING LIMITED

Unaudited Financial Statements
For the financial year ended 27 February 2024
Pages for filing with the registrar

IAIN PERCY CONSULTING LIMITED

Unaudited Financial Statements

For the financial year ended 27 February 2024

Contents

IAIN PERCY CONSULTING LIMITED

BALANCE SHEET

As at 27 February 2024
IAIN PERCY CONSULTING LIMITED

BALANCE SHEET (continued)

As at 27 February 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 58,943 67,375
58,943 67,375
Current assets
Debtors 4 1,641 303
Cash at bank and in hand 62,797 223
64,438 526
Creditors: amounts falling due within one year 5 ( 11,725) ( 2,614)
Net current assets/(liabilities) 52,713 (2,088)
Total assets less current liabilities 111,656 65,287
Net assets 111,656 65,287
Capital and reserves
Called-up share capital 1 1
Profit and loss account 111,655 65,286
Total shareholder's funds 111,656 65,287

For the financial year ending 27 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Iain Percy Consulting Limited (registered number: 11217310) were approved and authorised for issue by the Director on 28 February 2024. They were signed on its behalf by:

I B Percy
Director
IAIN PERCY CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 27 February 2024
IAIN PERCY CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 27 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Iain Percy Consulting Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated gross of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Taxation

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings 25 % reducing balance
Vehicles 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Land and buildings Vehicles Total
£ £ £
Cost
At 28 February 2023 33,646 79,950 113,596
At 27 February 2024 33,646 79,950 113,596
Accumulated depreciation
At 28 February 2023 0 46,221 46,221
Charge for the financial year 0 8,432 8,432
At 27 February 2024 0 54,653 54,653
Net book value
At 27 February 2024 33,646 25,297 58,943
At 27 February 2023 33,646 33,729 67,375

4. Debtors

2024 2023
£ £
Other debtors 1,641 303

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 7,908 0
Other creditors 3,817 2,614
11,725 2,614

6. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Director's Loan Account (1,349) 246