Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-31false2023-11-01false2trueNo description of principal activity2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12395215 2023-11-01 2024-10-31 12395215 2022-11-01 2023-10-31 12395215 2024-10-31 12395215 2023-10-31 12395215 c:Director2 2023-11-01 2024-10-31 12395215 d:CurrentFinancialInstruments 2024-10-31 12395215 d:CurrentFinancialInstruments 2023-10-31 12395215 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 12395215 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12395215 d:ShareCapital 2024-10-31 12395215 d:ShareCapital 2023-10-31 12395215 d:RetainedEarningsAccumulatedLosses 2024-10-31 12395215 d:RetainedEarningsAccumulatedLosses 2023-10-31 12395215 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-10-31 12395215 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-10-31 12395215 c:OrdinaryShareClass1 2023-11-01 2024-10-31 12395215 c:OrdinaryShareClass1 2024-10-31 12395215 c:OrdinaryShareClass1 2023-10-31 12395215 c:FRS102 2023-11-01 2024-10-31 12395215 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12395215 c:FullAccounts 2023-11-01 2024-10-31 12395215 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12395215 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12395215










PASLEY CONSULTING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
PASLEY CONSULTING LIMITED
REGISTERED NUMBER: 12395215

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
25,000
-

Cash at bank and in hand
  
6,140
516

Current liabilities
  
31,140
516

Creditors: amounts falling due within one year
 5 
(39,488)
(26,607)

Net current liabilities
  
 
 
(8,348)
 
 
(26,091)

Total assets less current liabilities
  
(8,348)
(26,091)

  

Net liabilities
  
(8,348)
(26,091)


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
(8,349)
(26,092)

  
(8,348)
(26,091)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R K S Pasley
Director
Date: 18 February 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
PASLEY CONSULTING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Pasley Consulting Limited is a private company limited by shares and incorporated in England & Wales. The address of its registered office is 102 Banbury Road, Oxford, Oxfordshire, OX2 6JU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

As shown by the financial statements the liabilities of the company exceed its assets and the company meets its day to day working capital requirements through financial support from its directors. Loans from directors to the company will not be called in until the company has sufficient funds to repay. On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable during the year for services, excluding discounts, rebates, value added tax and other sales taxes.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 2

 
PASLEY CONSULTING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.



3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 3

 
PASLEY CONSULTING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Debtors

2024
2023
£
£


Trade debtors
25,000
-



5.


Creditors: amounts falling due within one year

2024
2023
£
£

Other creditors
37,338
26,607

Accruals and deferred income
2,150
-



6.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
6,140
516




Financial assets measured at fair value through profit or loss comprise...


7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary Share shares of £0.01 each
1
1



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £140,000 (2023: £nil).
No contributions were outstanding in the current or prior year.


9.


Related party transactions

At the balance sheet date the directors were owed £37,338 (2023: £26,607).


Page 4