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REGISTERED NUMBER: 09148001 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Preen Consulting Limited

Preen Consulting Limited (Registered number: 09148001)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Preen Consulting Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr M D Preen
Mrs M S Preen





SECRETARY: Mrs M S Preen





REGISTERED OFFICE: 10 Higher Rads End
Eversholt
Milton Keynes
MK17 9ED





REGISTERED NUMBER: 09148001 (England and Wales)





ACCOUNTANTS: Godfrey Laws & Co Limited
65 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

Preen Consulting Limited (Registered number: 09148001)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,395 853
Investments 5 9,853 -
42,248 853

CURRENT ASSETS
Debtors 6 21,955 26,231
Cash at bank 25,488 56,480
47,443 82,711
CREDITORS
Amounts falling due within one year 7 29,391 40,506
NET CURRENT ASSETS 18,052 42,205
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,300

43,058

CREDITORS
Amounts falling due after more than one year 8 (20,689 ) -

PROVISIONS FOR LIABILITIES (883 ) -
NET ASSETS 38,728 43,058

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 38,726 43,056
38,728 43,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Preen Consulting Limited (Registered number: 09148001)

Balance Sheet - continued
31 July 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





Mr M D Preen - Director


Preen Consulting Limited (Registered number: 09148001)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Preen Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% and 33% on cost
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Preen Consulting Limited (Registered number: 09148001)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company contributes to the employees' SIPPs. Contributions payable to the SIPP pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Fixed asset investments relate to an investment in a listed or unlisted entity which is stated at cost less impairment. At each balance sheet date, the investment is assessed for indicators of impairment and where there are indicators of impairment, recoverable amount is assessed. If recoverable amount is less than carrying amount, the investment is written down to recoverable amount by way of an impairment loss which is recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 4,521
Additions 35,200
At 31 July 2024 39,721
DEPRECIATION
At 1 August 2023 3,668
Charge for year 3,658
At 31 July 2024 7,326
NET BOOK VALUE
At 31 July 2024 32,395
At 31 July 2023 853

Preen Consulting Limited (Registered number: 09148001)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 35,200
At 31 July 2024 35,200
DEPRECIATION
Charge for year 2,933
At 31 July 2024 2,933
NET BOOK VALUE
At 31 July 2024 32,267

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
Additions 9,997
Revaluations (144 )
At 31 July 2024 9,853
NET BOOK VALUE
At 31 July 2024 9,853

Cost or valuation at 31 July 2024 is represented by:

Listed
investments
£   
Valuation in 2024 9,853

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 21,060 25,500
Directors' current accounts 895 731
21,955 26,231

Preen Consulting Limited (Registered number: 09148001)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 2,627 -
Tax 18,352 29,487
Social security and other taxes (2 ) (2 )
VAT 7,302 9,910
Accrued expenses 1,112 1,111
29,391 40,506

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 20,689 -

9. ULTIMATE CONTROLLING PARTY

Mr M D Preen and Mrs M S Preen jointly share control by virtue of their equal shareholding.