Registered number
14262068
Applied PM Consultancy Ltd
Filleted Accounts
31 July 2024
Applied PM Consultancy Ltd
Registered number: 14262068
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,691 3,315
Current assets
Debtors 4 47,825 39,479
Cash at bank and in hand 44,816 17,908
92,641 57,387
Creditors: amounts falling due within one year 5 (43,013) (29,592)
Net current assets 49,628 27,795
Net assets 54,319 31,110
Capital and reserves
Called up share capital 100 100
Profit and loss account 54,219 31,010
Shareholders' funds 54,319 31,110
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J R Stoackley
Director
Approved by the board on 28 April 2025
Applied PM Consultancy Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and equipment 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 4,142
Additions 2,552
At 31 July 2024 6,694
Depreciation
At 1 August 2023 827
Charge for the year 1,176
At 31 July 2024 2,003
Net book value
At 31 July 2024 4,691
At 31 July 2023 3,315
4 Debtors 2024 2023
£ £
Trade debtors 37,740 39,350
Other debtors 10,085 129
47,825 39,479
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 41,888 27,728
Other creditors 1,125 1,864
43,013 29,592
6 Other information
Applied PM Consultancy Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Demar House, 14 Church Road
East Wittering
Chichester
West Sussex
PO20 8PS
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