1 1 Pellomine Consulting Limited 02504681 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is Consultancy Digita Accounts Production Advanced 6.30.9574.0 true 02504681 2023-08-01 2024-07-31 02504681 2024-07-31 02504681 bus:Director1 1 2024-07-31 02504681 core:CurrentFinancialInstruments 2024-07-31 02504681 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 02504681 core:MotorVehicles 2024-07-31 02504681 core:OfficeEquipment 2024-07-31 02504681 core:PlantMachinery 2024-07-31 02504681 bus:SmallEntities 2023-08-01 2024-07-31 02504681 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 02504681 bus:FilletedAccounts 2023-08-01 2024-07-31 02504681 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 02504681 bus:RegisteredOffice 2023-08-01 2024-07-31 02504681 bus:Director1 2023-08-01 2024-07-31 02504681 bus:Director1 1 2023-08-01 2024-07-31 02504681 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 02504681 core:ComputerEquipment 2023-08-01 2024-07-31 02504681 core:MotorVehicles 2023-08-01 2024-07-31 02504681 core:OfficeEquipment 2023-08-01 2024-07-31 02504681 core:PlantMachinery 2023-08-01 2024-07-31 02504681 countries:AllCountries 2023-08-01 2024-07-31 02504681 2023-07-31 02504681 bus:Director1 1 2023-07-31 02504681 core:MotorVehicles 2023-07-31 02504681 core:OfficeEquipment 2023-07-31 02504681 core:PlantMachinery 2023-07-31 02504681 2022-08-01 2023-07-31 02504681 2023-07-31 02504681 core:CurrentFinancialInstruments 2023-07-31 02504681 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 02504681 core:MotorVehicles 2023-07-31 02504681 core:OfficeEquipment 2023-07-31 02504681 core:PlantMachinery 2023-07-31 xbrli:pure iso4217:GBP

Registration number: 02504681

Pellomine Consulting Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Pellomine Consulting Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

Pellomine Consulting Limited

(Registration number: 02504681)
Statement of Financial Position as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,405

388

Current assets

 

Debtors

5

2,054

8,043

Cash at bank and in hand

 

2,016

7,108

 

4,070

15,151

Creditors: Amounts falling due within one year

6

(2,353)

(2,830)

Net current assets

 

1,717

12,321

Net assets

 

4,122

12,709

Capital and reserves

 

Called up share capital

2

2

Retained earnings

4,120

12,707

Shareholders' funds

 

4,122

12,709

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 April 2025
 

.........................................
Mr Leslie Chiemeka
Director

   
     
 

Pellomine Consulting Limited

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

1

General information

The company is a private company limited by share capital, incorporated in Emgland and Wales.

The address of its registered office is:
C/o Beever and Struthers
One Express
1 George Leigh Street
Manchester
M4 5DL
England

These financial statements were authorised for issue by the director on 22 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Pellomine Consulting Limited

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

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machiinery

15% on Cost

Office equipment

15% on Cost

Computer Equipment

15% on Cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Pellomine Consulting Limited

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

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Pellomine Consulting Limited

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

4

Tangible assets

Plant and machinery
£

Office equipment
£

Computer Equipment
£

Total
£

Cost or valuation

At 1 August 2023

29,121

10,042

12,157

51,320

Additions

-

1,356

1,030

2,386

At 31 July 2024

29,121

11,398

13,187

53,706

Depreciation

At 1 August 2023

29,121

9,836

11,975

50,932

Charge for the year

-

158

211

369

At 31 July 2024

29,121

9,994

12,186

51,301

Carrying amount

At 31 July 2024

-

1,404

1,001

2,405

At 31 July 2023

-

206

182

388

5

Debtors

Current

2024
£

2023
£

Other debtors

2,054

8,043

 

2,054

8,043

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

549

608

Taxation and social security

654

1,222

Accruals and deferred income

1,150

1,000

2,353

2,830

 

Pellomine Consulting Limited

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

7

Related party transactions

Transactions with the director

2024

At 1 August 2023
£

Advances to director
£

Repayments by director
£

At 31 July 2024
£

Mr Leslie Chiemeka

Net advances in year interest free

7,985

2,053

(7,985)

2,053