Company registration number 07518190 (England and Wales)
PAULA SUMMERS CONSULTING LTD (FORMERLY PAULA WILLS CONSULTING LIMITED)
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
PAULA SUMMERS CONSULTING LTD (FORMERLY PAULA WILLS CONSULTING LIMITED)
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
PAULA SUMMERS CONSULTING LTD (FORMERLY PAULA WILLS CONSULTING LIMITED)
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
4
11,404
11,007
Cash at bank and in hand
1,069
2,912
12,473
13,919
Creditors: amounts falling due within one year
5
(3,522)
(5,343)
Net current assets
8,951
8,576
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
8,851
8,476
Total equity
8,951
8,576

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 2 October 2025
Mrs P Summers
Director
Company registration number 07518190 (England and Wales)
PAULA SUMMERS CONSULTING LTD (FORMERLY PAULA WILLS CONSULTING LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Paula Summers Consulting Ltd (formerly Paula Wills Consulting Limited) is a private company limited by shares incorporated in England and Wales. The registered office is 136 Todd Lane North, Lostock Hall, Preston, England, PR5 5UN.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue from training and consultancy is recognised when the service is delivered, revenue is stated net of value added tax.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
33% Straight Line
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

PAULA SUMMERS CONSULTING LTD (FORMERLY PAULA WILLS CONSULTING LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Tangible fixed assets
Computer equipment
£
Cost
At 1 April 2024 and 31 March 2025
197
Depreciation and impairment
At 1 April 2024 and 31 March 2025
197
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
2,775
3,079
Other debtors
8,629
7,928
11,404
11,007
5
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
1,923
3,858
Other creditors
1,599
1,485
3,522
5,343
6
Directors' transactions

The loan is unsecured, interest free and repayable on demand. All the figures are disclosed on an aggregate basis. The loan was repaid shortly after the year end.

PAULA SUMMERS CONSULTING LTD (FORMERLY PAULA WILLS CONSULTING LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
6
Directors' transactions
(Continued)
- 4 -
2025
Opening balance
Amounts advanced
Amounts repaid
Closing balance
Paula Summers
£
£
£
£
Director loan acocunt
-
7,928
21,882
(21,181)
8,629
7,928
21,882
(21,181)
8,629
2024
Opening balance
Amounts advanced
Amounts repaid
Closing balance
Paula Summers
£
£
£
£
Director loan acocunt
-
-
7,928
-
7,928
-
7,928
-
7,928
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