PT Consulting Sw Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14424860

		31 October 2023
	Notes	£	£
FIXED ASSETS
Tangible Assets	5		6,509

			6,509
CURRENT ASSETS
Debtors	6	7,774

		7,774
Creditors: Amounts Falling Due Within One Year	7	(30,057 )

NET CURRENT ASSETS (LIABILITIES)			(22,283 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(15,774 )

Creditors: Amounts Falling Due After More Than One Year	8		(8,300 )

NET LIABILITIES			(24,074 )

CAPITAL AND RESERVES
Called up share capital	9		2
Profit and Loss Account			(24,076 )

SHAREHOLDERS' FUNDS			(24,074)

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PT Consulting Sw Ltd

Balance Sheet (continued)

As At 31 October 2023

For the period ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Benjamin Lewis Director	Mr George Robinson Director	Miss Sophie Whitlock Director
23 October 2026

The notes on pages 3 to 5 form part of these financial statements.

1. Revision by Replacement

The financial statements for the period ended 31 October 2023 have been revised.

These financial statements:

replace the original financial statements;
are now the statutory financial statements;
have been prepared as at the date of the original financial statements, and not as at the date of the revision and accordingly do not deal with events between those dates.

On review the Directors consider that the original accounts did not show a true and fair view.

The accounts have been recompleted in full as original accounts were materially misstated.

2. General Information

PT Consulting Sw Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14424860 . The registered office is Unit 5 Kestrel Way, Sowton Industrial Estate, Exeter, EX2 7JS.

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

3.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Reducing Balance
Computer Equipment	33% Straight Line

3.5. Financial Instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

3.6. Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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PT Consulting Sw Ltd

Notes to the Financial Statements (continued)

For the Period 17 October 2022 to 31 October 2023

4. Average Number of Employees

Average number of employees, including directors, during the period was: 1

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 17 October 2022	-	-	-
Additions	8,040	116	8,156

As at 31 October 2023	8,040	116	8,156

Depreciation
As at 17 October 2022	-	-	-
Provided during the period	1,608	39	1,647

As at 31 October 2023	1,608	39	1,647

Net Book Value
As at 31 October 2023	6,432	77	6,509

As at 17 October 2022	-	-	-

6. Debtors

	31 October 2023
	£
Due within one year
Prepayments and accrued income	7,774

7. Creditors: Amounts Falling Due Within One Year

	31 October 2023
	£
Bank loans and overdrafts	6,203
Other taxes and social security	10,455
Accruals and deferred income	2,100
Directors' loan accounts	11,299

	30,057

8. Creditors: Amounts Falling Due After More Than One Year

	31 October 2023
	£
Bank loans	8,300

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PT Consulting Sw Ltd

Notes to the Financial Statements (continued)

For the Period 17 October 2022 to 31 October 2023

9. Share Capital

	31 October 2023
	£
Allotted, Called up and fully paid	2

On incorporation, 17 October 2022, 2 £1 ordinary share was issued at par value.

10. Related Party Transactions

At the year end, 31 October 2023, the company owed the directors £11,299 in respect of loans held with the company. These amounts are interest free and repayable on demand.

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