Public Consulting Group UK Limited - Accounts to registrar (filleted) - small 18.2
Public Consulting Group UK Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 30 June 2019 |
| for |
| Public Consulting Group UK Limited |
| Public Consulting Group UK Limited (Registered number: 06654748) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Public Consulting Group UK Limited |
| Company Information |
| for the Year Ended 30 June 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants |
| Statutory Auditor |
| Hazlemere |
| 70 Chorley New Road |
| Bolton |
| Lancashire |
| BL1 4BY |
| Public Consulting Group UK Limited (Registered number: 06654748) |
| Balance Sheet |
| 30 June 2019 |
| 2019 | 2018 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Share premium | 11 |
| Contributed capital | 11 |
| Retained earnings | 11 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| Public Consulting Group UK Limited (Registered number: 06654748) |
| Balance Sheet - continued |
| 30 June 2019 |
| 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 on behalf by: |
| Public Consulting Group UK Limited (Registered number: 06654748) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2019 |
| 1. | STATUTORY INFORMATION |
| Public Consulting Group UK Limited is a |
| 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 |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of System Associates in 2015, is |
| now being amortised evenly over its estimated useful life of ten years. |
| Tangible fixed assets |
| Short leasehold | - |
| Computer equipment | - |
| Tangible fixed assets are included at cost less depreciation and impairment. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at fair value. |
| Trade and other receivables |
| Trade and other receivables are recognised initially at fair value. Subsequent to initial recognition, they |
| are measured at cost less impairment losses for bad and doubtful debts. |
| Cash and cash equivalents |
| Cash and cash equivalents comprise cash balances in hand and at bank. |
| Trade and other payables |
| Trade and other payables on normal terms are stated at their nominal value. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss |
| Account, 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. |
| Public Consulting Group UK Limited (Registered number: 06654748) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the |
| company's pension scheme are charged to profit or loss in the period to which they relate. |
| Turnover |
| Turnover represents amounts receivable exclusive of VAT for term subscriptions, setup fees and |
| support fees. |
| Term subscription income relates to the use of the company's platform software, recognised rateably |
| over the period. |
| Income from setup fees relates to the implementation of the platform software. This income is |
| recognised on installation. |
| Support fees income is from contracted levels of support over a set period, normally one year. This is |
| recognised rateably over the period. |
| Intangible fixed assets and amortisation |
| Intellectual property is included at cost less accumulated amortisation and accumulated impairment |
| loss, if any. Amortisation is calculated evenly over its estimated useful life of 4 years. |
| Going concern |
| The financial statements have been prepared on a going concern basis as the ultimate parent |
| undertaking, Public Consulting Group Inc has confirmed that it will continue to provide sufficient |
| financial resources to the group to allow it to meet its liabilities as they fall due for at least 12 months |
| from approval of the financial statements. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Public Consulting Group UK Limited (Registered number: 06654748) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2019 |
| 4. | INTANGIBLE FIXED ASSETS |
| Contracts |
| in |
| Goodwill | writing | Totals |
| £ | £ | £ |
| COST |
| At 1 July 2018 |
| and 30 June 2019 |
| AMORTISATION |
| At 1 July 2018 |
| Amortisation for year |
| At 30 June 2019 |
| NET BOOK VALUE |
| At 30 June 2019 |
| At 30 June 2018 |
| 5. | TANGIBLE FIXED ASSETS |
| Short | Computer |
| leasehold | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 July 2018 |
| Additions |
| At 30 June 2019 |
| DEPRECIATION |
| At 1 July 2018 |
| Charge for year |
| At 30 June 2019 |
| NET BOOK VALUE |
| At 30 June 2019 |
| At 30 June 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Tax |
| Public Consulting Group UK Limited (Registered number: 06654748) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2019 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Tax |
| Social security and other taxes |
| VAT | 2,420 | 2,268 |
| Accruals and deferred income |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Group company loans- 2-5 years | 2,894,522 | 2,782,154 |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2019 | 2018 |
| £ | £ |
| Within one year |
| Between one and five years |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary 1/3rd of a pence | £0.00 | 3333 | 200 | 200 |
| 11. | RESERVES |
| Retained | Share | Contributed |
| earnings | premium | capital | Totals |
| £ | £ | £ | £ |
| At 1 July 2018 | ( |
) | (2,079,811 | ) |
| Deficit for the year | ( |
) | ( |
) |
| Cash introduced | - | - | 379,535 | 379,535 |
| At 30 June 2019 | ( |
) | (2,129,726 | ) |
| 12. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| Public Consulting Group UK Limited (Registered number: 06654748) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2019 |
| 13. | ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY |
| The Company's immediate parent company is PCG UK Holdings Limited, a company incorporated in |
| the United Kingdom. The ultimate parent company is Public Consulting Group Inc., a company |
| incorporated in the United States of America. In the opinion of the Directors the ultimate controlling |
| party is William Mosakowski. |
| The registered office and that of it's principal place of business is 1 Smithy Court, Smithy Brook Road, |
| Wigan, WN3 6PS, England. |