Polly Clarke Consulting Limited Filleted accounts for Companies House (small and micro)

POLLY CLARKE CONSULTING LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03441945

Polly Clarke Consulting Limited

Filleted Unaudited Financial Statements

30 September 2022

Polly Clarke Consulting Limited

Financial Statements

Year ended 30 September 2022

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Polly Clarke Consulting Limited

Statement of Financial Position

30 September 2022

	2022		2021
Note	£	£	£

Fixed assets

Tangible assets	4		3,526	2,607

Current assets

Debtors	5	482	348
Cash at bank and in hand		16,258	14,443
		--------	--------
		16,740	14,791

Creditors: amounts falling due within one year	6	4,524		4,682
		--------		--------
Net current assets			12,216	10,109
			--------	--------
Total assets less current liabilities			15,742	12,716

Provisions

Taxation including deferred tax	670	495
	--------	--------
Net assets	15,072	12,221
	--------	--------

Polly Clarke Consulting Limited

Statement of Financial Position (continued)

30 September 2022

	2022		2021
Note	£	£	£

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	14,072	11,221
	--------	--------
Shareholders funds	15,072	12,221
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

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

These financial statements were approved by the board of directors and authorised for issue on 3 November 2022 , and are signed on behalf of the board by:

J L Clarke	P Clarke
Director	Director

Company registration number: 03441945

Polly Clarke Consulting Limited

Notes to the Financial Statements

Year ended 30 September 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Midway House, Herrick Way, Staverton Technology Park, Staverton, Cheltenham, Gloucestershire, GL51 6TQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered in the period. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:

Office Furniture	-	15% per annum of reducing balance
Equipment	-	20% per annum of reducing balance

Impairment of fixed assets

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.

4. Tangible assets

	Office Furniture	Equipment	Total
	£	£	£
Cost
At 1 October 2021	3,715	4,329	8,044
Additions	–	1,672	1,672
Disposals	–	( 55)	( 55)
	-------	-------	-------
At 30 September 2022	3,715	5,946	9,661
	-------	-------	-------
Depreciation
At 1 October 2021	2,718	2,719	5,437
Charge for the year	150	596	746
Disposals	–	( 48)	( 48)
	-------	-------	-------
At 30 September 2022	2,868	3,267	6,135
	-------	-------	-------
Carrying amount
At 30 September 2022	847	2,679	3,526
	-------	-------	-------
At 30 September 2021	997	1,610	2,607
	-------	-------	-------

5. Debtors

	2022	2021
	£	£
Trade debtors	482	348
	----	----

6. Creditors: amounts falling due within one year

	2022	2021
	£	£
Social security and other taxes	3,660	3,726
Other creditors	864	956
	-------	-------
	4,524	4,682
	-------	-------

7. Directors' advances, credits and guarantees

During the year the company made various advances to the directors totalling £15,072 (2021 - £15,632) which were repaid in full prior to the end of the reporting period. No interest has been charged by the company on these advances.

8. Related party transactions

At the reporting date the company owed £21 (2021 - £188) to the directors on their current account with the company. No interest has been charged on this account.