PT Professional Consultancy Services Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10261215 (England and Wales)

PT Professional Consultancy Services Ltd

Unaudited Financial Statements

for the Year Ended 31 July 2023

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P J Tucker

Mrs C L Tucker

REGISTERED OFFICE:

4 King Square

BRIDGWATER

Somerset

TA6 3YF

REGISTERED NUMBER:

10261215 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

Lloyds Bank plc

63 High Street

Dudley

West Midlands

DY1 1PY

CURRENT ASSETS

Debtors

14,529

751

Cash at bank

62,122

75,256

76,651

76,007

CREDITORS

Amounts falling due within one year

14,577

17,138

NET CURRENT ASSETS

62,074

58,869

TOTAL ASSETS LESS CURRENT LIABILITIES

62,074

58,869

CREDITORS

Amounts falling due after more than one year

5,500

8,500

NET ASSETS

56,574

50,369

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

56,474

50,269

SHAREHOLDERS' FUNDS

56,574

50,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 January 2024 and were signed on its behalf by:

P J Tucker - Director

1.	STATUTORY INFORMATION

PT Professional Consultancy Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2022

and 31 July 2023

798

DEPRECIATION

At 1 August 2022

and 31 July 2023

798

NET BOOK VALUE

At 31 July 2023

-

At 31 July 2022

-

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.23

31.7.22

£

£

Bank loans

8,500

11,500

The loan is a government backed bounce back loan.

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23

31.7.22

£

£

P J Tucker

Balance outstanding at start of year

(3,706

)

5,325

Amounts repaid

-

(9,031

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(866

)

(3,706

)