Company Registration No. 07264247 (England and Wales)
PJ RHODES CONSULTANCY LIMITED
Unaudited accounts
for the year ended 31 May 2020
PJ RHODES CONSULTANCY LIMITED
Unaudited accounts
Contents
PJ RHODES CONSULTANCY LIMITED
Company Information
for the year ended 31 May 2020
Company Number
07264247 (England and Wales)
Registered Office
8 Winthorpe Road
Doddington Park
Lincoln
Lincolnshire
LN6 3PG
Accountants
M D Darby ACPA, CPAA, FIAB, ACCA/CertIFR, IFRS, IPSAS, IA
Alchemy AAA Certified Public Accountants
Big Barn, East Farm, Atterby,
Market Rasen
Lincolnshire
LN8 2BJ
PJ RHODES CONSULTANCY LIMITED
Statement of financial position
as at
31 May 2020
Tangible assets
15,876
19,845
Cash at bank and in hand
1,241
8,607
Creditors: amounts falling due within one year
(15,221)
(25,471)
Net current liabilities
(13,980)
(13,888)
Total assets less current liabilities
1,896
5,957
Provisions for liabilities
Deferred tax
(3,770)
(3,770)
Net (liabilities)/assets
(1,874)
2,187
Called up share capital
1
1
Profit and loss account
(1,875)
2,186
Shareholders' funds
(1,874)
2,187
For the year ending 31 May 2020 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 June 2020 and were signed on its behalf by
Phillip Rhodes
Director
Company Registration No. 07264247
PJ RHODES CONSULTANCY LIMITED
Notes to the Accounts
for the year ended 31 May 2020
PJ RHODES CONSULTANCY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07264247. The registered office is 8 Winthorpe Road, Doddington Park, Lincoln, Lincolnshire, LN6 3PG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing balance
Computer equipment
20% Reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Charge for the year
3,969
PJ RHODES CONSULTANCY LIMITED
Notes to the Accounts
for the year ended 31 May 2020
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
1,034
1,518
Loans from directors
13,377
23,209
7
Deferred taxation
2020
2019
Accelerated capital allowances
3,770
3,770
Provision at start of year
3,770
-
Charged to the profit and loss account
-
3,770
Provision at end of year
3,770
3,770
8
Share capital
2020
2019
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Capital commitments
2020
2019
No capital commitments have been made at: 11/06/2018
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Unsecured Loan to the Company
23,209
-
9,832
13,377
The director is prepared to continue supporting the company until positive cash flow is achieved
11
Average number of employees
During the year the average number of employees was 1 (2019: 1).