ACCOUNTS - Final Accounts preparation

PEWLEY CONSULTING LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-09-302017-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activityfalse2016-09-09 10368104 2016-09-08 10368104 2016-09-09 2017-09-30 10368104 2017-09-30 10368104 c:Director1 2016-09-09 2017-09-30 10368104 c:Director1 2017-09-30 10368104 c:Director2 2016-09-09 2017-09-30 10368104 c:Director2 2017-09-30 10368104 c:RegisteredOffice 2016-09-09 2017-09-30 10368104 d:ComputerEquipment 2016-09-09 2017-09-30 10368104 d:ComputerEquipment 2017-09-30 10368104 d:ComputerEquipment d:OwnedOrFreeholdAssets 2016-09-09 2017-09-30 10368104 d:CurrentFinancialInstruments 2017-09-30 10368104 d:CurrentFinancialInstruments d:WithinOneYear 2017-09-30 10368104 d:ShareCapital 2017-09-30 10368104 d:RetainedEarningsAccumulatedLosses 2017-09-30 10368104 c:FRS102 2016-09-09 2017-09-30 10368104 c:AuditExempt-NoAccountantsReport 2016-09-09 2017-09-30 10368104 c:FullAccounts 2016-09-09 2017-09-30 10368104 c:PrivateLimitedCompanyLtd 2016-09-09 2017-09-30 iso4217:GBP xbrli:pure

Company registration number: 10368104

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE PERIOD ENDED 30 SEPTEMBER 2017

	PEWLEY CONSULTING LIMITED


PEWLEY CONSULTING LIMITED

COMPANY INFORMATION

Directors	C C Swaine (appointed 9 September 2016)
	S E Swaine (appointed 9 September 2016)


Registered number	10368104


Registered office	Ashcombe House
	5 The Crescent
	Leatherhead
	Surrey
	KT22 8DY


Accountants	Menzies LLP
	Chartered Accountants
	Victoria House
	50-58 Victoria Road
	Farnborough
	Hampshire
	GU14 7PG


PEWLEY CONSULTING LIMITED

CONTENTS

	Page
Statement of financial position	1
Notes to the financial statements	2 - 5


PEWLEY CONSULTING LIMITED REGISTERED NUMBER:10368104

STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2017

		2017
Note		£

Fixed assets
Tangible assets	4		250
			250
Current assets
Debtors: amounts falling due within one year	5	27,113
Cash at bank and in hand		92,301
		119,414
Creditors: amounts falling due within one year	6	(32,908)
Net current assets			86,506
Total assets less current liabilities			86,756
Provisions for liabilities
Deferred tax		(43)
			(43)
Net assets			86,713

Capital and reserves
Called up, issued & fully share capital			100
Profit and loss account			86,613
			86,713

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 June 2018.

C C Swaine

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1


PEWLEY CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2017

1.	General information

Pewley Consulting Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office and principal place of business is disclosed on the company information page. The company was incorporated and commenced trading on the 9 September 2016.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added tax and trade discounts.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis:.

Depreciation is provided on the following basis:

Computer equipment

33%

Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Profit and Loss Account.

Page 2


PEWLEY CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2017

2.Accounting policies (continued)

2.6

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of income and retained earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of financial position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

2.7

Current and deferred taxation

The tax expense for the Period comprises current and deferred tax. Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of financial position date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Employees

The average monthly number of employees, including directors, during the Period was 1.

Page 3


PEWLEY CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2017

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	Additions	373
	At 30 September 2017	373
	Depreciation
	Charge for the Period on owned assets	123
	At 30 September 2017	123
	Net book value
	At 30 September 2017	250

Debtors

					2017
					£


	Trade debtors	27,113
		27,113

6.	Creditors: Amounts falling due within one year
		2017
		£

	Corporation tax	20,982
	Other taxation and social security	4,358
	Other creditors	5,503
	Accruals and deferred income	2,065
		32,908

Page 4


PEWLEY CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2017

7.	Deferred taxation

		2017
		£

	Charged to profit or loss	(43)
	At end of year	(43)

	The deferred taxation balance is made up as follows:
					2017
					£

	Accelerated capital allowances	(43)
		(43)

Page 5