Company Registration No. 11330591 (England and Wales)
PENDRAGON CONSULTANCY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2020
PAGES FOR FILING WITH REGISTRAR
Sobell Rhodes LLP
The Kinetic Centre
Theobald Street
Elstree
Borehamwood
WD6 4PJ
PENDRAGON CONSULTANCY LTD
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8
PENDRAGON CONSULTANCY LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2020
30 September 2020
- 1 -
2020
2019
Notes
£
£
£
£
Fixed assets
Intangible assets
4
9,969
1,393
Tangible assets
5
12,320
27,195
22,289
28,588
Current assets
Debtors
6
1,314,607
373,628
Cash at bank and in hand
528,093
931,033
1,842,700
1,304,661
Creditors: amounts falling due within one year
7
(1,835,736)
(1,321,993)
Net current assets/(liabilities)
6,964
(17,332)
Total assets less current liabilities
29,253
11,256
Provisions for liabilities
(2,341)
(2,138)
Net assets
26,912
9,118
Capital and reserves
Called up share capital
8
100
1
Profit and loss reserves
26,812
9,117
Total equity
26,912
9,118
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial period ended 30 September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
PENDRAGON CONSULTANCY LTD
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2020
30 September 2020
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 30 June 2021
J De-Havilland
Director
Company Registration No. 11330591
PENDRAGON CONSULTANCY LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 SEPTEMBER 2020
- 3 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 26 April 2018
Period ended 31 March 2019:
Profit and total comprehensive income for the period
-
9,117
9,117
Issue of share capital
8
1
-
1
Balance at 31 March 2019
1
9,117
9,118
Period ended 30 September 2020:
Profit and total comprehensive income for the period
-
17,695
17,695
Issue of share capital
8
99
-
99
Balance at 30 September 2020
100
26,812
26,912
PENDRAGON CONSULTANCY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2020
- 4 -
1
Accounting policies
Company information
Pendragon Consultancy Ltd is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
High Oak Business Centre, 15/17 Gentlem
en
s Field, Westmill Road, Ware, Hertfordshire, United Kingdom, SG12 0EF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £
1
.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of providing employment services. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
1.3
Amortisation
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Developed Software
3 years straight line
1.4
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
2 years straight line
Server Hardware
3 years straight line
Office equipment
3 years straight line
Office furniture
5 years straight line
Cabling and office fixtures
Over the lease period
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
PENDRAGON CONSULTANCY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2020
1
Accounting policies
(Continued)
- 5 -
1.5
Financial instruments
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from
fellow group companies and preference shares that are classified as debt, are
initially recognised at transaction price unless the arrangement constitutes a
financing transaction, where the debt instrument is measured at the present value of
the future
paymen
ts discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the
company
has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.7
Leases
Rentals payable under operating leases,
including
any lease incentives received, are charged to
profit or loss
on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease
s
asset are consumed.
PENDRAGON CONSULTANCY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2020
1
Accounting policies
(Continued)
- 6 -
1.8
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contribution are paid into a pension fund and the company has no legal or constructive obligation to pay further contribution even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2020
2019
Number
Number
Total
11
11
In addition to the above, the company employs some of the staff who are supplied to clients and whose costs are part of the company's cost of sales.
PENDRAGON CONSULTANCY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2020
- 7 -
4
Intangible fixed assets
Internally generated software develoment costs
£
Cost
At 1 April 2019
1,515
Additions
13,500
At 30 September 2020
15,015
Amortisation and impairment
At 1 April 2019
122
Amortisation charged for the period
4,924
At 30 September 2020
5,046
Carrying amount
At 30 September 2020
9,969
At 31 March 2019
1,393
5
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Office equipment
Total
£
£
£
£
Cost
At 1 April 2019 and 30 September 2020
15,578
11,035
3,700
30,313
Depreciation and impairment
At 1 April 2019
1,845
862
411
3,118
Depreciation charged in the period
8,301
4,724
1,850
14,875
At 30 September 2020
10,146
5,586
2,261
17,993
Carrying amount
At 30 September 2020
5,432
5,449
1,439
12,320
At 31 March 2019
13,733
10,173
3,289
27,195
PENDRAGON CONSULTANCY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2020
- 8 -
6
Debtors
2020
2019
Amounts falling due within one year:
£
£
Trade debtors
389,515
223,903
Amounts owed by group undertakings
157,025
15,034
Other debtors
6,325
76,229
Prepayments and accrued income
761,742
58,462
1,314,607
373,628
7
Creditors: amounts falling due within one year
2020
2019
£
£
Trade creditors
39,510
14,027
Amounts owed to group undertakings
26,441
Corporation tax
4,011
Other taxation and social security
1,428,693
981,917
Other creditors
5,784
15,524
Accruals and deferred income
331,297
310,525
1,835,736
1,321,993
8
Called up share capital
2020
2019
2020
2019
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
1
100
1
On 2nd January 2020, a further 99 ordinary shares of £1 each were alloted and issued.
9
Financial commitments, guarantees and contingent liabilities
The total amount of financial commitments not included in the balance sheet is £
27,549
(2019- £5,966).
10
Related party transactions
Transactions with related parties
During the period the company entered into the following transactions with related parties:
At the balance sheet date the amount due from the parent company was £157,025 (2019 : £Nil). This loan was provided interest free and is repayable upon demand.
2020-09-30
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false
30 June 2021
CCH Software
CCH Accounts Production 2021.111
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