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COMPANY REGISTRATION NUMBER: 11395467
Necus Consulting Limited
Filleted Unaudited Financial Statements
31 March 2022
Necus Consulting Limited
Statement of Financial Position
31 March 2022
2022
2021
Note
£
£
Fixed assets
Tangible assets
4
464
580
Current assets
Debtors
5
1,328
3,025
Cash at bank and in hand
23,878
18,132
--------
--------
25,206
21,157
Creditors: amounts falling due within one year
6
13,955
17,934
--------
--------
Net current assets
11,251
3,223
--------
-------
Total assets less current liabilities
11,715
3,803
--------
-------
Net assets
11,715
3,803
--------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
11,615
3,703
--------
-------
Shareholders funds
11,715
3,803
--------
-------
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 31 March 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 .
Necus Consulting Limited
Statement of Financial Position (continued)
31 March 2022
These financial statements were approved by the board of directors and authorised for issue on 3 August 2022 , and are signed on behalf of the board by:
Mr P Necus
Director
Company registration number: 11395467
Necus Consulting Limited
Notes to the Financial Statements
Year ended 31 March 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 40 Kimbolton Road, Bedford, MK40 2NR.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
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.
Deferred 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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% reducing balance
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible assets
Equipment
£
Cost
At 1 April 2021 and 31 March 2022
725
----
Depreciation
At 1 April 2021
145
Charge for the year
116
----
At 31 March 2022
261
----
Carrying amount
At 31 March 2022
464
----
At 31 March 2021
580
----
5. Debtors
2022
2021
£
£
Trade debtors
1,200
2,700
Other debtors
128
325
-------
-------
1,328
3,025
-------
-------
6. Creditors: amounts falling due within one year
2022
2021
£
£
Corporation tax
2,820
2,866
Other creditors
11,135
15,068
--------
--------
13,955
17,934
--------
--------