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REGISTERED NUMBER: 06343553 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

SOMERSET CONSULT LIMITED

SOMERSET CONSULT LIMITED (REGISTERED NUMBER: 06343553)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOMERSET CONSULT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: D E Somerset





SECRETARY: Miss P B Somerset





REGISTERED OFFICE: White Hart House
Silwood Road
Ascot
Berkshire
SL5 0PY





REGISTERED NUMBER: 06343553 (England and Wales)





ACCOUNTANTS: Wentworths & Associates Limited
White Hart House
Silwood Road
Ascot
Berkshire
SL5 0PY

SOMERSET CONSULT LIMITED (REGISTERED NUMBER: 06343553)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,881 5,897

CURRENT ASSETS
Debtors 5 248,277 135,377
Cash at bank 52,157 213,659
300,434 349,036
CREDITORS
Amounts falling due within one year 6 209,112 243,466
NET CURRENT ASSETS 91,322 105,570
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,203

111,467

CREDITORS
Amounts falling due after more than one year 7 (38,062 ) -

PROVISIONS FOR LIABILITIES (927 ) (1,120 )
NET ASSETS 57,214 110,347

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 57,114 110,247
SHAREHOLDERS' FUNDS 57,214 110,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SOMERSET CONSULT LIMITED (REGISTERED NUMBER: 06343553)

BALANCE SHEET - continued
31 DECEMBER 2021


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

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

The financial statements were approved by the director and authorised for issue on 13 September 2022 and were signed by:





D E Somerset - Director


SOMERSET CONSULT LIMITED (REGISTERED NUMBER: 06343553)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Somerset Consult Limited 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. ACCOUNTING POLICIES

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

Revenue
Revenue, described as turnover, is the value of work (net of value added tax) performed during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 6 ) .

SOMERSET CONSULT LIMITED (REGISTERED NUMBER: 06343553)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 January 2021 18,398
Additions 1,904
At 31 December 2021 20,302
DEPRECIATION
At 1 January 2021 12,501
Charge for year 2,920
At 31 December 2021 15,421
NET BOOK VALUE
At 31 December 2021 4,881
At 31 December 2020 5,897

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 230,978 113,840
Other debtors 17,299 21,537
248,277 135,377

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 11,029 50,000
Trade creditors 99,732 84,930
Taxation and social security 59,362 84,681
Other creditors 38,989 23,855
209,112 243,466

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loan 38,062 -