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RESEARCH CONSULTING LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2023






RESEARCH CONSULTING LIMITED (REGISTERED NUMBER: 08376797)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RESEARCH CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTORS: R F Johnson
R Johnson
D M King





REGISTERED OFFICE: The Ingenuity Centre
University of Nottingham Innovation Park
Triumph Road, Office B17
Nottingham
Nottinghamshire
NG7 2TU





REGISTERED NUMBER: 08376797 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

RESEARCH CONSULTING LIMITED (REGISTERED NUMBER: 08376797)

BALANCE SHEET
31ST JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 6,235 5,742

CURRENT ASSETS
Debtors 6 122,746 116,938
Investments 7 105,288 -
Cash at bank 76,398 107,814
304,432 224,752
CREDITORS
Amounts falling due within one year 8 129,573 105,842
NET CURRENT ASSETS 174,859 118,910
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,094

124,652

CREDITORS
Amounts falling due after more than one
year

9

(23,333

)

(33,333

)

PROVISIONS FOR LIABILITIES (1,380 ) (1,245 )
NET ASSETS 156,381 90,074

CAPITAL AND RESERVES
Called up share capital 11 12 12
Share premium 526 526
Retained earnings 155,843 89,536
SHAREHOLDERS' FUNDS 156,381 90,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RESEARCH CONSULTING LIMITED (REGISTERED NUMBER: 08376797)

BALANCE SHEET - continued
31ST JANUARY 2023


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 Board of Directors and authorised for issue on 18th August 2023 and were signed on its behalf by:





R F Johnson - Director


RESEARCH CONSULTING LIMITED (REGISTERED NUMBER: 08376797)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023

1. STATUTORY INFORMATION

Research Consulting 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 50% on cost and 33% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 25% on cost

Government grants
Government grants in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets. Grants in relation to expenditure are credited to the profit and loss account when the expenditure is charged to the profit and loss account.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

RESEARCH CONSULTING LIMITED (REGISTERED NUMBER: 08376797)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st February 2022 1,188 1,687 15,506 18,381
Additions - 350 3,498 3,848
Disposals - - (753 ) (753 )
At 31st January 2023 1,188 2,037 18,251 21,476
DEPRECIATION
At 1st February 2022 1,188 941 10,510 12,639
Charge for year - 630 2,725 3,355
Eliminated on disposal - - (753 ) (753 )
At 31st January 2023 1,188 1,571 12,482 15,241
NET BOOK VALUE
At 31st January 2023 - 466 5,769 6,235
At 31st January 2022 - 746 4,996 5,742

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 35,166 53,200
Accrued income 77,684 58,701
Prepayments 9,896 5,037
122,746 116,938

7. CURRENT ASSET INVESTMENTS
31.1.23 31.1.22
£    £   
Listed investments 105,288 -

RESEARCH CONSULTING LIMITED (REGISTERED NUMBER: 08376797)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 8,877 3,058
Tax 50,947 26,516
Social security and other taxes 6,738 5,908
VAT 18,291 19,546
Other creditors 21 -
Pension creditor 1,213 841
Directors' current accounts 500 17
Deferred income 6,964 4,315
Accrued expenses 26,022 35,641
129,573 105,842

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 13,333 23,333
23,333 33,333

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.23 31.1.22
£    £   
Within one year 7,868 14,622
Between one and five years - 1,178
7,868 15,800

In the year to 31.01.23 £22,809 (£31.01.22: £20,529) was paid under operating lease commitments.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
10 Ordinary £1 10 10
111 Ordinary B shares 1p 1 1
59 Ordinary C 1p 1 1
12 12