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REGISTERED NUMBER: 10683975 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2023

for

SZC Consulting Limited

SZC Consulting Limited (Registered number: 10683975)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SZC Consulting Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr D Cole
Mrs S Z Cole





REGISTERED OFFICE: St Mary’S Court
The Broadway
Old Amersham
Bucks
HP7 0UT





REGISTERED NUMBER: 10683975 (England and Wales)





ACCOUNTANTS: Cansdales Business Advisers Limited
St Marys Court
The Broadway
Old Amersham
Buckinghamshire
HP7 0UT

SZC Consulting Limited (Registered number: 10683975)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 3 2,706 1,828

CURRENT ASSETS
Debtors 4 - 40,000
Cash at bank 130,052 144,215
130,052 184,215
CREDITORS
Amounts falling due within one year 5 (39,602 ) (19,393 )
NET CURRENT ASSETS 90,450 164,822
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,156

166,650

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 93,155 166,649
SHAREHOLDERS' FUNDS 93,156 166,650

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

SZC Consulting Limited (Registered number: 10683975)

Balance Sheet - continued
31 March 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 15 October 2023 and were signed on its behalf by:





Mrs S Z Cole - Director


SZC Consulting Limited (Registered number: 10683975)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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 amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

REVENUE
Revenue is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of
completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
IT equipment - 33% on cost

CASH AT BANK
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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.

SZC Consulting Limited (Registered number: 10683975)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

1. 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

3. TANGIBLE FIXED ASSETS
IT
equipment
£   
COST
At 1 April 2022 9,870
Additions 2,689
At 31 March 2023 12,559
DEPRECIATION
At 1 April 2022 8,042
Charge for year 1,811
At 31 March 2023 9,853
NET BOOK VALUE
At 31 March 2023 2,706
At 31 March 2022 1,828

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments - 40,000

£40,000 was reported as advance director in 2022, but it represents director's pension prepayment.So reclassification has been done to prepayment for correct presentation. However, there is no impact in financial statements due to that.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1,990
Corporation tax 23,884 1,470
Social security and other tax 1,886 3,596
VAT 9,937 10,191
Directors' current accounts 3,035 61
Accruals and deferred income 860 2,085
39,602 19,393

SZC Consulting Limited (Registered number: 10683975)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mrs S Z Cole
Balance outstanding at start of year - 232
Amounts repaid - (232 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The amount overdrawn was repaid within 9 months of the year end.