IRIS Accounts Production v23.3.0.418 04477788 director 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044777882022-07-31044777882023-07-31044777882022-08-012023-07-31044777882021-07-31044777882021-08-012022-07-31044777882022-07-3104477788ns10:Originalns15:EnglandWales2022-08-012023-07-3104477788ns14:PoundSterlingns10:Original2022-08-012023-07-3104477788ns10:Originalns10:Director12022-08-012023-07-3104477788ns10:Original2022-08-012023-07-3104477788ns10:Original2023-07-3104477788ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-3104477788ns10:Originalns10:SmallEntities2022-08-012023-07-3104477788ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3104477788ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3104477788ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-3104477788ns10:Originalns10:FullAccounts2022-08-012023-07-3104477788ns10:CompanySecretary1ns10:Original2022-08-012023-07-3104477788ns10:Originalns10:RegisteredOffice2022-08-012023-07-3104477788ns10:Original2022-07-3104477788ns10:Originalns5:CurrentFinancialInstruments2023-07-3104477788ns10:Originalns5:CurrentFinancialInstruments2022-07-3104477788ns5:ShareCapitalns10:Original2023-07-3104477788ns5:ShareCapitalns10:Original2022-07-3104477788ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3104477788ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3104477788ns10:Originalns5:PlantMachinery2022-08-012023-07-3104477788ns10:Originalns5:MotorVehicles2022-08-012023-07-3104477788ns10:Original2021-08-012022-07-3104477788ns10:Originalns5:PlantMachinery2022-07-3104477788ns10:Originalns5:MotorVehicles2022-07-3104477788ns10:Original2022-07-3104477788ns10:Originalns5:PlantMachinery2023-07-3104477788ns10:Originalns5:MotorVehicles2023-07-3104477788ns10:Originalns5:PlantMachinery2022-07-3104477788ns10:Originalns5:MotorVehicles2022-07-3104477788ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3104477788ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3104477788ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3104477788ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-08-012023-07-31
REGISTERED NUMBER: 04477788 (England and Wales)









Financial Statements

for the Year Ended 31 July 2023

for

R H Financial Consultants Limited

R H Financial Consultants Limited (Registered number: 04477788)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R H Financial Consultants Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: R Hancock





SECRETARY: Miss M L Bratley





REGISTERED OFFICE: CFC House
Acorn Business Park
Woodseats Close
Sheffield
S8 0TB





REGISTERED NUMBER: 04477788 (England and Wales)





ACCOUNTANTS: Camplejohn Rowan
CFC House
Acorn Business Park
Woodseats Close
Sheffield
South Yorkshire
S8 0TB

R H Financial Consultants Limited (Registered number: 04477788)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 17,711 351

CURRENT ASSETS
Debtors 5 436,263 67,950
Cash at bank 48,456 421,814
484,719 489,764
CREDITORS
Amounts falling due within one year 6 (41,137 ) (40,838 )
NET CURRENT ASSETS 443,582 448,926
TOTAL ASSETS LESS CURRENT
LIABILITIES

461,293

449,277

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 461,193 449,177
SHAREHOLDERS' FUNDS 461,293 449,277

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

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 18 October 2023 and were signed by:





R Hancock - Director


R H Financial Consultants Limited (Registered number: 04477788)

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

1. STATUTORY INFORMATION

R H Financial Consultants 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.

Turnover
Turnover represents net commissions received from the writing of financial intermediation.

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 - 33% on cost
Motor vehicles - 25% on reducing balance

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.

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 2 (2022 - 2 ) .

R H Financial Consultants Limited (Registered number: 04477788)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2022 11,776 - 11,776
Additions - 23,600 23,600
At 31 July 2023 11,776 23,600 35,376
DEPRECIATION
At 1 August 2022 11,425 - 11,425
Charge for year 340 5,900 6,240
At 31 July 2023 11,765 5,900 17,665
NET BOOK VALUE
At 31 July 2023 11 17,700 17,711
At 31 July 2022 351 - 351

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 433,000 63,000
Prepayments and accrued income 3,263 4,950
436,263 67,950

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Tax 40,535 43,272
Social security and other taxes 240 (2,795 )
Accrued expenses 362 361
41,137 40,838

7. RESERVES
Retained
earnings
£   

At 1 August 2022 449,177
Profit for the year 147,951
Dividends (135,935 )
At 31 July 2023 461,193

8. ULTIMATE CONTROLLING PARTY

The controlling party is R Hancock.