Ormond Management Consulting Ltd 08357754 false 2022-02-01 2023-01-31 2023-01-31 The principal activity of the company is management consultancy. Digita Accounts Production Advanced 6.30.9574.0 true 08357754 2022-02-01 2023-01-31 08357754 2023-01-31 08357754 core:RetainedEarningsAccumulatedLosses 2023-01-31 08357754 core:ShareCapital 2023-01-31 08357754 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 08357754 core:FurnitureFittingsToolsEquipment 2023-01-31 08357754 bus:SmallEntities 2022-02-01 2023-01-31 08357754 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 08357754 bus:AbridgedAccounts 2022-02-01 2023-01-31 08357754 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 08357754 bus:RegisteredOffice 2022-02-01 2023-01-31 08357754 bus:Director1 2022-02-01 2023-01-31 08357754 bus:Director2 2022-02-01 2023-01-31 08357754 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 08357754 core:OfficeEquipment 2022-02-01 2023-01-31 08357754 countries:EnglandWales 2022-02-01 2023-01-31 08357754 2022-01-31 08357754 core:FurnitureFittingsToolsEquipment 2022-01-31 08357754 2021-02-01 2022-01-31 08357754 2022-01-31 08357754 core:RetainedEarningsAccumulatedLosses 2022-01-31 08357754 core:ShareCapital 2022-01-31 08357754 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 08357754 core:FurnitureFittingsToolsEquipment 2022-01-31 iso4217:GBP xbrli:pure

Registration number: 08357754

Ormond Management Consulting Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 January 2023

 

Ormond Management Consulting Ltd

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Ormond Management Consulting Ltd

Company Information

Directors

R F J Darke

D Darke

Registered office

42 Ormond Avenue
Hampton
Middlesex
TW12 2RU

Accountants

Holmes Peat Thorpe
Chartered Accountants
Basepoint Business Centre
110 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

 

Ormond Management Consulting Ltd

(Registration number: 08357754)
Abridged Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,215

1,620

Current assets

 

Cash at bank and in hand

 

26,127

91,278

Creditors: Amounts falling due within one year

(21,408)

(60,694)

Net current assets

 

4,719

30,584

Total assets less current liabilities

 

5,934

32,204

Provisions for liabilities

(308)

(308)

Net assets

 

5,626

31,896

Capital and reserves

 

Called up share capital

8

8

Retained earnings

5,618

31,888

Shareholders' funds

 

5,626

31,896

For the financial year ending 31 January 2023 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 2 October 2023 and signed on its behalf by:
 

.........................................
R F J Darke
Director

   
     
 

Ormond Management Consulting Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
42 Ormond Avenue
Hampton
Middlesex
TW12 2RU

These financial statements were authorised for issue by the Board on 2 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Basis of preparation
The abridged financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements were prepared in accordance with Financial Reporting Standard 102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity, specific criteria have been met for each of the company's activities and legal title has passed.

Tax

Taxation represents the sum of tax currently payable, and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting date.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset is realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Ormond Management Consulting Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022-1).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 February 2022

2,773

2,773

At 31 January 2023

2,773

2,773

Depreciation

At 1 February 2022

1,558

1,558

At 31 January 2023

1,558

1,558

Carrying amount

At 31 January 2023

1,215

1,215

At 31 January 2022

1,620

1,620