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REGISTERED NUMBER: 09389147 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

31TEN CONSULTING LIMITED

31TEN CONSULTING LIMITED (REGISTERED NUMBER: 09389147)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


31TEN CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Mr A S Pack
Mr C A Shepherd
Mr C Walker
Mr M Huxley





REGISTERED OFFICE: Ground Floor Apex Yard
25-35 Long Lane
London
London
SE1 4PL





REGISTERED NUMBER: 09389147 (England and Wales)





ACCOUNTANTS: Farnell Clarke Limited
Evolution House
Delft Way
Norwich Airport
Norwich
Norfolk
NR6 6BB

31TEN CONSULTING LIMITED (REGISTERED NUMBER: 09389147)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 88,879 29,151

CURRENT ASSETS
Debtors 5 964,614 804,142
Cash at bank 290,308 204,451
1,254,922 1,008,593
CREDITORS
Amounts falling due within one year 6 644,713 542,549
NET CURRENT ASSETS 610,209 466,044
TOTAL ASSETS LESS CURRENT LIABILITIES 699,088 495,195

PROVISIONS FOR LIABILITIES 22,220 5,901
NET ASSETS 676,868 489,294

CAPITAL AND RESERVES
Called up share capital 7 81 81
Capital redemption reserve 29 29
Retained earnings 676,758 489,184
SHAREHOLDERS' FUNDS 676,868 489,294

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

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

31TEN CONSULTING LIMITED (REGISTERED NUMBER: 09389147)

STATEMENT OF FINANCIAL POSITION - continued
31 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 25 October 2023 and were signed on its behalf by:





Mr C A Shepherd - Director


31TEN CONSULTING LIMITED (REGISTERED NUMBER: 09389147)

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

1. STATUTORY INFORMATION

31ten 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. 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
Revenue 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 - 25% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

31TEN CONSULTING LIMITED (REGISTERED NUMBER: 09389147)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 14 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 - 6,329 20,749 22,233 49,311
Additions 41,748 - 26,474 13,960 82,182
Disposals - - - (483 ) (483 )
At 31 January 2023 41,748 6,329 47,223 35,710 131,010
DEPRECIATION
At 1 February 2022 - 1,846 9,306 9,008 20,160
Charge for year 4,870 1,582 6,809 8,750 22,011
Eliminated on disposal - - - (40 ) (40 )
At 31 January 2023 4,870 3,428 16,115 17,718 42,131
NET BOOK VALUE
At 31 January 2023 36,878 2,901 31,108 17,992 88,879
At 31 January 2022 - 4,483 11,443 13,225 29,151

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 652,611 515,207
Other debtors 202,134 287,924
Directors' current accounts 34,472 -
Accrued income 44,296 -
Prepayments 31,101 1,011
964,614 804,142

31TEN CONSULTING LIMITED (REGISTERED NUMBER: 09389147)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 125,820 62,457
Corporation tax 154,259 152,821
Social security and other taxes 1,580 37,451
VAT 159,584 115,878
Other creditors 14,355 -
Directors' current accounts 894 2,310
Accruals and deferred income 188,221 171,632
644,713 542,549

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
8,050 Ordinary 1p A 1p 81 81

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
Mr A S Pack
Balance outstanding at start of year (312 ) 9,716
Amounts advanced 25,796 -
Amounts repaid (312 ) (10,028 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,172 (312 )

Mr C Walker
Balance outstanding at start of year (798 ) 7,716
Amounts advanced 10,410 2,976
Amounts repaid (312 ) (11,490 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,300 (798 )

31TEN CONSULTING LIMITED (REGISTERED NUMBER: 09389147)

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

9. RELATED PARTY DISCLOSURES

Included in "Other debtors" is a loan from 31ten Consulting Ltd to Vestega Ltd amounting to £115,362 (2022: £61,064). Vestega Ltd is an 80% subsidiary of 31ten Consulting Ltd. This loan amount is for services provided to Vestega Ltd to support its ongoing operations.

Included in other debtors is a loan from 31ten Holdings Limited amounting to £77,810 (2022: £207,918). 31ten Holdings Limited is the parent company of 31ten Consulting Ltd by way of it's 100% shareholding. This amount is for services provided by 31ten Consulting Ltd to 31ten Holdings Limited to support its operations.

During the period, 31ten Consulting Ltd paid £659,027 in dividends to 31ten Holdings Limited.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is 31ten Holdings Limited.