Company registration number:
09376912
UKAF Consultancy Limited
Unaudited filleted financial statements
31 January 2023
UKAF Consultancy Limited
Contents
Statement of financial position
Notes to the financial statements
UKAF Consultancy Limited
Statement of financial position
31 January 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Cash at bank and in hand |
|
|
13 |
|
|
|
20 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
13 |
|
|
|
20 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
5 |
(
56,929) |
|
|
|
(
50,730) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current liabilities |
|
|
|
|
(
56,916) |
|
|
|
(
50,710) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
(
56,916) |
|
|
|
(
50,710) |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
6 |
|
|
(
40,000) |
|
|
|
(
40,000) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Net liabilities |
|
|
|
|
(
96,916) |
|
|
|
(
90,710) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
100 |
|
|
|
100 |
Profit and loss account |
|
|
|
|
(
97,016) |
|
|
|
(
90,810) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders deficit |
|
|
|
|
(
96,916) |
|
|
|
(
90,710) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
09 November 2023
, and are signed on behalf of the board by:
Mr Stephen Taylor
Director
Company registration number:
09376912
UKAF Consultancy Limited
Notes to the financial statements
Year ended 31 January 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Deansfield House, 98 Lancaster Road, Newcastle Under Lyme, Staffordshire, ST5 1DS.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to 0 (2022: 0).
5.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
10,630 |
10,630 |
|
Trade creditors |
|
10,800 |
9,600 |
|
Director loan accounts |
|
30,692 |
25,706 |
|
Other creditors |
|
3,594 |
3,594 |
|
Accruals and deferred income |
|
1,213 |
1,200 |
|
|
|
_______ |
_______ |
|
|
|
56,929 |
50,730 |
|
|
|
_______ |
_______ |
|
|
|
|
|
6.
Creditors: amounts falling due after more than one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
40,000 |
40,000 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Related party transactions
Mr S Taylor and Mr D Nabavi are a related party to the company by virtue of their directorship in the company.Mr S Taylor is a related party to the company by virtue of their shareholding in the company.During the year the directors introduced net funds from the company in the sum of £4,985 (2022: Introduced £5,295). At the year end the company owed Mr S Taylor the sum of £30,692 (2022: £25,706)
8.
Going concern
As reflected within these financial statements, the company has reported a loss of £6,206 (2022: £7,134) and has deficiency of assets of £96,916 (2022: £90,710). These losses have been incurred investigating the viability of an overseas project in the oil & gas sector which the director is of the opinion will generate substantial profits in the foreseeable future. The company meets its day to day working capital requirements through ongoing financial support from the company director. The financial statements have been prepared on a going concern basis, the validity of which depends upon the company's ability to continue to receive the financial support of the company director. The financial statements do not include any adjustments that would result from a failure to obtain such support.