FE Consulting (Sussex) Ltd 10391741 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is that of educational consultants Digita Accounts Production Advanced 6.30.9574.0 true true 10391741 2022-08-01 2023-07-31 10391741 2023-07-31 10391741 core:RetainedEarningsAccumulatedLosses 2023-07-31 10391741 core:ShareCapital 2023-07-31 10391741 core:CurrentFinancialInstruments 2023-07-31 10391741 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 10391741 bus:SmallEntities 2022-08-01 2023-07-31 10391741 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 10391741 bus:FullAccounts 2022-08-01 2023-07-31 10391741 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10391741 bus:RegisteredOffice 2022-08-01 2023-07-31 10391741 bus:Director1 2022-08-01 2023-07-31 10391741 bus:Director2 2022-08-01 2023-07-31 10391741 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10391741 countries:EnglandWales 2022-08-01 2023-07-31 10391741 2021-08-01 2022-07-31 10391741 2022-07-31 10391741 core:RetainedEarningsAccumulatedLosses 2022-07-31 10391741 core:ShareCapital 2022-07-31 10391741 core:CurrentFinancialInstruments 2022-07-31 10391741 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 10391741

FE Consulting (Sussex) Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

FE Consulting (Sussex) Ltd

Contents

Company Information

1

Profit and Loss Account and Statement of Retained Earnings

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

FE Consulting (Sussex) Ltd

Company Information

Directors

T F Strickland

C E Strickland

Registered office

39 High Street
Battle
East Sussex
TN33 0EE

Accountants

Manningtons
Chartered Accountants
39 High Street
Battle
East Sussex
TN33 0EE

 

FE Consulting (Sussex) Ltd

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 July 2023

Note

2023
£

2022
£

Turnover

 

36,206

82,925

Administrative expenses

 

(3,989)

(4,452)

Operating profit

 

32,217

78,473

Other interest receivable and similar income

 

1,773

90

 

1,773

90

Profit before tax

33,990

78,563

Taxation

(6,458)

(14,927)

Profit for the financial year

 

27,532

63,636

Retained earnings brought forward

 

199,801

162,832

Dividends paid

 

(26,666)

(26,666)

Retained earnings carried forward

 

200,667

199,802

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

FE Consulting (Sussex) Ltd

(Registration number: 10391741)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

-

7,350

Cash at bank and in hand

 

244,356

237,894

 

244,356

245,244

Creditors: Amounts falling due within one year

5

(43,589)

(45,342)

Net assets

 

200,767

199,902

Capital and reserves

 

Called up share capital

100

100

Retained earnings

200,667

199,802

Shareholders' funds

 

200,767

199,902

For the financial year ending 31 July 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 November 2023 and signed on its behalf by:
 

.........................................
T F Strickland
Director

 

FE Consulting (Sussex) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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:
39 High Street
Battle
East Sussex
TN33 0EE
United Kingdom

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

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;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

FE Consulting (Sussex) Ltd

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

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 debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Debtors

2023
£

2022
£

Trade debtors

-

7,350

-

7,350

 

FE Consulting (Sussex) Ltd

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

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

6,458

14,927

Accruals and deferred income

960

960

Director loan account

36,171

29,455

43,589

45,342