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Company Registration No. SC598213 (Scotland)
Foulis Consulting Ltd Unaudited accounts for the year ended 31 May 2023
Foulis Consulting Ltd Unaudited accounts Contents
Page
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Foulis Consulting Ltd Company Information for the year ended 31 May 2023
Director
Kevin Munro
Company Number
SC598213 (Scotland)
Registered Office
94 HOPE STREET SUITE 2.11 GLASGOW G2 6PH UNITED KINGDOM
Accountants
Scottish Tax Bureau 94 Hope Street Glasgow G2 6PH
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Foulis Consulting Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
74,694 
76,259 
Current assets
Debtors
125,972 
6,304 
Cash at bank and in hand
75,296 
101,994 
201,268 
108,298 
Creditors: amounts falling due within one year
(52,046)
(50,345)
Net current assets
149,222 
57,953 
Net assets
223,916 
134,212 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
223,816 
134,112 
Shareholders' funds
223,916 
134,212 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 November 2023 and were signed on its behalf by
Kevin Munro Director Company Registration No. SC598213
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Foulis Consulting Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Foulis Consulting Ltd is a private company, limited by shares, registered in Scotland, registration number SC598213. The registered office is 94 HOPE STREET, SUITE 2.11, GLASGOW, G2 6PH, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on cost
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2022
70,000 
8,198 
3,366 
81,564 
At 31 May 2023
70,000 
8,198 
3,366 
81,564 
Depreciation
At 1 June 2022
- 
3,402 
1,903 
5,305 
Charge for the year
- 
1,199 
366 
1,565 
At 31 May 2023
- 
4,601 
2,269 
6,870 
Net book value
At 31 May 2023
70,000 
3,597 
1,097 
74,694 
At 31 May 2022
70,000 
4,796 
1,463 
76,259 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,972 
6,304 
Other debtors
114,000 
- 
125,972 
6,304 
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Foulis Consulting Ltd Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
6,046 
8,636 
Taxes and social security
23,583 
24,354 
Other creditors
- 
930 
Loans from directors
22,417 
16,425 
52,046 
50,345 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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