1 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 2,918 1,891 342 2,233 685 1,027 xbrli:pure xbrli:shares iso4217:GBP 08752218 2022-04-01 2023-03-31 08752218 2023-03-31 08752218 2022-03-31 08752218 2021-04-01 2022-03-31 08752218 2022-03-31 08752218 bus:Director1 2022-04-01 2023-03-31 08752218 core:WithinOneYear 2023-03-31 08752218 core:WithinOneYear 2022-03-31 08752218 core:ShareCapital 2023-03-31 08752218 core:ShareCapital 2022-03-31 08752218 core:RetainedEarningsAccumulatedLosses 2023-03-31 08752218 core:RetainedEarningsAccumulatedLosses 2022-03-31 08752218 bus:SmallEntities 2022-04-01 2023-03-31 08752218 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08752218 bus:FullAccounts 2022-04-01 2023-03-31 08752218 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 08752218 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08752218 core:ComputerEquipment 2022-04-01 2023-03-31 08752218 core:ComputerEquipment 2023-03-31 08752218 core:ComputerEquipment 2022-03-31
COMPANY REGISTRATION NUMBER: 08752218
Sue Fitzroy Consultancy Limited
Filleted Unaudited Financial Statements
31 March 2023
Sue Fitzroy Consultancy Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
685
1,027
Current assets
Debtors
6
445
8,837
Cash at bank and in hand
13,053
32,283
--------
--------
13,498
41,120
Creditors: amounts falling due within one year
7
( 3,975)
( 12,084)
--------
--------
Net current assets
9,523
29,036
--------
--------
Total assets less current liabilities
10,208
30,063
--------
--------
Net assets
10,208
30,063
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
10,108
29,963
--------
--------
Shareholders funds
10,208
30,063
--------
--------
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.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Sue Fitzroy Consultancy Limited
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 15 November 2023 , and are signed on behalf of the board by:
Miss S Fitzroy
Director
Company registration number: 08752218
Sue Fitzroy Consultancy Limited
Notes to the Financial Statements
Year ended 31 March 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 10 Orange Street, Haymarket, London, WC2H 7DQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 April 2022 and 31 March 2023
2,918
2,918
-------
-------
Depreciation
At 1 April 2022
1,891
1,891
Charge for the year
342
342
-------
-------
At 31 March 2023
2,233
2,233
-------
-------
Carrying amount
At 31 March 2023
685
685
-------
-------
At 31 March 2022
1,027
1,027
-------
-------
6. Debtors
2023
2022
£
£
Trade debtors
8,640
Other debtors
445
197
----
-------
445
8,837
----
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
584
4,691
Social security and other taxes
356
2,772
Other creditors
3,035
4,621
-------
--------
3,975
12,084
-------
--------
8. Director's advances, credits and guarantees
At the Year end the company owed £nil to the director. (2022: £1,295).