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REGISTERED NUMBER: 08412794 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

ORMSTON CONSULT LIMITED

ORMSTON CONSULT LIMITED (REGISTERED NUMBER: 08412794)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ORMSTON CONSULT LIMITED

Company Information
for the Year Ended 31st March 2023







DIRECTORS: Mr P S Ormston
Mrs D Ormston





REGISTERED OFFICE: 1 Whitworth Court
Manor Farm Road
Runcorn
Cheshire
WA7 1WA





REGISTERED NUMBER: 08412794 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

ORMSTON CONSULT LIMITED (REGISTERED NUMBER: 08412794)

Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,717 2,126
3,717 2,126

CURRENT ASSETS
Debtors 6 13,110 54,661
Cash at bank and in hand 119,411 95,130
132,521 149,791
CREDITORS
Amounts falling due within one year 7 36,116 56,038
NET CURRENT ASSETS 96,405 93,753
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,122

95,879

PROVISIONS FOR LIABILITIES 706 404
NET ASSETS 99,416 95,475

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 99,316 95,375
99,416 95,475

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

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

ORMSTON CONSULT LIMITED (REGISTERED NUMBER: 08412794)

Balance Sheet - continued
31st March 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 18th October 2023 and were signed on its behalf by:




Mr P S Ormston - Director



Mrs D Ormston - Director


ORMSTON CONSULT LIMITED (REGISTERED NUMBER: 08412794)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

Ormston Consult 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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents amounts received for services rendered, stated net of discounts and of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33.3% on cost

Impairment of Assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

ORMSTON CONSULT LIMITED (REGISTERED NUMBER: 08412794)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
Contributions payable are charged to profit or loss in the period to which they relate.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1st April 2022
and 31st March 2023 1,740
AMORTISATION
At 1st April 2022
and 31st March 2023 1,740
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2022 27,455 4,846 32,301
Additions - 2,899 2,899
At 31st March 2023 27,455 7,745 35,200
DEPRECIATION
At 1st April 2022 27,001 3,174 30,175
Charge for year 152 1,156 1,308
At 31st March 2023 27,153 4,330 31,483
NET BOOK VALUE
At 31st March 2023 302 3,415 3,717
At 31st March 2022 454 1,672 2,126

ORMSTON CONSULT LIMITED (REGISTERED NUMBER: 08412794)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 9,246 51,081
Prepayments 3,864 3,580
13,110 54,661

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 1,861 15,237
Tax 15,806 10,773
VAT 11,666 11,905
Directors' current accounts 4,291 14,457
Accrued expenses 2,492 3,666
36,116 56,038

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 10,900 10,900
Between one and five years 7,267 18,167
18,167 29,067

9. RELATED PARTY DISCLOSURES

The company owed £4,291 (2022 £14,457) to the directors at the balance sheet date. No interest has been charged by the directors and it is repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The directors have controlled the company by virtue of their 100% holding of the issued ordinary share capital.