Strategy Management Consultants Ltd 11630947 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is management consultancy. Digita Accounts Production Advanced 6.30.9574.0 true true 11630947 2022-04-01 2023-03-31 11630947 2023-03-31 11630947 bus:OrdinaryShareClass1 2023-03-31 11630947 core:CurrentFinancialInstruments 2023-03-31 11630947 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11630947 core:FurnitureFittingsToolsEquipment 2023-03-31 11630947 core:OtherPropertyPlantEquipment 2023-03-31 11630947 bus:SmallEntities 2022-04-01 2023-03-31 11630947 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11630947 bus:FullAccounts 2022-04-01 2023-03-31 11630947 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 11630947 bus:RegisteredOffice 2022-04-01 2023-03-31 11630947 bus:Director1 2022-04-01 2023-03-31 11630947 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 11630947 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11630947 core:FurnitureFittings 2022-04-01 2023-03-31 11630947 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 11630947 core:OfficeEquipment 2022-04-01 2023-03-31 11630947 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 11630947 countries:EnglandWales 2022-04-01 2023-03-31 11630947 2022-03-31 11630947 core:FurnitureFittingsToolsEquipment 2022-03-31 11630947 core:OtherPropertyPlantEquipment 2022-03-31 11630947 2021-04-01 2022-03-31 11630947 2022-03-31 11630947 bus:OrdinaryShareClass1 2022-03-31 11630947 core:CurrentFinancialInstruments 2022-03-31 11630947 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 11630947 core:FurnitureFittingsToolsEquipment 2022-03-31 11630947 core:OtherPropertyPlantEquipment 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11630947

Strategy Management Consultants Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Strategy Management Consultants Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Strategy Management Consultants Ltd

Company Information

Director

P Doherty

Registered office

9 Crosspaths
Harpenden
Hertfordshire
AL5 3HB

Accountants

Holmes Peat Thorpe
Chartered Accountants
Basepoint Business Centre
110 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

 

Strategy Management Consultants Ltd

(Registration number: 11630947)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

742

1,527

Current assets

 

Debtors

1,536

7,900

Cash at bank and in hand

 

36,728

20,875

 

38,264

28,775

Creditors: Amounts falling due within one year

(37,224)

(29,909)

Net current assets/(liabilities)

 

1,040

(1,134)

Net assets

 

1,782

393

Capital and reserves

 

Called up share capital

5

2

2

Retained earnings

1,780

391

Shareholders' funds

 

1,782

393

For the financial 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 November 2023
 

.........................................
P Doherty
Director

 

Strategy Management Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
9 Crosspaths
Harpenden
Hertfordshire
AL5 3HB
United Kingdom

These financial statements were authorised for issue by the director on 21 November 2023.

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.

Basis of preparation
The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements were prepared in accordance with Financial Reporting Standard 102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

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, specific criteria have been met for each of the company's activities and legal title has passed.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates. Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting date.

 

Strategy Management Consultants Ltd

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

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fiitings

25% reducing balance

Office equipment

33% on cost

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 initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

 

Strategy Management Consultants Ltd

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

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 the director) during the year, was 2 (2022 - 2).

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2022

780

7,214

7,994

Additions

-

506

506

At 31 March 2023

780

7,720

8,500

Depreciation

At 1 April 2022

452

6,015

6,467

Charge for the year

83

1,208

1,291

At 31 March 2023

535

7,223

7,758

Carrying amount

At 31 March 2023

245

497

742

At 31 March 2022

328

1,199

1,527

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2