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Registration number: 10457477

A Sly Consulting Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

A Sly Consulting Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

A Sly Consulting Limited

(Registration number: 10457477)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

83

166

Current assets

 

Stocks

5

-

13,716

Debtors

6

319

1,213

Cash at bank and in hand

 

34,590

73,178

 

34,909

88,107

Creditors: Amounts falling due within one year

7

(12,020)

(46,020)

Net current assets

 

22,889

42,087

Total assets less current liabilities

 

22,972

42,253

Creditors: Amounts falling due after more than one year

7

(9,316)

(13,292)

Net assets

 

13,656

28,961

Capital and reserves

 

Called up share capital

100

100

Retained earnings

13,556

28,861

Shareholders' funds

 

13,656

28,961

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.

Approved and authorised by the director on 23 November 2023
 

.........................................
Mr A J Sly
Director

 

A Sly Consulting Limited

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 company was formerly known as Plantation Shutters South Limited.

The address of its registered office is:
Furlong Cottage
Goat Acre Road
Medstead
Alton
Hampshire
GU34 5PU
England

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.

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.

Tax

The tax expense for the period comprises current tax payable.

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.

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

Plant and machinery

25% straight line

 

A Sly Consulting Limited

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

Amortisation

Asset class

Amortisation method and rate

Goodwill

20% straight line

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.

Debtors

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

A Sly Consulting Limited

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

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2022

333

333

At 31 March 2023

333

333

Depreciation

At 1 April 2022

167

167

Charge for the year

83

83

At 31 March 2023

250

250

Carrying amount

At 31 March 2023

83

83

At 31 March 2022

166

166

5

Stocks

2023
£

2022
£

Work in progress

-

13,716

6

Debtors

2023
£

2022
£

Other debtors

-

629

Prepayments

319

584

319

1,213

 

A Sly Consulting Limited

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

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Loans and borrowings

3,960

3,860

Trade creditors

-

16,108

Taxation and social security

6,980

8,194

Other creditors

1,080

17,858

12,020

46,020

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

9,316

13,292

8

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank borrowings

3,960

3,860

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

9,316

13,292

 

A Sly Consulting Limited

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

9

Related party transactions

Transactions with the director

2023

At 1 April 2022
£

Repayments by director
£

At 31 March 2023
£

Mr A J Sly

Loan to the director

629

(629)

-

       
     

 

2022

At 1 April 2021
£

Advances to director
£

At 31 March 2022
£

Mr A J Sly

Loan to the director

-

629

629