Black Hat Consulting Ltd
Registered number: 08166328
Statement of Financial Position
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,202 1,231
Current assets
Debtors 4 478 3,264
Cash at bank and in hand 220,239 228,320
220,717 231,584
Creditors: amounts falling due within one year 5 (1,741) (9,190)
Net current assets 218,976 222,394
Net assets 221,178 223,625
Capital and reserves
Called up share capital 200 200
Profit and loss account 220,978 223,425
Shareholders' funds 221,178 223,625
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Kent
Director
Approved by the board on 29 November 2023
Black Hat Consulting Ltd
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Going concern
The company ceased trading in the prior year. The accounts have, therefore, not been produced on a going concern basis, with all assets being valued at their net realisable value.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees and directors 2023 2022
Number Number
Average number of directors and persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 6,109
Additions 1,705
At 31 August 2023 7,814
Depreciation
At 1 September 2022 4,878
Charge for the year 734
At 31 August 2023 5,612
Net book value
At 31 August 2023 2,202
At 31 August 2022 1,231
4 Debtors 2023 2022
£ £
Other debtors 478 3,264
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 42 170
Accruals 480 965
Corporation tax 449 8,055
Other taxes and social security costs 770 -
1,741 9,190
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
P Kent
Repayable on demand 3,010 - 2,779 231
3,010 - 2,779 231
7 Other information
Black Hat Consulting Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Halsted Tilford Road
Tilford
Farnham
GU10 2DE
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