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Company Registration No. 11059025 (England and Wales)
First Bit Consulting Ltd Unaudited accounts for the period from 1 December 2021 to 31 May 2023
First Bit Consulting Ltd Unaudited accounts Contents
Page
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First Bit Consulting Ltd Company Information for the period from 1 December 2021 to 31 May 2023
Director
JOHN HACKETT
Company Number
11059025 (England and Wales)
Registered Office
79 QUEEN STREET RETFORD NOTTINGHAMSHIRE DN22 7BY
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First Bit Consulting Ltd Statement of financial position as at 31 May 2023
2023 
2021 
Notes
£ 
£ 
Current assets
Debtors
100 
22,350 
Cash at bank and in hand
- 
2,295 
100 
24,645 
Creditors: amounts falling due within one year
747 
(3,287)
Net current assets
847 
21,358 
Net assets
847 
21,358 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
747 
21,258 
Shareholders' funds
847 
21,358 
For the period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2023 and were signed on its behalf by
JOHN HACKETT Director Company Registration No. 11059025
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First Bit Consulting Ltd Notes to the Accounts for the period from 1 December 2021 to 31 May 2023
1
Statutory information
First Bit Consulting Ltd is a private company, limited by shares, registered in England and Wales, registration number 11059025. The registered office is 79 QUEEN STREET, RETFORD, NOTTINGHAMSHIRE, DN22 7BY. The company is in the process of being wound up.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
- 50% on cost
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 December 2021
1,336 
Disposals
(1,336)
At 31 May 2023
- 
Depreciation
At 1 December 2021
1,336 
On disposals
(1,336)
At 31 May 2023
- 
Net book value
At 31 May 2023
- 
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First Bit Consulting Ltd Notes to the Accounts for the period from 1 December 2021 to 31 May 2023
5
Debtors
2023 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
100 
16,100 
Other debtors
- 
6,250 
100 
22,350 
6
Creditors: amounts falling due within one year
2023 
2021 
£ 
£ 
Trade creditors
558 
(891)
Taxes and social security
10,416 
4,178 
Loans from directors
(11,721)
- 
(747)
3,287 
7
Share capital
2023 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
JOHN HACKETT
Advances
6,150 
5,571 
- 
11,721 
6,150 
5,571 
- 
11,721 
9
Transactions with related parties
During the year, total dividends of £64,870 (2022 - £13,949) were paid to J Hackett
10
Controlling party
The ultimate controlling party is J Hackett
11
Average number of employees
During the period the average number of employees was 1 (2021: 1).
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