1 March 2022 false No description of principal activity Taxfiler 2023.10.2 11826190business:PrivateLimitedCompanyLtd2022-03-012023-02-28 118261902022-02-28 118261902022-03-012023-02-28 11826190business:AuditExemptWithAccountantsReport2022-03-012023-02-28 11826190business:FilletedAccounts2022-03-012023-02-28 118261902023-02-28 11826190business:Director12022-03-012023-02-28 11826190business:RegisteredOffice2022-03-012023-02-28 118261902022-02-28 11826190core:WithinOneYear2023-02-28 11826190core:WithinOneYear2022-02-28 11826190core:AfterOneYear2023-02-28 11826190core:AfterOneYear2022-02-28 11826190core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 11826190core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 11826190core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 11826190core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 11826190core:PreviouslyStatedAmount2023-02-28 11826190core:PreviouslyStatedAmount2022-02-28 11826190business:SmallEntities2022-03-012023-02-28 11826190countries:EnglandWales2022-03-012023-02-28 11826190core:PlantMachinery2022-03-012023-02-28 11826190core:Goodwill2022-02-28 11826190core:Goodwill2023-02-28 11826190core:Goodwill2022-03-012023-02-28 11826190core:PlantMachinery2022-02-28 11826190core:PlantMachinery2023-02-28 118261902021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. 11826190 (England and Wales)
EVEREST CONSULTANCY LTD Unaudited accounts for the year ended 28 February 2023
EVEREST CONSULTANCY LTD Unaudited accounts Contents
Page
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EVEREST CONSULTANCY LTD Company Information for the year ended 28 February 2023
Director
Janga Bahadur Gurunng
Company Number
11826190 (England and Wales)
Registered Office
C/O THE ACCOUNTING PRACTICE LTD 2ND FLOO ALEXANDRA ROAD ALDERSHOT GU11 3HU ENGLAND
Accountants
Asmita & Associates Ltd 114-116 Plumstead High Street Plumstead London SE18 1SJ
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EVEREST CONSULTANCY LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
5,133 
5,833 
Tangible assets
7,477 
9,346 
12,610 
15,179 
Current assets
Debtors
28,114 
35,694 
Cash at bank and in hand
7,476 
6,701 
35,590 
42,395 
Creditors: amounts falling due within one year
(9,299)
(3,026)
Net current assets
26,291 
39,369 
Total assets less current liabilities
38,901 
54,548 
Creditors: amounts falling due after more than one year
(33,333)
(43,333)
Net assets
5,568 
11,215 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
5,468 
11,115 
Shareholders' funds
5,568 
11,215 
For the year ending 28 February 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
Janga Bahadur Gurunng Director Company Registration No. 11826190
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EVEREST CONSULTANCY LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
EVEREST CONSULTANCY LTD is a private company, limited by shares, registered in England and Wales, registration number 11826190. The registered office is C/O THE ACCOUNTING PRACTICE LTD 2ND FLOO, ALEXANDRA ROAD, ALDERSHOT, GU11 3HU, ENGLAND.
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 year, 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
20% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
7,000 
At 28 February 2023
7,000 
Amortisation
At 1 March 2022
1,167 
Charge for the year
700 
At 28 February 2023
1,867 
Net book value
At 28 February 2023
5,133 
At 28 February 2022
5,833 
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EVEREST CONSULTANCY LTD Notes to the Accounts for the year ended 28 February 2023
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2022
13,000 
At 28 February 2023
13,000 
Depreciation
At 1 March 2022
3,654 
Charge for the year
1,869 
At 28 February 2023
5,523 
Net book value
At 28 February 2023
7,477 
At 28 February 2022
9,346 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
28,114 
35,694 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
7,147 
1,891 
Other creditors
1,408 
31 
Accruals
744 
1,104 
9,299 
3,026 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
33,333 
43,333 
9
Transactions with related parties
The other debtors includes director's loan with debit balance £28,114 on which no interest has been charged to the Director. The condition of the loan in to repay within 9 months of the borrowing. There is no security held by the company against the loan.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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