IRIS Accounts Production v23.1.5.20 05437285 director 1.6.22 31.5.23 31.5.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure054372852022-05-31054372852023-05-31054372852022-06-012023-05-31054372852021-05-31054372852021-06-012022-05-31054372852022-05-3105437285ns16:EnglandWales2022-06-012023-05-3105437285ns15:PoundSterling2022-06-012023-05-3105437285ns11:Director12022-06-012023-05-3105437285ns11:CompanySecretary12022-06-012023-05-3105437285ns11:PrivateLimitedCompanyLtd2022-06-012023-05-3105437285ns11:SmallEntities2022-06-012023-05-3105437285ns11:AuditExemptWithAccountantsReport2022-06-012023-05-3105437285ns11:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3105437285ns11:SmallCompaniesRegimeForAccounts2022-06-012023-05-3105437285ns11:FullAccounts2022-06-012023-05-3105437285ns11:RegisteredOffice2022-06-012023-05-3105437285ns6:CurrentFinancialInstruments2023-05-3105437285ns6:CurrentFinancialInstruments2022-05-3105437285ns6:ShareCapital2023-05-3105437285ns6:ShareCapital2022-05-3105437285ns6:RetainedEarningsAccumulatedLosses2023-05-3105437285ns6:RetainedEarningsAccumulatedLosses2022-05-3105437285ns6:FurnitureFittings2022-06-012023-05-3105437285ns6:ComputerEquipment2022-06-012023-05-3105437285ns6:OwnedAssets2022-06-012023-05-3105437285ns6:OwnedAssets2021-06-012022-05-3105437285ns6:FurnitureFittings2022-05-3105437285ns6:ComputerEquipment2022-05-3105437285ns6:FurnitureFittings2023-05-3105437285ns6:ComputerEquipment2023-05-3105437285ns6:FurnitureFittings2022-05-3105437285ns6:ComputerEquipment2022-05-31
REGISTERED NUMBER: 05437285 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31st May 2023

for

Sextant Consultancy Limited

Sextant Consultancy Limited (Registered number: 05437285)






Contents of the Financial Statements
for the Year Ended 31st May 2023




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Sextant Consultancy Limited

Company Information
for the Year Ended 31st May 2023







DIRECTOR: K J Harding





SECRETARY: Ms A Harding





REGISTERED OFFICE: 146 High Street
Billericay
Essex
CM12 9DF





REGISTERED NUMBER: 05437285 (England and Wales)





ACCOUNTANTS: K E Jay & Co
52 Fielding Way
Hutton
Brentwood
Essex
CM13 1JN

Sextant Consultancy Limited (Registered number: 05437285)

Report of the Director
for the Year Ended 31st May 2023

The director presents his report with the financial statements of the company for the year ended 31st May 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of shipping consultancy.

DIRECTOR
K J Harding held office during the whole of the period from 1st June 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Ms A Harding - Secretary


1st August 2023

Sextant Consultancy Limited (Registered number: 05437285)

Income Statement
for the Year Ended 31st May 2023

31.5.23 31.5.22
Notes £    £   

TURNOVER 24,347 22,797

Administrative expenses 20,151 26,297
OPERATING PROFIT/(LOSS) 4 4,196 (3,500 )

Interest receivable and similar income 1,068 813
PROFIT/(LOSS) BEFORE TAXATION 5,264 (2,687 )

Tax on profit/(loss) 778 (502 )
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

4,486

(2,185

)

Sextant Consultancy Limited (Registered number: 05437285)

Balance Sheet
31st May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,510 2,014

CURRENT ASSETS
Debtors 6 21 -
Cash at bank 32,782 65,273
32,803 65,273
CREDITORS
Amounts falling due within one year 7 2,600 1,760
NET CURRENT ASSETS 30,203 63,513
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,713

65,527

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 31,613 65,427
SHAREHOLDERS' FUNDS 31,713 65,527

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 1st August 2023 and were signed by:





K J Harding - Director


Sextant Consultancy Limited (Registered number: 05437285)

Notes to the Financial Statements
for the Year Ended 31st May 2023

1. STATUTORY INFORMATION

Sextant Consultancy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. OPERATING PROFIT/(LOSS)

The operating profit (2022 - operating loss) is stated after charging:

31.5.23 31.5.22
£    £   
Depreciation - owned assets 504 672

Sextant Consultancy Limited (Registered number: 05437285)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st June 2022
and 31st May 2023 4,542 12,771 17,313
DEPRECIATION
At 1st June 2022 3,734 11,565 15,299
Charge for year 202 302 504
At 31st May 2023 3,936 11,867 15,803
NET BOOK VALUE
At 31st May 2023 606 904 1,510
At 31st May 2022 808 1,206 2,014

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
VAT 21 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Tax 778 -
Social security and other taxes 49 56
Other creditors 651 610
Directors' current accounts 2 4
Accruals and deferred income 1,120 1,090
2,600 1,760