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REGISTERED NUMBER: 07642983 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

MICHAEL ALBOROUGH CONSULTING LTD

MICHAEL ALBOROUGH CONSULTING LTD (REGISTERED NUMBER: 07642983)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MICHAEL ALBOROUGH CONSULTING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: M J Alborough
I Alborough





REGISTERED OFFICE: 23 Highacre
Dorking
Surrey
RH4 3BF





REGISTERED NUMBER: 07642983 (England and Wales)





ACCOUNTANTS: GBJ Financial Limited
Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW

MICHAEL ALBOROUGH CONSULTING LTD (REGISTERED NUMBER: 07642983)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,749 3,161

CURRENT ASSETS
Stocks 10,415 18,691
Debtors 5 18,648 52,074
Investments 6 92,768 93,013
Cash at bank 297,087 295,522
418,918 459,300
CREDITORS
Amounts falling due within one year 7 27,120 76,535
NET CURRENT ASSETS 391,798 382,765
TOTAL ASSETS LESS CURRENT
LIABILITIES

393,547

385,926

CAPITAL AND RESERVES
Called up share capital 20 3
Retained earnings 393,527 385,923
SHAREHOLDERS' FUNDS 393,547 385,926

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

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

The directors acknowledge their 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.

MICHAEL ALBOROUGH CONSULTING LTD (REGISTERED NUMBER: 07642983)

BALANCE SHEET - continued
31 MAY 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by:





M J Alborough - Director


MICHAEL ALBOROUGH CONSULTING LTD (REGISTERED NUMBER: 07642983)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Michael Alborough Consulting Ltd 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.
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MICHAEL ALBOROUGH CONSULTING LTD (REGISTERED NUMBER: 07642983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2022 5,629
Additions 259
At 31 May 2023 5,888
DEPRECIATION
At 1 June 2022 2,468
Charge for year 1,671
At 31 May 2023 4,139
NET BOOK VALUE
At 31 May 2023 1,749
At 31 May 2022 3,161

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,201 49,193
Other debtors 1,447 2,881
18,648 52,074

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 92,768 93,013

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,955 -
Taxation and social security 23,840 58,718
Other creditors 325 17,817
27,120 76,535

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the period end the company owed Mr Alborough, a director of the company, £79 (2022: £17,543).