Company Registration No. 9288682 (England and Wales)
HGC Consultancy Limited
Unaudited accounts
for the year ended 31 October 2023
HGC Consultancy Limited
Unaudited accounts
Contents
HGC Consultancy Limited
Company Information
for the year ended 31 October 2023
Company Number
9288682 (England and Wales)
Registered Office
2 Penn Meadow
Stoke Poges
Buckinghamshire
SL2 4EB
Accountants
Karrie Taylor
40 Hazell Way
Stoke Poges
Bucks
SL24DD
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
HGC Consultancy Limited
for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of HGC Consultancy Limited for the year ended 31 October 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Karrie Taylor
Member in Practice
40 Hazell Way
Stoke Poges
Bucks
SL24DD
14 February 2024
HGC Consultancy Limited
Statement of financial position
as at 31 October 2023
Tangible assets
1,679
1,123
Cash at bank and in hand
84,497
82,332
Creditors: amounts falling due within one year
(60,940)
(55,555)
Net current assets
45,457
26,777
Called up share capital
100
100
Profit and loss account
47,036
27,800
Shareholders' funds
47,136
27,900
For the year ending 31 October 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 14 February 2024 and were signed on its behalf by
Jamie Cleary
Director
Company Registration No. 9288682
HGC Consultancy Limited
Notes to the Accounts
for the year ended 31 October 2023
HGC Consultancy Limited is a private company, limited by shares, registered in England and Wales, registration number 9288682. The registered office is 2 Penn Meadow, Stoke Poges, Buckinghamshire, SL2 4EB.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents amounts receivable for quantity surveying activities net of VAT and trade discounts.
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
33.3% on cost
Fixtures & fittings
33.3% on cost
4
Tangible fixed assets
Total
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
HGC Consultancy Limited
Notes to the Accounts
for the year ended 31 October 2023
6
Transactions with related parties
From incorporation until 1 April 2015 the company was solely controlled by J Cleary, the sold director, by virtue of owning 10% of the issued share capital.
After 1 April 2015, the company was jointly controlled by J Cleary and E Cleary as together they owned 100% of the issued share capital.
Included in other creditors is an amount of £2014 (2020: £102) owed to the director.
This amount is interest free and payable on demand.
During the period dividends totaling £36,000 (2020: £50,000) were paid to J Cleary, the director.
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).