Registered number
09209274
Oldham & Consulting Ltd
Unaudited Filleted Accounts
30 September 2023
Oldham & Consulting Ltd
Registered number: 09209274
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 482 723
Current assets
Debtors 4 11,710 29,965
Cash at bank and in hand 8,639 6,787
20,349 36,752
Creditors: amounts falling due within one year 5 (20,339) (25,488)
Net current assets 10 11,264
Total assets less current liabilities 492 11,987
Provisions for liabilities (91) (137)
Net assets 401 11,850
Capital and reserves
Called up share capital 100 100
Profit and loss account 301 11,750
Shareholders' funds 401 11,850
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr R Oldham
Director
Approved by the board on 20 February 2024
Oldham & Consulting Ltd
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office & Computer Equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office & Computer Equipment
£
Cost
At 1 October 2022 1,570
At 30 September 2023 1,570
Depreciation
At 1 October 2022 847
Charge for the year 241
At 30 September 2023 1,088
Net book value
At 30 September 2023 482
At 30 September 2022 723
4 Debtors 2023 2022
£ £
Trade debtors 8,535 29,400
Directors account 3,051 -
Prepayments 124 565
11,710 29,965
5 Creditors: amounts falling due within one year 2023 2022
£ £
Directors Account - 2,280
Taxation and social security costs 17,328 19,740
Other creditors 3,011 3,468
20,339 25,488
6 Other information
Oldham & Consulting Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Kemp House
160 City Road
London
EC1V 2NX
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