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REGISTERED NUMBER: 02511268 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Focus Management Consultants Limited

Focus Management Consultants Limited (Registered number: 02511268)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Focus Management Consultants Limited (Registered number: 02511268)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,116 7,673

CURRENT ASSETS
Debtors 5 730,678 871,370
Cash at bank 33,285 133,286
763,963 1,004,656
CREDITORS
Amounts falling due within one year 6 (276,494 ) (317,579 )
NET CURRENT ASSETS 487,469 687,077
TOTAL ASSETS LESS CURRENT LIABILITIES 492,585 694,750

CREDITORS
Amounts falling due after more than one
year

7

(95,834

)

(145,833

)
NET ASSETS 396,751 548,917

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 395,751 547,917
SHAREHOLDERS' FUNDS 396,751 548,917

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by:



Ms M Williams - Director


Focus Management Consultants Limited (Registered number: 02511268)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Focus Management Consultants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02511268

Registered office: Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

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, net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 33% on reducing balance
Computer equipment - 33% 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.

Focus Management Consultants Limited (Registered number: 02511268)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
Contributions to the group’s defined contribution pension scheme are charged to profit or loss in the year in which they become payable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 138 20,255 20,393
DEPRECIATION
At 1 July 2022 118 12,602 12,720
Charge for year 6 2,551 2,557
At 30 June 2023 124 15,153 15,277
NET BOOK VALUE
At 30 June 2023 14 5,102 5,116
At 30 June 2022 20 7,653 7,673

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 145,060 260,170
Amounts owed by group undertakings 539,018 536,750
Other debtors 46,600 74,450
730,678 871,370

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 28,238 30,312
Taxation and social security 83,028 114,558
Other creditors 115,228 122,709
276,494 317,579

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 95,834 145,833

Focus Management Consultants Limited (Registered number: 02511268)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.23 30.6.22
£    £   
Within one year 910 5,460

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
Mr S R Jones
Balance outstanding at start of year 4,655 1,548
Amounts advanced - 5,633
Amounts repaid (4,655 ) (2,526 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 4,655

Loans were repaid within 9 months of the company year end.