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Registration number: 08673368

Aldrich Consulting Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

Aldrich Consulting Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 12

 

Aldrich Consulting Limited

Company Information

Directors

Mr S Griffiths

Mrs C Griffiths

Registered office

The Hay Loft
Laws Lane
Mersham
Ashford
Kent
TN25 7HG

 

Aldrich Consulting Limited

(Registration number: 08673368)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

414

562

Investments

5

1

1

 

415

563

Current assets

 

Debtors

6

382,460

339,233

Cash at bank and in hand

 

42,837

23,512

 

425,297

362,745

Creditors: Amounts falling due within one year

7

(10,602)

(29,225)

Net current assets

 

414,695

333,520

Total assets less current liabilities

 

415,110

334,083

Creditors: Amounts falling due after more than one year

7

(34,479)

(12,141)

Provisions for liabilities

(79)

(107)

Net assets

 

380,552

321,835

Capital and reserves

 

Retained earnings

380,552

321,835

Shareholders' funds

 

380,552

321,835

 

Aldrich Consulting Limited

(Registration number: 08673368)
Balance Sheet as at 30 September 2023 (continued)

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 March 2024 and signed on its behalf by:
 

.........................................
Mr S Griffiths
Director

   
     
 

Aldrich Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Hay Loft
Laws Lane
Mersham
Ashford
Kent
TN25 7HG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Aldrich Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023 (continued)

2

Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

5 years straight line

Office equipment

5 years straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Aldrich Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023 (continued)

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Aldrich Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 October 2022

740

740

At 30 September 2023

740

740

Depreciation

At 1 October 2022

178

178

Charge for the year

148

148

At 30 September 2023

326

326

Carrying amount

At 30 September 2023

414

414

At 30 September 2022

562

562

 

Aldrich Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023 (continued)

5

Investments

2023
£

2022
£

Investments in subsidiaries

1

1

Subsidiaries

£

Cost or valuation

At 1 October 2022

1

Provision

Carrying amount

At 30 September 2023

1

At 30 September 2022

1

6

Debtors

Current

2023
£

2022
£

Trade debtors

16,608

49,500

Prepayments

810

-

Other debtors

365,042

289,733

 

382,460

339,233

 

Aldrich Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023 (continued)

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

10,512

11,039

Trade creditors

 

90

458

Taxation and social security

 

-

17,728

 

10,602

29,225

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

34,479

12,141

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

34,479

12,141

Current loans and borrowings

2023
£

2022
£

Bank borrowings

9,542

9,480

Directors current account

970

1,559

10,512

11,039

 

Aldrich Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023 (continued)

9

Dividends

Interim dividends paid

2023
£

2022
£

Interim dividend of £166.67 (2022 - £333.33) per each Ordinary shares

2,000

4,000

 

 

10

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

8,784

8,784

Contributions paid to money purchase schemes

30,000

-

38,784

8,784

Dividends paid to directors

2023
£

2022
£

Mr S Griffiths

Interim dividends

1,000

2,000

 

 

Mrs C Griffiths

Interim dividends

1,000

2,000

 

 

Loans to related parties

2023

Subsidiary
£

Total
£

At start of period

289,733

289,733

Advanced

74,000

74,000

At end of period

363,733

363,733

 

Aldrich Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023 (continued)

10

Related party transactions (continued)

2022

Subsidiary
£

Total
£

At start of period

208,100

208,100

Advanced

81,633

81,633

At end of period

289,733

289,733

 

Aldrich Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023 (continued)

10

Related party transactions (continued)

Terms of loans to related parties

There are no terms of repayment or interest charged on loans owed by subsidiaries.
 

Loans from related parties

2023

Key management
£

Total
£

At start of period

1,547

1,547

Repaid

(576)

(576)

At end of period

971

971

2022

Key management
£

Total
£

At start of period

1,751

1,751

Repaid

(204)

(204)

At end of period

1,547

1,547

Terms of loans from related parties

There are no terms of repayment or interest charged on the loans owed to key management.