Registered number
11674992
Economy Consulting Limited
Unaudited Filleted Accounts
(Dormant Accounts)
31 March 2023
Economy Consulting Limited
Registered number: 11674992
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 483 644
Current assets
Debtors 4 - 1,524
Cash at bank and in hand 1,832 8,598
1,832 10,122
Creditors: amounts falling due within one year 5 (656) (8,612)
Net current assets 1,176 1,510
Net assets 1,659 2,154
Capital and reserves
Called up share capital 10 10
Profit and loss account 1,649 2,144
Shareholder's funds 1,659 2,154
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 member has 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.
Dr. M J H Vaughan
Director
Approved by the board on 1 December 2023
Economy Consulting Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Tangible fixed assets
Tangible fixed assets are measured at cost less cumulative depreciation and any cumulative 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:
Fixtures, fittings, tools and equipment 25% reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 1,421
At 31 March 2023 1,421
Depreciation
At 1 April 2022 777
Charge for the year 161
At 31 March 2023 938
Net book value
At 31 March 2023 483
At 31 March 2022 644
4 Debtors 2023 2022
£ £
Other debtors - 1,524
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 240 450
Corporation tax (9) 4,991
Other creditors 425 3,171
656 8,612
6 Other information
Economy Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Hinksey Court
Church Way
Oxford
Oxfordshire
OX2 9SX
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