Registered number
09551221
DIANA SHARP CONSULTANCY LIMITED
Filleted Accounts
30 April 2023
SAUNDERS & RICHARD LTD
Chartered Certified Accountants
187 WOODHOUSE ROAD
NORTH FINCHLEY
LONDON
N12 9AY
2451A-6
DIANA SHARP CONSULTANCY LIMITED
Registered number: 09551221
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 38,522 1,350
Current assets
Debtors 4 4,170 6,940
Cash at bank and in hand 2,667 12,008
6,837 18,948
Creditors: amounts falling due within one year 5 (45,138) (12,203)
Net current (liabilities)/assets (38,301) 6,745
Total assets less current liabilities 221 8,095
Creditors: amounts falling due after more than one year 6 (11,163) (11,626)
Provisions for liabilities (7,319) (284)
Net liabilities (18,261) (3,815)
Capital and reserves
Called up share capital 100 100
Profit and loss account (18,361) (3,915)
Shareholder's funds (18,261) (3,815)
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 her 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.
Mrs. D M Sharp
Director
Approved by the board on 17 January 2024
DIANA SHARP CONSULTANCY LIMITED
Notes to the Accounts
for the year ended 30 April 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 25% p.a on straight line
Fixtures, fittings and equipment 25% p.a on straight line
Motor Vehicle 20% p.a on straight line
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.
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.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office Fixtures, Fittings & Equipment Motor vehicle Total
£ £ £ £
Cost
At 1 May 2022 8,750 3,447 - 12,197
Additions - - 47,074 47,074
At 30 April 2023 8,750 3,447 47,074 59,271
Depreciation
At 1 May 2022 8,750 2,097 - 10,847
Charge for the year - 487 9,415 9,902
At 30 April 2023 8,750 2,584 9,415 20,749
Net book value
At 30 April 2023 - 863 37,659 38,522
At 30 April 2022 - 1,350 - 1,350
4 Debtors 2023 2022
£ £
Trade debtors 4,170 6,940
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 37,006 -
Taxation and social security costs 6,458 11,470
Other creditors 1,674 733
45,138 12,203
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 11,163 11,626
7 Controlling party
The company is controlled by D Sharp by virtue of having ownership of 100% of the issued ordinary share capital in the company.
8 Other information
DIANA SHARP CONSULTANCY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
2 NORTHEND COTTAGE
MUCH HADHAM
HERTS
SG10 6HQ
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