Consider 64 Ltd 12547752 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is Other service activities Digita Accounts Production Advanced 6.30.9574.0 true true 12547752 2022-05-01 2023-04-30 12547752 2023-04-30 12547752 bus:OrdinaryShareClass1 2023-04-30 12547752 core:CurrentFinancialInstruments 2023-04-30 12547752 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 12547752 core:FurnitureFittingsToolsEquipment 2023-04-30 12547752 bus:SmallEntities 2022-05-01 2023-04-30 12547752 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 12547752 bus:AbridgedAccounts 2022-05-01 2023-04-30 12547752 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 12547752 bus:RegisteredOffice 2022-05-01 2023-04-30 12547752 bus:CompanySecretaryDirector1 2022-05-01 2023-04-30 12547752 bus:Director1 2022-05-01 2023-04-30 12547752 bus:Director4 2022-05-01 2023-04-30 12547752 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 12547752 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 12547752 core:FurnitureFittings 2022-05-01 2023-04-30 12547752 core:FurnitureFittingsToolsEquipment 2022-05-01 2023-04-30 12547752 countries:England 2022-05-01 2023-04-30 12547752 2022-04-30 12547752 core:FurnitureFittingsToolsEquipment 2022-04-30 12547752 2021-05-01 2022-04-30 12547752 2022-04-30 12547752 bus:OrdinaryShareClass1 2022-04-30 12547752 core:CurrentFinancialInstruments 2022-04-30 12547752 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 12547752 core:FurnitureFittingsToolsEquipment 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12547752

Consider 64 Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2023

 

Consider 64 Ltd

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 7

 

Consider 64 Ltd

Company Information

Directors

Maxine Andrews

Darren Andrews

George Andrews

Company secretary

Darren Andrews

Registered office

Charles Rippin & Turner
Middlesex House
130 College Road
Harrow
Middlesex
HA1 1BQ

Accountants

Charles Rippin & Turner
Middlesex House
130 College Road
Harrow
Middlesex
HA1 1BQ

 

Consider 64 Ltd

(Registration number: 12547752)
Abridged Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

382,168

83,910

Current assets

 

Debtors

5

150,811

98,708

Cash at bank and in hand

 

434,287

149,291

 

585,098

247,999

Creditors: Amounts falling due within one year

(196,403)

(79,383)

Net current assets

 

388,695

168,616

Net assets

 

770,863

252,526

Capital and reserves

 

Retained earnings

770,863

252,526

Shareholders' funds

 

770,863

252,526

For the financial year ending 30 April 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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 8 August 2023 and signed on its behalf by:
 

.........................................
Darren Andrews
Company secretary and director

 

Consider 64 Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2023

1

General information

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

The address of its registered office is:
Charles Rippin & Turner
Middlesex House
130 College Road
Harrow
Middlesex
HA1 1BQ

These financial statements were authorised for issue by the Board on 8 August 2023.

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 abridged 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 abridged 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 current 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.

 

Consider 64 Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2023

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

Fictures and fittings

12% Reducing balance

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.

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.

 

Consider 64 Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 0).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2022

93,908

93,908

Additions

312,449

312,449

At 30 April 2023

406,357

406,357

Depreciation

At 1 May 2022

9,998

9,998

Charge for the year

14,191

14,191

At 30 April 2023

24,189

24,189

Carrying amount

At 30 April 2023

382,168

382,168

At 30 April 2022

83,910

83,910

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Share of £1 each

1

1

1

1

         

7

Dividends

The directors are recommending a final dividend of £Nil (2022 - £Nil) per share totalling £Nil (2022 - £Nil). This dividend has not been accrued in the balance sheet.

Recommended final dividends paid and not recognised in the accounts

The directors are recommending the following final dividends:

 

Consider 64 Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2023

These dividends have not been accrued in the balance sheet.

8

Related party transactions

 

Consider 64 Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2023

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

56,145

-