Registered number
09881162
Consultco Limited
Unaudited Filleted Accounts
5 April 2023
Consultco Limited
Registered number: 09881162
Balance Sheet
as at 5 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 244
Current assets
Debtors 4 270,988 -
Cash at bank and in hand 69,383 391,427
340,371 391,427
Creditors: amounts falling due within one year 5 (34,747) (204,224)
Net current assets 305,624 187,203
Total assets less current liabilities 305,624 187,447
Provisions for liabilities - (46)
Net assets 305,624 187,401
Capital and reserves
Called up share capital 1 1
Profit and loss account 305,623 187,400
Shareholder's funds 305,624 187,401
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.
S. Lasdas
Director
Approved by the board on 1 February 2024
Consultco Limited
Notes to the Accounts
for the year ended 5 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.
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:
Fixtures, fittings, tools and equipment over 3 years
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, other than loans to the director, 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, other than loans from the director, 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. 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. Current and deferred tax liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. All differences are charged to profit or loss.
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 6 April 2022 2,719
At 5 April 2023 2,719
Depreciation
At 6 April 2022 2,475
Charge for the year 244
At 5 April 2023 2,719
Net book value
At 5 April 2023 -
At 5 April 2022 244
4 Debtors 2023 2022
£ £
Other debtors 270,988 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 34,747 37,988
Other creditors - 166,236
34,747 204,224
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
S. Lasdas
Overdrawn director's loan account, interest free and repayable on demand - 270,988 - 270,988
- 270,988 - 270,988
7 Controlling party
The company is controlled by the director.
8 Other information
Consultco Limited is a private company limited by shares and incorporated in England. Its registered office is:
173 Laleham Road
London
SE6 2AE
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