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REGISTERED NUMBER: 12024009 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

David Fenton Consultancy Ltd

David Fenton Consultancy Ltd (Registered number: 12024009)

Contents of the Financial Statements
for the year ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


David Fenton Consultancy Ltd

Company Information
for the year ended 31 May 2023







DIRECTORS: D J Fenton
Mrs S J Fenton





REGISTERED OFFICE: Kenton House
Oxford Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA





REGISTERED NUMBER: 12024009 (England and Wales)





ACCOUNTANTS: Tayabali Tomlin
Chartered Accountants
Kenton House
Oxford Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA

David Fenton Consultancy Ltd (Registered number: 12024009)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,907 32,728

CURRENT ASSETS
Debtors 5 245,867 337,272
Cash at bank and in hand 1,889 45,223
247,756 382,495
CREDITORS
Amounts falling due within one year 6 269,122 365,149
NET CURRENT (LIABILITIES)/ASSETS (21,366 ) 17,346
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,541

50,074

CREDITORS
Amounts falling due after more than one
year

7

(30,125

)

(40,413

)

PROVISIONS FOR LIABILITIES (4,922 ) (6,218 )
NET (LIABILITIES)/ASSETS (30,506 ) 3,443

David Fenton Consultancy Ltd (Registered number: 12024009)

Balance Sheet - continued
31 May 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (30,606 ) 3,343
(30,506 ) 3,443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by:





D J Fenton - Director


David Fenton Consultancy Ltd (Registered number: 12024009)

Notes to the Financial Statements
for the year ended 31 May 2023


1. STATUTORY INFORMATION

David Fenton Consultancy Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors consider that in preparing the financial statements they have taken into account all information available, and on this basis the financial statements are prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


David Fenton Consultancy Ltd (Registered number: 12024009)

Notes to the Financial Statements - continued
for the year ended 31 May 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2022 24,438 22,664 47,102
Additions - 1,813 1,813
At 31 May 2023 24,438 24,477 48,915
DEPRECIATION
At 1 June 2022 6,741 7,633 14,374
Charge for year 4,424 4,210 8,634
At 31 May 2023 11,165 11,843 23,008
NET BOOK VALUE
At 31 May 2023 13,273 12,634 25,907
At 31 May 2022 17,697 15,031 32,728

David Fenton Consultancy Ltd (Registered number: 12024009)

Notes to the Financial Statements - continued
for the year ended 31 May 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 245,867 337,272

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,789 9,587
Trade creditors 63,299 141,656
Taxation and social security 192,112 210,261
Other creditors 3,922 3,645
269,122 365,149

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 30,125 40,413

8. RELATED PARTY DISCLOSURES

Included within debtors is a director's current account in the sum of £243,708 (2022: £329,838). The account is unsecured, accrues interest at HM Revenue & Customs official rate and was repaid within nine months of the year end.