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Company No: 12494502 (England and Wales)

4GM CONSULTING LIMITED

Unaudited Financial Statements
For the financial period from 01 April 2023 to 31 January 2024
Pages for filing with the registrar

4GM CONSULTING LIMITED

Unaudited Financial Statements

For the financial period from 01 April 2023 to 31 January 2024

Contents

4GM CONSULTING LIMITED

COMPANY INFORMATION

For the financial period from 01 April 2023 to 31 January 2024
4GM CONSULTING LIMITED

COMPANY INFORMATION (continued)

For the financial period from 01 April 2023 to 31 January 2024
DIRECTOR Paul Hollingworth
REGISTERED OFFICE The Moat House
7 Hereford Road
Monmouth
NP25 3PB
Wales
United Kingdom
COMPANY NUMBER 12494502 (England and Wales)
ACCOUNTANT Jones & Co limited
Wellington House
Aviator Court
York
YO30 4UZ
United Kingdom
4GM CONSULTING LIMITED

BALANCE SHEET

As at 31 January 2024
4GM CONSULTING LIMITED

BALANCE SHEET (continued)

As at 31 January 2024
Note 31.01.2024 31.03.2023
£ £
Fixed assets
Intangible assets 3 0 35,068
Tangible assets 4 0 5,492
0 40,560
Current assets
Cash at bank and in hand 5 825 16,818
825 16,818
Creditors: amounts falling due within one year 6 ( 23,088) ( 38,656)
Net current liabilities (22,263) (21,838)
Total assets less current liabilities (22,263) 18,722
Net (liabilities)/assets ( 22,263) 18,722
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 22,363 ) 18,622
Total shareholder's (deficit)/funds ( 22,263) 18,722

For the financial period ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of 4GM Consulting Limited (registered number: 12494502) were approved and authorised for issue by the Director on 14 March 2024. They were signed on its behalf by:

Paul Hollingworth
Director
4GM CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 April 2023 to 31 January 2024
4GM CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 April 2023 to 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

4GM Consulting Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Moat House, 7 Hereford Road, Monmouth, NP25 3PB, Wales, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

In 2023 the director made the decision that the Company would cease trading . As a result the financial statements have been prepared on a basis other than the going concern basis of preparation. The director has included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date and where appropriate the Company's assets have been written down to their net realisable value.

Reporting period length

Reporting period length for 2024 has been shorten to 10 months, following the change in year-end from March 2024 to January 2024. As such, the comparatives in the financial statements are not entirely comparable.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 10 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is [number] years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Employees

Period from
01.04.2023 to
31.01.2024
Year ended
31.03.2023
Number Number
Monthly average number of persons employed by the Company during the period, including the director 1 1

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 April 2023 50,000 50,000
Disposals ( 50,000) ( 50,000)
At 31 January 2024 0 0
Accumulated amortisation
At 01 April 2023 14,932 14,932
Disposals ( 14,932) ( 14,932)
At 31 January 2024 0 0
Net book value
At 31 January 2024 0 0
At 31 March 2023 35,068 35,068

4. Tangible assets

Computer equipment Total
£ £
Cost
At 01 April 2023 12,118 12,118
Additions 887 887
Disposals ( 13,005) ( 13,005)
At 31 January 2024 0 0
Accumulated depreciation
At 01 April 2023 6,626 6,626
Disposals ( 6,626) ( 6,626)
At 31 January 2024 0 0
Net book value
At 31 January 2024 0 0
At 31 March 2023 5,492 5,492

5. Cash and cash equivalents

31.01.2024 31.03.2023
£ £
Cash at bank and in hand 825 16,818

6. Creditors: amounts falling due within one year

31.01.2024 31.03.2023
£ £
Taxation and social security 108 11,728
Other creditors 22,980 26,928
23,088 38,656

7. Called-up share capital

31.01.2024 31.03.2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100