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REGISTERED NUMBER: 05573113 (England and Wales)








































Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Hudson Consultants Limited

Hudson Consultants Limited (Registered number: 05573113)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hudson Consultants Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr A Hudson
Mrs R Hudson





REGISTERED OFFICE: 511a London Road
Davenham
Northwich
Cheshire
CW9 8NA





REGISTERED NUMBER: 05573113 (England and Wales)





ACCOUNTANTS: Buxton Accounting LLP
Chartered Accountants
98 Middlewich Road
Northwich
Cheshire
CW9 7DA

Hudson Consultants Limited (Registered number: 05573113)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,545 2,302

CURRENT ASSETS
Debtors 5 18,677 31,807
Investments 6 119,544 119,674
Cash at bank 47,410 20,326
185,631 171,807
CREDITORS
Amounts falling due within one year 7 48,370 46,499
NET CURRENT ASSETS 137,261 125,308
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,806

127,610

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 139,706 127,510
SHAREHOLDERS' FUNDS 139,806 127,610

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Hudson Consultants Limited (Registered number: 05573113)

Balance Sheet - continued
31 October 2023


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 18 March 2024 and were signed on its behalf by:





Mr A Hudson - Director


Hudson Consultants Limited (Registered number: 05573113)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Hudson Consultants Limited 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.

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.

Hudson Consultants Limited (Registered number: 05573113)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


2. ACCOUNTING POLICIES - continued

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments
Classification
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and director's loans.

Recognition and measurement
Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Director's loans (being repayable on demand), trade debtors and trade creditors are measured at the
undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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.
Office equipment - 33% on cost

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.


Hudson Consultants Limited (Registered number: 05573113)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 November 2022 9,331
Additions 2,631
At 31 October 2023 11,962
DEPRECIATION
At 1 November 2022 7,029
Charge for year 2,388
At 31 October 2023 9,417
NET BOOK VALUE
At 31 October 2023 2,545
At 31 October 2022 2,302

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 18,677 31,807

Hudson Consultants Limited (Registered number: 05573113)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 119,544 119,674

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,636 5,637
Corporation tax 24,521 22,842
VAT 5,605 5,510
Directors' current accounts 11,508 11,510
Accrued expenses 1,100 1,000
48,370 46,499

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 November 2022 127,510
Profit for the year 88,927
Dividends (76,731 )
At 31 October 2023 139,706

10. RELATED PARTY DISCLOSURES

As at the balance sheet date, the directors were owed £11,508 (2022: £11,510) by the company.

11. ULTIMATE CONTROLLING PARTY

The Board of Directors, who own the Ordinary share capital of the company, are the ultimate controlling party of the company.