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REGISTERED NUMBER: SC413868 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Urchin Consultants Ltd

Urchin Consultants Ltd (Registered number: SC413868)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Urchin Consultants Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr A Clark





REGISTERED OFFICE: Crosshill
New Deer
Turriff
AB53 6TL





REGISTERED NUMBER: SC413868 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Urchin Consultants Ltd (Registered number: SC413868)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,105 11,988

CURRENT ASSETS
Debtors 5 10,678 19,739
Cash at bank 27,049 33,444
37,727 53,183
CREDITORS
Amounts falling due within one year 6 18,809 23,220
NET CURRENT ASSETS 18,918 29,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,023

41,951

PROVISIONS FOR LIABILITIES 3,716 2,278
NET ASSETS 35,307 39,673

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 35,305 39,671
35,307 39,673

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Urchin Consultants Ltd (Registered number: SC413868)

Balance Sheet - continued
31 January 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





Mr A Clark - Director


Urchin Consultants Ltd (Registered number: SC413868)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Urchin Consultants Ltd is a private company, limited by shares , registered in Scotland. 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.

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.
Improvements to property - 10% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 1 (2023 - 1 ) .

Urchin Consultants Ltd (Registered number: SC413868)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 - 2,357 49,435 42,319 94,111
Additions 11,733 - - 1,039 12,772
Disposals - - - (138 ) (138 )
At 31 January 2024 11,733 2,357 49,435 43,220 106,745
DEPRECIATION
At 1 February 2023 - 1,831 45,208 35,084 82,123
Charge for year 1,173 106 1,057 2,319 4,655
Eliminated on disposal - - - (138 ) (138 )
At 31 January 2024 1,173 1,937 46,265 37,265 86,640
NET BOOK VALUE
At 31 January 2024 10,560 420 3,170 5,955 20,105
At 31 January 2023 - 526 4,227 7,235 11,988

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 10,530 12,147
Other debtors 148 7,592
10,678 19,739

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security 15,679 21,720
Other creditors 3,130 1,500
18,809 23,220

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Mr A Clark
Balance outstanding at start of year 7,460 (1,225 )
Amounts advanced - 9,375
Amounts repaid (8,890 ) (690 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,430 ) 7,460

Urchin Consultants Ltd (Registered number: SC413868)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Clark.