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Registration number: 12267985

Scott Moody Consulting Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Scott Moody Consulting Ltd

Contents

Company Information

1

Director's Report

2

Profit and Loss Account

3

Statement of Comprehensive Income

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 12

 

Scott Moody Consulting Ltd

Company Information

Director

Mr Scott Moody

Registered office

Shrubs
Studland Avenue
Wickford
Essex
SS12 0JF

Accountants

CityTrust Accounts Limited
Chartered Certified Accountant
17 Skelton Close
Lawford
Manningtree
Essex
CO11 2HT

 

Scott Moody Consulting Ltd

Director's Report for the Year Ended 31 October 2023

The director presents his report and the financial statements for the year ended 31 October 2023.

Director of the company

The director who held office during the year was as follows:

Mr Scott Moody

Principal activity

The principal activity of the company is Building Consultancy Services

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 29 July 2024
 

.........................................
Mr Scott Moody
Director

 

Scott Moody Consulting Ltd

Profit and Loss Account for the Year Ended 31 October 2023

Note

2023
£

2022
£

Turnover

 

129,356

132,336

Cost of sales

 

(128)

(576)

Gross profit

 

129,228

131,760

Administrative expenses

 

(49,854)

(60,370)

Operating profit

 

79,374

71,390

Profit before tax

4

79,374

71,390

Tax on profit

 

(16,072)

(13,579)

Profit for the financial year

 

63,302

57,811

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Scott Moody Consulting Ltd

Statement of Comprehensive Income for the Year Ended 31 October 2023

2023
£

2022
£

Profit for the year

63,302

57,811

Total comprehensive income for the year

63,302

57,811

 

Scott Moody Consulting Ltd

(Registration number: 12267985)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

1,312

-

Current assets

 

Debtors

6

53,682

40,867

Cash at bank and in hand

 

4,846

4,242

 

58,528

45,109

Creditors: Amounts falling due within one year

7

(18,047)

(14,484)

Net current assets

 

40,481

30,625

Net assets

 

41,793

30,625

Capital and reserves

 

Called up share capital

8

10

10

Retained earnings

41,783

30,615

Shareholders' funds

 

41,793

30,625

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 29 July 2024
 

.........................................
Mr Scott Moody
Director

 

Scott Moody Consulting Ltd

Statement of Changes in Equity for the Year Ended 31 October 2023

Share capital
£

Retained earnings
£

Total
£

At 1 November 2022

10

30,615

30,625

Profit for the year

-

63,302

63,302

Dividends

-

(52,134)

(52,134)

At 31 October 2023

10

41,783

41,793

Share capital
£

Retained earnings
£

Total
£

At 1 November 2021

10

14,804

14,814

Profit for the year

-

57,811

57,811

Dividends

-

(42,000)

(42,000)

At 31 October 2022

10

30,615

30,625

 

Scott Moody Consulting Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Shrubs
Studland Avenue
Wickford
Essex
SS12 0JF
England

These financial statements were authorised for issue by the director on 29 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Scott Moody Consulting Ltd

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Scott Moody Consulting Ltd

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

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

437

-

 

Scott Moody Consulting Ltd

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

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

1,749

1,749

At 31 October 2023

1,749

1,749

Depreciation

Charge for the year

437

437

At 31 October 2023

437

437

Carrying amount

At 31 October 2023

1,312

1,312

6

Debtors

Current

2023
£

2022
£

Trade debtors

19,887

20,393

Other debtors

33,795

20,474

 

53,682

40,867

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

2,142

800

Taxation and social security

15,905

13,579

Other creditors

-

105

18,047

14,484

8

Share capital

Allotted, called up and fully paid shares

 

Scott Moody Consulting Ltd

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

2023

2022

No.

£

No.

£

Ordinary Shares of £1 each

10

10

10

10

       

9

Dividends

2023

2022

£

£

Interim dividend of £Nil (2022 - £4,200.00) per ordinary share

52,135

42,000

 

 

10

Related party transactions

 

Scott Moody Consulting Ltd

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

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

12,809

12,500