IRIS Accounts Production v24.1.4.33 09810059 director 1.11.22 31.10.23 31.10.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh098100592022-10-31098100592023-10-31098100592022-11-012023-10-31098100592021-10-31098100592021-11-012022-10-31098100592022-10-3109810059ns15:EnglandWales2022-11-012023-10-3109810059ns14:PoundSterling2022-11-012023-10-3109810059ns10:Director12022-11-012023-10-3109810059ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3109810059ns10:SmallEntities2022-11-012023-10-3109810059ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3109810059ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3109810059ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3109810059ns10:FullAccounts2022-11-012023-10-3109810059ns10:OrdinaryShareClass12022-11-012023-10-3109810059ns10:RegisteredOffice2022-11-012023-10-3109810059ns5:CurrentFinancialInstruments2023-10-3109810059ns5:CurrentFinancialInstruments2022-10-3109810059ns5:ShareCapital2023-10-3109810059ns5:ShareCapital2022-10-3109810059ns5:RetainedEarningsAccumulatedLosses2023-10-3109810059ns5:RetainedEarningsAccumulatedLosses2022-10-3109810059ns5:PlantMachinery2022-11-012023-10-3109810059ns5:OwnedAssets2022-11-012023-10-3109810059ns5:OwnedAssets2021-11-012022-10-3109810059ns10:OrdinaryShareClass12021-11-012022-10-3109810059ns5:PlantMachinery2022-10-3109810059ns5:PlantMachinery2023-10-3109810059ns5:PlantMachinery2022-10-3109810059ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3109810059ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3109810059ns10:OrdinaryShareClass12023-10-3109810059ns5:RetainedEarningsAccumulatedLosses2022-10-3109810059ns5:RetainedEarningsAccumulatedLosses2022-11-012023-10-31
REGISTERED NUMBER: 09810059 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 October 2023

for

Working Capital Consultancy Ltd

Working Capital Consultancy Ltd (Registered number: 09810059)






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




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Working Capital Consultancy Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: M Sterling





REGISTERED OFFICE: 23 Sheephouse Green
Wotton
Dorking
Surrey
RH5 6QW





REGISTERED NUMBER: 09810059 (England and Wales)





ACCOUNTANTS: Ascott Blake Ltd
11 Ducketts Wharf
Bishop's Stortford
Hertfordshire
CM23 3AR

Working Capital Consultancy Ltd (Registered number: 09810059)

Report of the Director
for the Year Ended 31 October 2023

The director presents his report with the financial statements of the company for the year ended 31 October 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of accounting and management advisory activities.

DIRECTOR
M Sterling held office during the whole of the period from 1 November 2022 to the date of this report.

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

ON BEHALF OF THE BOARD:





M Sterling - Director


29 July 2024

Working Capital Consultancy Ltd (Registered number: 09810059)

Income Statement
for the Year Ended 31 October 2023

31/10/23 31/10/22
Notes £    £   

TURNOVER 40,449 90,596

Cost of sales 442 2,416
GROSS PROFIT 40,891 93,012

Administrative expenses (26,760 ) (59,156 )
OPERATING PROFIT 4 14,131 33,856


Interest payable and similar expenses (141 ) (227 )
PROFIT BEFORE TAXATION 13,990 33,629

Tax on profit 5 (2,739 ) (6,549 )
PROFIT FOR THE FINANCIAL YEAR 11,251 27,080

Working Capital Consultancy Ltd (Registered number: 09810059)

Balance Sheet
31 October 2023

31/10/23 31/10/22
Notes £    £   
FIXED ASSETS
Tangible assets 7 263 504

CURRENT ASSETS
Debtors 8 112,870 77,640
Cash at bank 455 17,540
113,325 95,180
CREDITORS
Amounts falling due within one year 9 (117,170 ) (110,517 )
NET CURRENT LIABILITIES (3,845 ) (15,337 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,582

)

(14,833

)

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 (3,682 ) (14,933 )
SHAREHOLDERS' FUNDS (3,582 ) (14,833 )

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 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.

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

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





M Sterling - Director


Working Capital Consultancy Ltd (Registered number: 09810059)

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

1. STATUTORY INFORMATION

Working Capital 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.

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.
Plant and machinery etc - 25% 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.

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 (2022 - 1 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31/10/23 31/10/22
£    £   
Depreciation - owned assets 241 240

Working Capital Consultancy Ltd (Registered number: 09810059)

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

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31/10/23 31/10/22
£    £   
Current tax:
UK corporation tax 2,739 6,549
Tax on profit 2,739 6,549

6. DIVIDENDS
31/10/23 31/10/22
£    £   
Ordinary shares of 1 each
Interim - 25,500

7. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 2,060
DEPRECIATION
At 1 November 2022 1,556
Charge for year 241
At 31 October 2023 1,797
NET BOOK VALUE
At 31 October 2023 263
At 31 October 2022 504

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 52,870 17,640
Other debtors 60,000 60,000
112,870 77,640

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans and overdrafts 6,083 8,313
Trade creditors 48 41
Taxation and social security 20,278 21,972
Other creditors 90,761 80,191
117,170 110,517

Working Capital Consultancy Ltd (Registered number: 09810059)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/23 31/10/22
value: £    £   
100 Ordinary 1 100 100

11. RESERVES
Retained
earnings
£   

At 1 November 2022 (14,933 )
Profit for the year 11,251
At 31 October 2023 (3,682 )