Company registration number 13821413 (England and Wales)
RELEVENT CONSULTING LIMITED
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
RELEVENT CONSULTING LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
1
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,807
2,080
Current assets
Debtors
4
13,665
17,391
Investments
5
16,929
-
0
Cash at bank and in hand
78,051
59,028
108,645
76,419
Creditors: amounts falling due within one year
6
(44,706)
(41,158)
Net current assets
63,939
35,261
Net assets
65,746
37,341
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
65,646
37,241
Total equity
65,746
37,341

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

RELEVENT CONSULTING LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
31 December 2023
2
The financial statements were approved by the board of directors and authorised for issue on 1 August 2024 and are signed on its behalf by:
Mr AJ McCarthy
Director
Company Registration No. 13821413
RELEVENT CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
3
1
Accounting policies
Company information

Relevent Consulting 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.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention with the exception of current asset investments which are held at fair market value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of value added taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
3 years Straight Line
Computers
3 years Straight Line

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.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

RELEVENT CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies (Continued)
4
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Current Asset Investments

Listed current asset investments are initially recognised at transaction price plus directly related incremental transaction costs and are subsequently carried at fair value based on quoted market price on the balance sheet. Changes in the fair value of listed current asset investments is included in net profit or loss for the period. Investment income on listed current asset investments is recognised in the profit and loss account as it accrues.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities classified as payable within one year are not amortised.

1.5
Taxation
Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
RELEVENT CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023
3,120
Additions
1,148
At 31 December 2023
4,268
Depreciation and impairment
At 1 January 2023
1,040
Depreciation charged in the year
1,421
At 31 December 2023
2,461
Carrying amount
At 31 December 2023
1,807
At 31 December 2022
2,080
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
13,665
17,391
5
Current asset investments
2023
2022
£
£
Listed investments
16,929
-
0
RELEVENT CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
6
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
-
0
609
Taxation and social security
40,066
34,361
Other creditors
4,640
6,188
44,706
41,158
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