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Company registration number: 11042230
Heyshead Consulting Limited
Unaudited filleted financial statements
30 April 2024
Heyshead Consulting Limited
Contents
Directors and other information
Accountant's report
Statement of financial position
Notes to the financial statements
Heyshead Consulting Limited
Directors and other information
Directors D D Crack
L A Pilkington
Company number 11042230
Registered office 392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
Accountant Hailwood & Co.
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
Heyshead Consulting Limited
Chartered accountant's report to the board of directors on the preparation of the
unaudited statutory financial statements of Heyshead Consulting Limited
Year ended 30 April 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 April 2024 which comprise the statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Hailwood & Co.
Chartered Accountants
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
23 July 2024
Heyshead Consulting Limited
Statement of financial position
30 April 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 24,649 31,839
_______ _______
24,649 31,839
Current assets
Debtors 6 127,572 83,278
Cash at bank and in hand 23,022 22,666
_______ _______
150,594 105,944
Creditors: amounts falling due
within one year 7 ( 127,587) ( 119,624)
_______ _______
Net current assets/(liabilities) 23,007 ( 13,680)
_______ _______
Total assets less current liabilities 47,656 18,159
Creditors: amounts falling due
after more than one year 8 ( 46,120) ( 15,019)
_______ _______
Net assets 1,536 3,140
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,436 3,040
_______ _______
Shareholders funds 1,536 3,140
_______ _______
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- 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;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 23 July 2024 , and are signed on behalf of the board by:
L A Pilkington
Director
Company registration number: 11042230
Heyshead Consulting Limited
Notes to the financial statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 392-394 Hoylake Road, Moreton, Wirral, CH46 6DF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property - Over 10 Years
Fittings fixtures and equipment - 25 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Long leasehold property Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 and 30 April 2024 7,700 1,045 45,825 54,570
_______ _______ _______ _______
Depreciation
At 1 May 2023 1,540 605 20,586 22,731
Charge for the year 770 110 6,310 7,190
_______ _______ _______ _______
At 30 April 2024 2,310 715 26,896 29,921
_______ _______ _______ _______
Carrying amount
At 30 April 2024 5,390 330 18,929 24,649
_______ _______ _______ _______
At 30 April 2023 6,160 440 25,239 31,839
_______ _______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 43,961 -
Other debtors 83,611 83,278
_______ _______
127,572 83,278
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 12,603 20,227
Corporation tax 15,192 16,508
Social security and other taxes - 10,680
Other creditors 99,792 72,209
_______ _______
127,587 119,624
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 46,120 15,019
_______ _______
9. Controlling party
The company is controlled by the directors whose names are shown on the directors report.
10. Directors' advances, credits and guarantees
All movements on directors' advances, credits and guarantees, were as would be expected under normal market conditions, not material in terms of risk or benefits arising and would therefore not influence the users of these accounts when assessing the financial position of the company.