2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-03 Sage Accounts Production Advanced 2023 - FRS102_2023 532 532 80 80 452 xbrli:pure xbrli:shares iso4217:GBP 14776975 2023-04-03 2024-03-31 14776975 2024-03-31 14776975 2023-04-02 14776975 core:FurnitureFittings 2023-04-03 2024-03-31 14776975 bus:Director1 2023-04-03 2024-03-31 14776975 core:FurnitureFittings 2024-03-31 14776975 core:WithinOneYear 2024-03-31 14776975 core:ShareCapital 2024-03-31 14776975 core:RetainedEarningsAccumulatedLosses 2024-03-31 14776975 bus:SmallEntities 2023-04-03 2024-03-31 14776975 bus:AuditExemptWithAccountantsReport 2023-04-03 2024-03-31 14776975 bus:SmallCompaniesRegimeForAccounts 2023-04-03 2024-03-31 14776975 bus:PrivateLimitedCompanyLtd 2023-04-03 2024-03-31 14776975 bus:FullAccounts 2023-04-03 2024-03-31
COMPANY REGISTRATION NUMBER: 14776975
WELDON CONSULTING LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
WELDON CONSULTING LTD
STATEMENT OF FINANCIAL POSITION
31 March 2024
31 Mar 24
Note
£
£
FIXED ASSETS
Tangible assets
5
452
CURRENT ASSETS
Debtors
6
5,770
Cash at bank and in hand
62
-------
5,832
CREDITORS: amounts falling due within one year
7
7,539
-------
NET CURRENT LIABILITIES
1,707
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 1,255)
-------
NET LIABILITIES
( 1,255)
-------
CAPITAL AND RESERVES
Called up share capital fully paid
100
Profit and loss account
( 1,355)
-------
SHAREHOLDERS DEFICIT
( 1,255)
-------
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.
For the period ending 31 March 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 period 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 .
WELDON CONSULTING LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 5 August 2024 , and are signed on behalf of the board by:
Mr P J Sumpter
Director
Company registration number: 14776975
WELDON CONSULTING LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 3 APRIL 2023 TO 31 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 The Ashes, Weldon, Corby, Northamptonshire, NN17 3LQ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company currently meets its daily working capital requirements through operating revenues and financial support from the directors. On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and 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:
Fixtures and fittings
-
15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 2 .
5. TANGIBLE ASSETS
Fixtures and fittings
£
Cost
At 3 April 2023
Additions
532
----
At 31 March 2024
532
----
Depreciation
At 3 April 2023
Charge for the period
80
----
At 31 March 2024
80
----
Carrying amount
At 31 March 2024
452
----
6. DEBTORS
31 Mar 24
£
Trade debtors
5,290
Other debtors
480
-------
5,770
-------
7. CREDITORS: amounts falling due within one year
31 Mar 24
£
Corporation tax
5,529
Other creditors
2,010
-------
7,539
-------
8. GOING CONCERN
The directors have considered the period to 31 August 2025 when assessing the company's ability to continue as a going concern. It is believed that the company will either be able to satisfy its liabilities as these become payable, or alternatively will be sold as a going concern.