Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mr A D Beresford-Williams 27/05/2011 08 August 2024 The principal activity of the Company during the financial year was management consultancy. 07650307 2024-03-31 07650307 bus:Director1 2024-03-31 07650307 core:CurrentFinancialInstruments 2024-03-31 07650307 core:CurrentFinancialInstruments 2023-03-31 07650307 2023-03-31 07650307 core:ShareCapital 2024-03-31 07650307 core:ShareCapital 2023-03-31 07650307 core:RetainedEarningsAccumulatedLosses 2024-03-31 07650307 core:RetainedEarningsAccumulatedLosses 2023-03-31 07650307 bus:OrdinaryShareClass1 2024-03-31 07650307 core:WithinOneYear 2024-03-31 07650307 core:WithinOneYear 2023-03-31 07650307 core:BetweenOneFiveYears 2024-03-31 07650307 core:BetweenOneFiveYears 2023-03-31 07650307 2023-04-01 2024-03-31 07650307 bus:FilletedAccounts 2023-04-01 2024-03-31 07650307 bus:SmallEntities 2023-04-01 2024-03-31 07650307 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07650307 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07650307 bus:Director1 2023-04-01 2024-03-31 07650307 2022-04-01 2023-03-31 07650307 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 07650307 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07650307 (England and Wales)

ANDY BERESFORD CONSULTING LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

ANDY BERESFORD CONSULTING LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

ANDY BERESFORD CONSULTING LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
ANDY BERESFORD CONSULTING LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
2024 2023
£ £
Current assets
Debtors 3 0 60
Cash at bank and in hand 2,695 4,197
2,695 4,257
Creditors: amounts falling due within one year 4 ( 3,932) ( 3,806)
Net current (liabilities)/assets (1,237) 451
Total assets less current liabilities (1,237) 451
Net (liabilities)/assets ( 1,237) 451
Capital and reserves
Called-up share capital 5 100 100
Profit and loss account ( 1,337 ) 351
Total shareholder's (deficit)/funds ( 1,237) 451

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Andy Beresford Consulting Ltd (registered number: 07650307) were approved and authorised for issue by the Director on 08 August 2024. They were signed on its behalf by:

Mr A D Beresford-Williams
Director
ANDY BERESFORD CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
ANDY BERESFORD CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Andy Beresford Consulting Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 6 Redhill Farm Business Park, Elberton Olveston, Bristol, BS35 4AG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £1,237. The Company is supported through loans from an associated company. The director has received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the associated company will continue to support the Company. After making enquiries, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

2024 2023
£ £
VAT recoverable 0 60

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to director 354 354
Accruals 1,350 1,350
Taxation and social security 158 32
Other creditors 2,070 2,070
3,932 3,806

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

6. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 19,000 18,000
between one and five years 23,746 4,500
42,746 22,500

7. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Amount due to the director 354 354

The loan is interest free and there are no fixed repayment terms.

The directors have provided a guarantee in respect of the liabilities of the company to the landlord of the property leased by the company.