Registered number
12961138
ESC Consultancy Ltd
Filleted Accounts
31 July 2024
ESC Consultancy Ltd
Registered number: 12961138
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 50,848 57,538
Investments 4 50 50
50,898 57,588
Current assets
Debtors 5 48,158 8,507
Cash at bank and in hand 73,757 83,837
121,915 92,344
Creditors: amounts falling due within one year 6 (48,318) (37,123)
Net current assets 73,597 55,221
Total assets less current liabilities 124,495 112,809
Creditors: amounts falling due after more than one year 7 (28,834) (33,990)
Net assets 95,661 78,819
Capital and reserves
Called up share capital 100 100
Profit and loss account 95,561 78,719
Shareholder's funds 95,661 78,819
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Emil Choudhury
Director
Approved by the board on 9 August 2024
ESC Consultancy Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 17,474 57,071 74,545
Additions 7,153 - 7,153
At 31 July 2024 24,627 57,071 81,698
Depreciation
At 1 August 2023 6,734 10,273 17,007
Charge for the year 5,419 8,424 13,843
At 31 July 2024 12,153 18,697 30,850
Net book value
At 31 July 2024 12,474 38,374 50,848
At 31 July 2023 10,740 46,798 57,538
4 Investments
Other
investments
£
Cost
At 1 August 2023 50
At 31 July 2024 50
5 Debtors 2024 2023
£ £
Trade debtors 16,506 -
Other debtors 31,652 8,507
48,158 8,507
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 8,700 8,700
Taxation and social security costs 37,033 26,107
Other creditors 2,585 2,316
48,318 37,123
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 28,834 33,990
8 Controlling party
The company is under the ultimate control of Mr Choudhury by virtue of his shareholding in the company.
9 Other information
ESC Consultancy Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Flat 41, Wallace House
Gayton Road
Harrow
London
HA1 2DS
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