1 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3,411 205 567 3,049 1,783 612 567 1,828 1,221 1,628 xbrli:pure xbrli:shares iso4217:GBP 06746991 2022-12-01 2023-11-30 06746991 2023-11-30 06746991 2022-11-30 06746991 2021-12-01 2022-11-30 06746991 2022-11-30 06746991 2021-11-30 06746991 bus:Director1 2022-12-01 2023-11-30 06746991 core:WithinOneYear 2023-11-30 06746991 core:WithinOneYear 2022-11-30 06746991 core:ShareCapital 2023-11-30 06746991 core:ShareCapital 2022-11-30 06746991 core:RetainedEarningsAccumulatedLosses 2023-11-30 06746991 core:RetainedEarningsAccumulatedLosses 2022-11-30 06746991 bus:SmallEntities 2022-12-01 2023-11-30 06746991 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 06746991 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 06746991 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06746991 bus:FullAccounts 2022-12-01 2023-11-30 06746991 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 06746991 core:FurnitureFittingsToolsEquipment 2022-11-30 06746991 core:FurnitureFittingsToolsEquipment 2023-11-30
COMPANY REGISTRATION NUMBER: 06746991
Margaret Walsh Consulting Limited
Filleted Unaudited Financial Statements
30 November 2023
Margaret Walsh Consulting Limited
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
1,221
1,628
Current assets
Debtors
6
9,233
3,728
Cash at bank and in hand
10,552
8,180
--------
--------
19,785
11,908
Creditors: amounts falling due within one year
7
8,944
7,195
--------
--------
Net current assets
10,841
4,713
--------
-------
Total assets less current liabilities
12,062
6,341
Provisions
Taxation including deferred tax
232
309
--------
-------
Net assets
11,830
6,032
--------
-------
Capital and reserves
Called up share capital
1
1
Profit and loss account
11,829
6,031
--------
-------
Shareholder funds
11,830
6,032
--------
-------
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 income and retained earnings has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Margaret Walsh Consulting Limited
Statement of Financial Position (continued)
30 November 2023
These financial statements were approved by the board of directors and authorised for issue on 15 August 2024 , and are signed on behalf of the board by:
Mrs M Walsh
Director
Company registration number: 06746991
Margaret Walsh Consulting Limited
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Pantiles, High Street, Upper Dean, Huntingdon, Cambs, PE28 0ND.
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, 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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Taxation
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.
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:
Equipment
-
25% straight line
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 December 2022
3,411
3,411
Additions
205
205
Disposals
( 567)
( 567)
-------
-------
At 30 November 2023
3,049
3,049
-------
-------
Depreciation
At 1 December 2022
1,783
1,783
Charge for the year
612
612
Disposals
( 567)
( 567)
-------
-------
At 30 November 2023
1,828
1,828
-------
-------
Carrying amount
At 30 November 2023
1,221
1,221
-------
-------
At 30 November 2022
1,628
1,628
-------
-------
6. Debtors
2023
2022
£
£
Trade debtors
6,032
2,845
Other debtors
3,201
883
-------
-------
9,233
3,728
-------
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
260
388
Corporation tax
3,901
4,333
Social security and other taxes
9
5
Other creditors
4,774
2,469
-------
-------
8,944
7,195
-------
-------