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Company Registration No. 12507616 (England and Wales)
Comet Consulting Limited Unaudited accounts for the year ended 31 March 2024
Comet Consulting Limited Unaudited accounts Contents
Page
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Comet Consulting Limited Company Information for the year ended 31 March 2024
Directors
Mr. Robert John Rooke Mr. Ronan Williams Mr. William Peter Atkinson
Company Number
12507616 (England and Wales)
Registered Office
The Foundry, Office 210 156 Blackfriars Road London SE1 8EN
Accountants
Hunter Financial Group Limited 86-90 Paul Street London EC2A 4NE
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Comet Consulting Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Comet Consulting Limited for the year ended 31 March 2024 as set out on pages 5 - 8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Hunter Financial Group Limited Chartered Certified Accountants 86-90 Paul Street London EC2A 4NE 21 August 2024
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Comet Consulting Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,996 
9,164 
Current assets
Debtors
174,398 
422,586 
Cash at bank and in hand
229,501 
178,393 
403,899 
600,979 
Creditors: amounts falling due within one year
(221,511)
(348,036)
Net current assets
182,388 
252,943 
Total assets less current liabilities
189,384 
262,107 
Provisions for liabilities
Deferred tax
(1,749)
- 
Net assets
187,635 
262,107 
Capital and reserves
Called up share capital
125 
125 
Profit and loss account
187,510 
261,982 
Shareholders' funds
187,635 
262,107 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by
Mr. William Peter Atkinson Director Company Registration No. 12507616
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Comet Consulting Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Comet Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 12507616. The registered office is The Foundry, Office 210, 156 Blackfriars Road, London, SE1 8EN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.3%
Computer equipment
33.3%
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised as the service is provided.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Comet Consulting Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
1,747 
11,998 
13,745 
Additions
783 
2,275 
3,058 
At 31 March 2024
2,530 
14,273 
16,803 
Depreciation
At 1 April 2023
582 
3,999 
4,581 
Charge for the year
759 
4,467 
5,226 
At 31 March 2024
1,341 
8,466 
9,807 
Net book value
At 31 March 2024
1,189 
5,807 
6,996 
At 31 March 2023
1,165 
7,999 
9,164 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
143,028 
362,241 
Accrued income and prepayments
470 
346 
Other debtors
30,900 
59,999 
174,398 
422,586 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
52,137 
71,386 
Trade creditors
39,377 
95,302 
Taxes and social security
123,683 
158,878 
Other creditors
3,816 
11,129 
Loans from directors
815 
10,391 
Accruals
950 
950 
Deferred income
733 
- 
221,511 
348,036 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
125 Ordinary shares of £1 each
125 
125 
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Comet Consulting Limited Notes to the Accounts for the year ended 31 March 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr. Ronan Williams
51,000 
167,260 
196,572 
21,688 
51,000 
167,260 
196,572 
21,688 
The overdrawn loan account will be repaid within nine months of the year end.
9
Average number of employees
During the year the average number of employees was 6 (2023: 3).
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