3 31/12/2023 2023-12-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-01-01 Sage Accounts Production 23.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 05309474 2023-01-01 2023-12-31 05309474 2023-12-31 05309474 2022-12-31 05309474 2022-01-01 2022-12-31 05309474 2022-12-31 05309474 2021-12-31 05309474 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 05309474 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 05309474 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 05309474 bus:Director1 2023-01-01 2023-12-31 05309474 core:FurnitureFittingsToolsEquipment 2022-12-31 05309474 core:FurnitureFittingsToolsEquipment 2023-12-31 05309474 core:WithinOneYear 2023-12-31 05309474 core:WithinOneYear 2022-12-31 05309474 core:ShareCapital 2023-12-31 05309474 core:ShareCapital 2022-12-31 05309474 core:RetainedEarningsAccumulatedLosses 2023-12-31 05309474 core:RetainedEarningsAccumulatedLosses 2022-12-31 05309474 bus:OrdinaryShareClass1 core:ShareCapital 2023-12-31 05309474 bus:OrdinaryShareClass1 core:ShareCapital 2022-12-31 05309474 bus:OrdinaryShareClass2 core:ShareCapital 2023-12-31 05309474 bus:OrdinaryShareClass2 core:ShareCapital 2022-12-31 05309474 core:FurnitureFittingsToolsEquipment 2022-12-31 05309474 bus:SmallEntities 2023-01-01 2023-12-31 05309474 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05309474 bus:FullAccounts 2023-01-01 2023-12-31 05309474 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05309474 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Company registration number: 05309474
Flood-Page Consultancy Liimited
Unaudited filleted financial statements
31 December 2023
Flood-Page Consultancy Liimited
Contents
Balance sheet
Notes to the financial statements
Flood-Page Consultancy Liimited
Balance sheet
31 December 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 2,785 1,882
_______ _______
2,785 1,882
Current assets
Debtors 6 23,049 42,560
Cash at bank and in hand 42,997 32,141
_______ _______
66,046 74,701
Creditors: amounts falling due
within one year 7 ( 7,198) ( 34,461)
_______ _______
Net current assets 58,848 40,240
_______ _______
Total assets less current liabilities 61,633 42,122
_______ _______
Net assets 61,633 42,122
_______ _______
Capital and reserves
Called up share capital 8 102 102
Profit and loss account 61,531 42,020
_______ _______
Shareholders funds 61,633 42,122
_______ _______
For the year ending 31 December 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 members have 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 20 August 2024 , and are signed on behalf of the board by:
.........................................
Dr P.T. Flood-Page
Director
Company registration number: 05309474
Flood-Page Consultancy Liimited
Notes to the financial statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 5 Kyveilog Street, Pontcanna, Cardiff, CF11 9JA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
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.When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. Tax is recognised in the Income Statement, 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. however, no provision has been made in these financial statements, as, in the director's opinion, the amounts involved are insignificant.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
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:
Fittings fixtures and equipment - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
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. All of the financial instruments utilised by the company are basic, as defined in the Accounting Standard, and as such are initially recognised at the transaction price. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 January 2023 5,491 5,491
Additions 1,599 1,599
_______ _______
At 31 December 2023 7,090 7,090
_______ _______
Depreciation
At 1 January 2023 3,609 3,609
Charge for the year 696 696
_______ _______
At 31 December 2023 4,305 4,305
_______ _______
Carrying amount
At 31 December 2023 2,785 2,785
_______ _______
At 31 December 2022 1,882 1,882
_______ _______
6. Debtors
2023 2022
£ £
Other debtors 23,049 42,560
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Corporation tax 5,398 7,781
Other creditors 1,800 26,680
_______ _______
7,198 34,461
_______ _______
8. Called up share capital
Issued, called up and fully paid
2023 2022
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
Ordinary 'A' shares of £ 1.00 each 2 2 2 2
_______ _______ _______ _______
102 102 102 102
_______ _______ _______ _______