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Registered number: 07699102
Daleside Consulting Limited
Financial Statements
For The Year Ended 31 July 2023
MSE Business Management LLP
Association of Chartered Certified Accountants
1st Floor
104 Oxford Street
London
Greater London
W1D 1LP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07699102
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 51,582 71,444
51,582 71,444
CURRENT ASSETS
Debtors 5 175,595 202,635
Cash at bank and in hand 1,161,867 1,130,332
1,337,462 1,332,967
Creditors: Amounts Falling Due Within One Year 6 (1,273,492 ) (1,184,696 )
NET CURRENT ASSETS (LIABILITIES) 63,970 148,271
TOTAL ASSETS LESS CURRENT LIABILITIES 115,552 219,715
Creditors: Amounts Falling Due After More Than One Year 7 (52,831 ) (70,227 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (12,896 ) (8,106 )
NET ASSETS 49,825 141,382
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 49,725 141,282
SHAREHOLDERS' FUNDS 49,825 141,382
Page 1
Page 2
For the year ending 31 July 2023 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alexis Pluck
Director
03/09/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Daleside Consulting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07699102 . The registered office is 1st Floor, 104 Oxford Street, London, London, W1D 1LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of Value Added Tax. Turnover represents revenue earned from the provision of services.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10 years
Motor Vehicles 4 years
Fixtures & Fittings 3 years
Computer Equipment 3 years
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Financial Instruments
The company has only basic financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities

Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 4 4
4 4
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2022 30,810 68,849 10,633 16,091 126,383
Additions - - 3,878 3,072 6,950
As at 31 July 2023 30,810 68,849 14,511 19,163 133,333
Depreciation
As at 1 August 2022 3,081 31,555 9,842 10,461 54,939
Provided during the period 3,081 17,212 2,030 4,489 26,812
As at 31 July 2023 6,162 48,767 11,872 14,950 81,751
Net Book Value
As at 31 July 2023 24,648 20,082 2,639 4,213 51,582
As at 1 August 2022 27,729 37,294 791 5,630 71,444
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 103,722 165,691
Prepayments and accrued income 2,781 1,780
Other debtors 69,092 35,000
Other taxes and social security - 164
175,595 202,635
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 7,396 6,234
Trade creditors 41,305 15,637
Bank loans and overdrafts 10,000 10,000
Corporation tax 106,729 121,657
VAT 37,065 61,496
Other creditors 801,492 781,392
Amounts owed to group undertakings 269,505 188,280
1,273,492 1,184,696
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 30,331 37,727
Bank loans 22,500 32,500
52,831 70,227
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,396 6,234
Later than one year and not later than five years 30,331 37,727
37,727 43,961
37,727 43,961
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 12,896 8,106
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10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 August 2022 8,106 8,106
Deferred taxation 4,790 4,790
Balance at 31 July 2023 12,896 12,896
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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