1 January 2023 v2024.41.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP105387262023-01-012023-12-31105387262023-12-31105387262022-12-3110538726core:WithinOneYear2023-12-3110538726core:WithinOneYear2022-12-3110538726core:AfterOneYear2023-12-3110538726core:AfterOneYear2022-12-3110538726core:ShareCapital2023-12-3110538726core:ShareCapital2022-12-3110538726core:RetainedEarningsAccumulatedLosses2023-12-3110538726core:RetainedEarningsAccumulatedLosses2022-12-3110538726bus:Director12023-01-012023-12-3110538726bus:RegisteredOffice2023-01-012023-12-3110538726core:OfficeEquipment2023-01-012023-12-31105387262022-01-012022-12-3110538726core:PlantMachinery2023-01-0110538726core:PlantMachinery2023-01-012023-12-3110538726core:PlantMachinery2023-12-3110538726core:PlantMachinery2022-12-311053872612023-01-012023-12-3110538726countries:EnglandWales2023-01-012023-12-3110538726bus:AuditExemptWithAccountantsReport2023-01-012023-12-3110538726bus:PrivateLimitedCompanyLtd2023-01-012023-12-3110538726bus:SmallEntities2023-01-012023-12-3110538726bus:FullAccounts2023-01-012023-12-31
Company registration number:
10538726
Simon Featherstone Consulting Ltd
Unaudited Filleted Financial Statements for the year ended
31 December 2023
Simon Featherstone Consulting Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Simon Featherstone Consulting Ltd
Year ended
31 December 2023
As described on the statement of financial position, the Board of Directors of
Simon Featherstone Consulting Ltd
are responsible for the preparation of the
financial statements
for the year ended
31 December 2023
, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Barnes Mayer Ltd
One
St. Peters Road
Maidenhead
SL6 7QU
United Kingdom
Date:
10 September 2024
Simon Featherstone Consulting Ltd
Statement of Financial Position
31 December 2023
20232022
Note££
Fixed assets    
Tangible assets 5
4,989
 
4,610
 
Current assets    
Debtors 6
109,995
 
46,258
 
Cash at bank and in hand
199,198
 
153,475
 
309,193
 
199,733
 
Creditors: amounts falling due within one year 7
(60,156
)
(29,784
)
Net current assets
249,037
 
169,949
 
Total assets less current liabilities 254,026   174,559  
Creditors: amounts falling due after more than one year 8
(15,833
)
(25,833
)
Net assets
238,193
 
148,726
 
Capital and reserves    
Called up share capital
200
 
200
 
Profit and loss account
237,993
 
148,526
 
Shareholders funds
238,193
 
148,726
 
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.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
10 September 2024
, and are signed on behalf of the board by:
Mr S Featherstone
Director
Company registration number:
10538726
Simon Featherstone Consulting Ltd
Notes to the Financial Statements
Year ended
31 December 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Pyracantha
,
13 Park Avenue
,
Solihull
,
B91 3EJ
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount 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. However, the increase is recognised in profit or loss to the extent that 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. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% Reducing Balance

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.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2022:
2
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2023
6,884
 
Additions
2,042
 
At
31 December 2023
8,926
 
Depreciation  
At
1 January 2023
2,274
 
Charge
1,663
 
At
31 December 2023
3,937
 
Carrying amount  
At
31 December 2023
4,989
 
At 31 December 2022
4,610
 

6 Debtors

20232022
££
Trade debtors
11,642
 
46,258
 
Other debtors
98,353
  -  
109,995
 
46,258
 

7 Creditors: amounts falling due within one year

20232022
££
Bank loans and overdrafts
10,000
 
10,000
 
Taxation and social security
45,925
 
15,161
 
Other creditors
4,231
 
4,623
 
60,156
 
29,784
 

8 Creditors: amounts falling due after more than one year

20232022
££
Bank loans and overdrafts
15,833
 
25,833