Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Darren Anthony James 01/11/2002 Melissa James 25/02/2021 Ruth Patricia Martin 25/02/2021 Thomas Findlay Stables 21/04/2003 05 September 2024 The principal activity of the company during the financial year was that of service management for an employment placement agency. 04526963 2024-04-30 04526963 bus:Director1 2024-04-30 04526963 bus:Director2 2024-04-30 04526963 bus:Director3 2024-04-30 04526963 bus:Director4 2024-04-30 04526963 2023-04-30 04526963 core:CurrentFinancialInstruments 2024-04-30 04526963 core:CurrentFinancialInstruments 2023-04-30 04526963 core:ShareCapital 2024-04-30 04526963 core:ShareCapital 2023-04-30 04526963 core:SharePremium 2024-04-30 04526963 core:SharePremium 2023-04-30 04526963 core:CapitalRedemptionReserve 2024-04-30 04526963 core:CapitalRedemptionReserve 2023-04-30 04526963 core:RetainedEarningsAccumulatedLosses 2024-04-30 04526963 core:RetainedEarningsAccumulatedLosses 2023-04-30 04526963 core:CostValuation 2023-04-30 04526963 core:CostValuation 2024-04-30 04526963 core:ProvisionsForImpairmentInvestments 2023-04-30 04526963 core:ImpairmentLossProvisionsForImpairmentInvestments 2024-04-30 04526963 core:ProvisionsForImpairmentInvestments 2024-04-30 04526963 bus:OrdinaryShareClass1 2024-04-30 04526963 bus:OrdinaryShareClass2 2024-04-30 04526963 2023-05-01 2024-04-30 04526963 bus:FilletedAccounts 2023-05-01 2024-04-30 04526963 bus:SmallEntities 2023-05-01 2024-04-30 04526963 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 04526963 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04526963 bus:Director1 2023-05-01 2024-04-30 04526963 bus:Director2 2023-05-01 2024-04-30 04526963 bus:Director3 2023-05-01 2024-04-30 04526963 bus:Director4 2023-05-01 2024-04-30 04526963 2022-05-01 2023-04-30 04526963 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 04526963 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 04526963 bus:OrdinaryShareClass2 2023-05-01 2024-04-30 04526963 bus:OrdinaryShareClass2 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04526963 (England and Wales)

DEFINITIVE CONSULTING LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

DEFINITIVE CONSULTING LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

DEFINITIVE CONSULTING LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
DEFINITIVE CONSULTING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 47,044 47,874
47,044 47,874
Current assets
Debtors 4 329,777 365,594
Cash at bank and in hand 15,514 4,710
345,291 370,304
Creditors: amounts falling due within one year 5 ( 349,188) ( 361,092)
Net current (liabilities)/assets (3,897) 9,212
Total assets less current liabilities 43,147 57,086
Net assets 43,147 57,086
Capital and reserves
Called-up share capital 6 8,959 8,959
Share premium account 61,762 61,762
Capital redemption reserve 1,550 1,550
Profit and loss account ( 29,124 ) ( 15,185 )
Total shareholders' funds 43,147 57,086

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Definitive Consulting Limited (registered number: 04526963) were approved and authorised for issue by the Board of Directors on 05 September 2024. They were signed on its behalf by:

Darren Anthony James
Director
DEFINITIVE CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
DEFINITIVE CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Definitive Consulting Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 85 Gresham Street Gresham Street, London, EC2V 7NQ, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net assets of £43,147. The Company is supported through loans from the Parent Company. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 1 1

3. Fixed asset investments

Investments in associates Total
£ £
Cost or valuation before impairment
At 01 May 2023 47,874 47,874
At 30 April 2024 47,874 47,874
Provisions for impairment
At 01 May 2023 0 0
Impairment 830 830
At 30 April 2024 830 830
Carrying value at 30 April 2024 47,044 47,044
Carrying value at 30 April 2023 47,874 47,874

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 329,777 102,592
Prepayments 0 421
Corporation tax 0 1,890
Other debtors 0 260,691
329,777 365,594

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 90,494 177,405
Accruals 6,299 32,959
Taxation and social security 21,496 758
Other creditors 230,899 149,970
349,188 361,092

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
710 A Ordinary shares of £ 1.00 each 710 710
8,249 B Ordinary shares of £ 1.00 each 8,249 8,249
8,959 8,959