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Registration number: 12733419

Content, Seriously Consulting Ltd

Annual Report and Unaudited Financial Statements

for the Period from 1 August 2022 to 31 December 2023

image-name
 

Content, Seriously Consulting Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Content, Seriously Consulting Ltd

Company Information

Directors

Ms Rahel Bailie

Mr Phillip Kwame Bokortsey

Registered office

Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF

Accountants

Lucraft Hodgson & Dawes LLP
Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF

 

Content, Seriously Consulting Ltd

(Registration number: 12733419)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed Assets

 

Tangible Assets

4

-

1,930

Current assets

 

Debtors

5

323

396

Cash at bank and in hand

 

-

18,628

 

323

19,024

Creditors: Amounts falling due within one year

6

(5,157)

(14,407)

Net current (liabilities)/assets

 

(4,834)

4,617

Total assets less current liabilities

 

(4,834)

6,547

Provisions for liabilities

(318)

(367)

Net (liabilities)/assets

 

(5,152)

6,180

Capital and Reserves

 

Called up share capital

100

100

Retained Earnings

(5,252)

6,080

Shareholders' (deficit)/funds

 

(5,152)

6,180

For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 September 2024 and signed on its behalf by:
 

 

Content, Seriously Consulting Ltd

(Registration number: 12733419)
Balance Sheet as at 31 December 2023

.........................................
Ms Rahel Bailie
Director

.........................................
Mr Phillip Kwame Bokortsey
Director

 
     
 

Content, Seriously Consulting Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2022 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF
United Kingdom

These financial statements were authorised for issue by the Board on 13 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the balance sheet date the company has ceased to trade and the decision has been made to dissolve the company. These financial statements are therefore prepared on a ‘break-up’ basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Content, Seriously Consulting Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2022 to 31 December 2023

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Content, Seriously Consulting Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2022 to 31 December 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

25% Reducing Balance

Office Equipment

25% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Content, Seriously Consulting Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2022 to 31 December 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, analysed by category was as follows:

1 August 2022 to 31 December 2023
 No.

Year ended 31 July 2022
 No.

Administration and support

2

2

2

2

 

Content, Seriously Consulting Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2022 to 31 December 2023

4

Tangible Assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2022

3,195

3,195

Disposals

(3,195)

(3,195)

At 31 December 2023

-

-

Depreciation

At 1 August 2022

1,265

1,265

Charge for the period

483

483

Eliminated on disposal

(1,748)

(1,748)

At 31 December 2023

-

-

Carrying amount

At 31 December 2023

-

-

At 31 July 2022

1,930

1,930

5

Debtors

Current

2023
£

2022
£

Trade Debtors

-

84

Other debtors

323

312

 

323

396

 

Content, Seriously Consulting Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2022 to 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

-

9,522

Trade Creditors

 

-

293

Taxation and social security

 

4,078

3,652

Accruals and deferred income

 

1,080

940

Other creditors

 

(1)

-

 

5,157

14,407

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

-

9,522

8

Related party transactions

Loans to related parties

2023

Key management
£

Total
£

Advanced

12,876

12,876

At end of period

12,876

12,876

Terms of loans to related parties

During the year, the company provided the director with a loan. The loan was unsecured, interest free and repayable on demand.
 

 

Content, Seriously Consulting Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2022 to 31 December 2023

Loans from related parties

2023

Key management
£

Total
£

At start of period

9,522

9,522

Repaid

(9,522)

(9,522)

At end of period

-

-

2022

Key management
£

Total
£

At start of period

19,257

19,257

Advanced

(73,197)

(73,197)

Repaid

63,462

63,462

At end of period

9,522

9,522

Terms of loans from related parties

During the year, the director provided the company with a loan. The loan was unsecured, interest free and repayable on demand.