IRIS Accounts Production
v24.1.4.33
09436224
Board of Directors
1.4.23
31.3.24
31.3.24
false
true
false
false
true
false
A Ordinary shares
1.00000
B Ordinary shares
1.00000
C, D, E, F shares
1.00000
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REGISTERED NUMBER: 09436224 (England and Wales) |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
Notes to the Financial Statements |
4 |
|
|
DIRECTORS: |
Mrs M Connolly |
|
REGISTERED OFFICE: |
Suite 2b, Second Floor |
|
North Lane House 9b North Lane |
|
REGISTERED NUMBER: |
09436224 (England and Wales) |
|
ACCOUNTANTS: |
Wild & Co Chartered Accountants |
Tangible assets |
4 |
102,491 |
|
128,232 |
|
|
Cash at bank |
4,902 |
|
18,691 |
|
|
Amounts falling due within one year |
198,004 |
|
135,028 |
|
|
NET CURRENT ASSETS |
228,578 |
|
353,532 |
|
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
331,069 |
|
481,764 |
|
|
Amounts falling due after more than one year |
(96,951 |
) |
(167,537 |
) |
|
PROVISIONS FOR LIABILITIES |
6 |
(22,507 |
) |
(30,717 |
) |
|
NET ASSETS |
211,611 |
|
283,510 |
|
|
Called up share capital |
7 |
210 |
|
210 |
|
|
Retained earnings |
211,401 |
|
283,300 |
|
|
SHAREHOLDERS' FUNDS |
211,611 |
|
283,510 |
|
|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by: |
|
300 North Consulting Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. |
|
Basis of preparing the financial statements |
|
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
|
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
|
Plant and machinery |
- |
Straight line over 3 years |
|
Fixtures and fittings |
- |
25% on reducing balance |
|
Motor vehicles |
- |
25% on reducing balance |
|
Computer equipment |
- |
Straight line over 3 years |
| Taxation for the year comprises current and deferred tax. 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. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
|
Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
|
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases. |
|
Assets held under finance lease are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest charged to profit and loss so as to produce a constant periodic rate of interest on the remaining balance of the liability. |
|
Rentals payable under operating leases, including any l lease incentives received, are charged to the profit and loss on a straight line basis over the terms of the relevant lease except where another more systematic basis is more representative of the time pattern in which the economic benefits from the leases are consumed. |
3. |
EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was 13 (2023 - 16 ) . |
|
A factoring facility is in place. This is secured by way of a fixed charge over book debts and debentures. |
6. |
PROVISIONS FOR LIABILITIES |
|
Deferred tax |
22,507 |
|
30,717 |
|
|
|
Balance at 1 April 2023 |
30,717 |
|
|
|
Credit to Income Statement during year |
(8,210 |
) |
|
|
Balance at 31 March 2024 |
22,507 |
|
|
7. |
CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
|
Number: |
Class: |
Nominal |
31.3.24 |
|
31.3.23 |
|
95 |
A Ordinary shares |
£1 |
95 |
|
95 |
|
|
|
95 |
B Ordinary shares |
£1 |
95 |
|
95 |
|
|
|
20 |
C, D, E, F shares |
£1 |
10 |
|
20 |
|
|
8. |
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
|
The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023: |
|
Balance outstanding at start of year |
- |
|
- |
|
|
|
Amounts advanced |
(931 |
) |
4,308 |
|
|
|
Amounts repaid |
- |
|
(4,308 |
) |
|
|
Balance outstanding at end of year |
(931 |
) |
- |
|
|
|
Balance outstanding at start of year |
- |
|
- |
|
|
|
Amounts advanced |
(360 |
) |
1,354 |
|
|
|
Amounts repaid |
- |
|
(1,354 |
) |
|
|
Balance outstanding at end of year |
(360 |
) |
- |
|
|
9. |
RELATED PARTY DISCLOSURES |
|
Director loan of £1,291 is money advanced to the Company by the Director as at 31 March 2024. The loan is unsecured and interest-free. The loan is repayable on demand. |
10. |
ULTIMATE CONTROLLING PARTY |
|
The directors are the ultimate controlling party by virtue of their shareholding. |