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REGISTERED NUMBER: 09436224 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

300 North Consulting Ltd

300 North Consulting Ltd (Registered number: 09436224)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


300 North Consulting Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs M Connolly
Mr P Connolly





REGISTERED OFFICE: Suite 2b, Second Floor
North Lane House 9b North Lane
Headingley
Leeds
LS6 3HG





REGISTERED NUMBER: 09436224 (England and Wales)





ACCOUNTANTS: Wild & Co Chartered Accountants
Windsor House
Cornwall Road
Harrogate
HG1 2PW

300 North Consulting Ltd (Registered number: 09436224)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,491 128,232

CURRENT ASSETS
Debtors 421,680 469,869
Cash at bank 4,902 18,691
426,582 488,560
CREDITORS
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

CREDITORS
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

CAPITAL AND RESERVES
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.

300 North Consulting Ltd (Registered number: 09436224)

Abridged Balance Sheet - continued
31 March 2024


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:





Mr P Connolly - Director


300 North Consulting Ltd (Registered number: 09436224)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

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.

2. ACCOUNTING POLICIES

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
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
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
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.

300 North Consulting Ltd (Registered number: 09436224)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Finance leases
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 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 182,844
Additions 9,977
At 31 March 2024 192,821
DEPRECIATION
At 1 April 2023 54,612
Charge for year 35,718
At 31 March 2024 90,330
NET BOOK VALUE
At 31 March 2024 102,491
At 31 March 2023 128,232

5. SECURED DEBTS

A factoring facility is in place. This is secured by way of a fixed charge over book debts and debentures.

6. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 22,507 30,717

300 North Consulting Ltd (Registered number: 09436224)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
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
value: £    £   
95 A Ordinary shares £1 95 95
95 B Ordinary shares £1 95 95
20 C, D, E, F shares £1 10 20
200 210

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:

31.3.24 31.3.23
£    £   
Mr P Connolly
Balance outstanding at start of year - -
Amounts advanced (931 ) 4,308
Amounts repaid - (4,308 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (931 ) -

Mrs M Connolly
Balance outstanding at start of year - -
Amounts advanced (360 ) 1,354
Amounts repaid - (1,354 )
Amounts written off - -
Amounts waived - -
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.

300 North Consulting Ltd (Registered number: 09436224)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling party by virtue of their shareholding.