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REGISTERED NUMBER: 05513575 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 January 2024

for

UK Financial Consultants Ltd

UK Financial Consultants Ltd (Registered number: 05513575)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UK Financial Consultants Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: A Winks
S J Penistone





REGISTERED OFFICE: 63
Bawtry Road
Bramley
Rotherham
South Yorkshire
S66 2TN





REGISTERED NUMBER: 05513575 (England and Wales)

UK Financial Consultants Ltd (Registered number: 05513575)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 249

CURRENT ASSETS
Debtors 5 10,455 21,447
Cash at bank 32,076 37,611
42,531 59,058
CREDITORS
Amounts falling due within one year 6 23,631 20,346
NET CURRENT ASSETS 18,900 38,712
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,900

38,961

PROVISIONS FOR LIABILITIES - 47
NET ASSETS 18,900 38,914

CAPITAL AND RESERVES
Called up share capital 10,100 10,100
Retained earnings 8,800 28,814
SHAREHOLDERS' FUNDS 18,900 38,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

UK Financial Consultants Ltd (Registered number: 05513575)

Balance Sheet - continued
31 January 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2024 and were signed on its behalf by:




S J Penistone - Director



A Winks - Director


UK Financial Consultants Ltd (Registered number: 05513575)

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

1. STATUTORY INFORMATION

UK Financial Consultants 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 etc - 33% on cost and 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company makes employer pension contributions in accordance with auto enrolment legislation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

UK Financial Consultants Ltd (Registered number: 05513575)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 22,467
Disposals (22,467 )
At 31 January 2024 -
DEPRECIATION
At 1 February 2023 22,218
Charge for year 62
Eliminated on disposal (22,280 )
At 31 January 2024 -
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 249

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 416 3,531
Other debtors 10,039 17,916
10,455 21,447

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 23,631 20,346

7. RELATED PARTY DISCLOSURES

The company loaned monies to Eastmills Finance Limited on an interest free basis repayable upon demand.
The monies owed at 31st January 2024 £6,082, (2023: £5,288), reflected in other debtors.
This is a company in which Mr S J Penistone and Mr A M Winks are shareholders.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S J Penistone.