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COMPANY REGISTRATION NUMBER: 10369210
Liam Holmes Consultancy Limited (Formerly PH Nutrition Limited)
Filleted Unaudited Financial Statements
30 September 2023
Liam Holmes Consultancy Limited (Formerly PH Nutrition Limited)
Financial Statements
Year ended 30 September 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Liam Holmes Consultancy Limited (Formerly PH Nutrition Limited)
Statement of Financial Position
30 September 2023
2023
2022
(restated)
Note
£
£
Fixed assets
Tangible assets
5
239
479
Current assets
Debtors
6
62,180
25,502
Cash at bank and in hand
2,665
5,970
--------
--------
64,845
31,472
Creditors: amounts falling due within one year
7
12,404
15,391
--------
--------
Net current assets
52,441
16,081
--------
--------
Total assets less current liabilities
52,680
16,560
--------
--------
Net assets
52,680
16,560
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
52,580
16,460
--------
--------
Shareholder funds
52,680
16,560
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Liam Holmes Consultancy Limited (Formerly PH Nutrition Limited)
Statement of Financial Position (continued)
30 September 2023
These financial statements were approved by the board of directors and authorised for issue on 20 September 2024 , and are signed on behalf of the board by:
Mr L Holmes
Director
Company registration number: 10369210
Liam Holmes Consultancy Limited (Formerly PH Nutrition Limited)
Notes to the Financial Statements
Year ended 30 September 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Equipment
£
Cost
At 1 October 2022 (as restated) and 30 September 2023
2,651
-------
Depreciation
At 1 October 2022
2,172
Charge for the year
240
-------
At 30 September 2023
2,412
-------
Carrying amount
At 30 September 2023
239
-------
At 30 September 2022
479
-------
6. Debtors
2023
2022
(restated)
£
£
Trade debtors
( 1)
Other debtors
62,181
25,502
--------
--------
62,180
25,502
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
(restated)
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
2,578
8,178
Corporation tax
8,526
5,938
Other creditors
1,300
1,275
--------
--------
12,404
15,391
--------
--------
8. Director's advances, credits and guarantees
At the year end a director owed the company £62,180 (2022: £9,940). During the year the company paid £45,716 (2022: £21,014) to a director and a director made repayments of £10,100 (2022: £80,840) to the company. During the year interest of £1,062 (2022: £467) was charged on overdrawn balances at a rate of 2-2.5%.
9. Related party transactions
At the year end the company owed £2,578 (2022: £8,178) to a company associated by common control.