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Registration number: 10782133

O'Bryan-Tear Consulting Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

O'Bryan-Tear Consulting Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

O'Bryan-Tear Consulting Limited

(Registration number: 10782133)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

3,111

4,000

Current assets

 

Debtors

6

6,902

12,904

Cash at bank and in hand

 

75

3,598

 

6,977

16,502

Creditors: Amounts falling due within one year

7

(7,117)

(15,989)

Net current (liabilities)/assets

 

(140)

513

Net assets

 

2,971

4,513

Capital and reserves

 

Called up share capital

100

100

Retained earnings

2,871

4,413

Shareholders' funds

 

2,971

4,513

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 September 2024
 

.........................................
Dr CG O'Bryan-Tear
Director

 

O'Bryan-Tear Consulting Limited

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

1

General information

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

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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.

Revenue recognition

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

Tax

The tax expense for the period comprises current tax payable.

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.

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.

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

Office equipment

20% straight line basis

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.

 

O'Bryan-Tear Consulting Limited

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

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Taxation

2024

2023

£

£

Corporation tax

(153)

9,938

(153)

9,938

4

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

5

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

4,793

4,793

At 31 March 2024

4,793

4,793

Depreciation

At 1 April 2023

793

793

Charge for the year

889

889

At 31 March 2024

1,682

1,682

Carrying amount

At 31 March 2024

3,111

3,111

At 31 March 2023

4,000

4,000

 

O'Bryan-Tear Consulting Limited

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

6

Debtors

Current

2024
£

2023
£

Other debtors

6,902

12,904

 

6,902

12,904

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

-

9,938

Other creditors

7,117

6,051

7,117

15,989

8

Related party transactions

Other transactions with the director

Dr CG O'Bryan-Tear, a director, had a loan with the company. As at year end the company owed him £5,617 (2023: £472).