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RESEARCH CONSULTING LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024






RESEARCH CONSULTING LIMITED (REGISTERED NUMBER: 08376797)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RESEARCH CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTORS: R F Johnson
R Johnson
D M King





REGISTERED OFFICE: The Ingenuity Centre
University of Nottingham Innovation Park
Triumph Road, Office B17
Nottingham
Nottinghamshire
NG7 2TU





REGISTERED NUMBER: 08376797 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

RESEARCH CONSULTING LIMITED (REGISTERED NUMBER: 08376797)

BALANCE SHEET
31ST JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 8,504 6,235

CURRENT ASSETS
Debtors 6 173,156 122,746
Investments 7 122,473 105,288
Cash at bank 57,854 76,398
353,483 304,432
CREDITORS
Amounts falling due within one year 8 186,253 129,573
NET CURRENT ASSETS 167,230 174,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,734

181,094

CREDITORS
Amounts falling due after more than one
year

9

(13,334

)

(23,333

)

PROVISIONS FOR LIABILITIES (4,063 ) (1,380 )
NET ASSETS 158,337 156,381

CAPITAL AND RESERVES
Called up share capital 11 12 12
Share premium 526 526
Retained earnings 157,799 155,843
SHAREHOLDERS' FUNDS 158,337 156,381

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

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

RESEARCH CONSULTING LIMITED (REGISTERED NUMBER: 08376797)

BALANCE SHEET - continued
31ST 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 14th July 2024 and were signed on its behalf by:





R F Johnson - Director


RESEARCH CONSULTING LIMITED (REGISTERED NUMBER: 08376797)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Research Consulting Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 - 50% on cost and 33% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 25% on cost

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 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 10 ) .

RESEARCH CONSULTING LIMITED (REGISTERED NUMBER: 08376797)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st February 2023 1,188 2,037 18,251 21,476
Additions 3,030 - 2,877 5,907
At 31st January 2024 4,218 2,037 21,128 27,383
DEPRECIATION
At 1st February 2023 1,188 1,571 12,482 15,241
Charge for year 258 316 3,064 3,638
At 31st January 2024 1,446 1,887 15,546 18,879
NET BOOK VALUE
At 31st January 2024 2,772 150 5,582 8,504
At 31st January 2023 - 466 5,769 6,235

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 40,919 35,166
Other debtors 527 -
Accrued income 120,556 77,684
Prepayments 11,154 9,896
173,156 122,746

7. CURRENT ASSET INVESTMENTS
31.1.24 31.1.23
£    £   
Listed investments 122,473 105,288

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 30,955 8,877
Tax 34,944 50,947
Social security and other taxes 6,768 6,738
VAT 15,653 18,291
Other creditors 13 21
Pension creditor 1,898 1,213
Directors' current accounts 355 500
Deferred income 23,290 6,964
Accrued expenses 62,377 26,022
186,253 129,573

RESEARCH CONSULTING LIMITED (REGISTERED NUMBER: 08376797)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 3,334 13,333
13,334 23,333

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.24 31.1.23
£    £   
Within one year 7,025 7,868

In the year to 31.01.24, £17,703 (31.01.23: £22,809) was paid under operating lease commitments.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
10 Ordinary £1 10 10
111 Ordinary B shares 1p 1 1
59 Ordinary C 1p 1 1
12 12