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REGISTERED NUMBER: 05709800 (England and Wales)










Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Martin Haley Consultancy Limited

Martin Haley Consultancy Limited (Registered number: 05709800)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Martin Haley Consultancy Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr M P Haley





REGISTERED OFFICE: 37 Whites Meadow
Great Boughton
Chester
Cheshire
CH3 5SR





REGISTERED NUMBER: 05709800 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Martin Haley Consultancy Limited (Registered number: 05709800)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,735 2,602
Tangible assets 5 152 202
1,887 2,804

CURRENT ASSETS
Debtors 6 18,930 15,284

CREDITORS
Amounts falling due within one year 7 13,374 10,140
NET CURRENT ASSETS 5,556 5,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,443

7,948

CREDITORS
Amounts falling due after more than one
year

8

7,306

7,908
NET ASSETS 137 40

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 135 38
SHAREHOLDERS' FUNDS 137 40

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Martin Haley Consultancy Limited (Registered number: 05709800)

Balance Sheet - continued
29 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 October 2024 and were signed by:





Mr M P Haley - Director


Martin Haley Consultancy Limited (Registered number: 05709800)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Martin Haley Consultancy 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. 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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise licence are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Martin Haley Consultancy Limited (Registered number: 05709800)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Franchise
licence
£   
COST
At 1 March 2023
and 29 February 2024 8,674
AMORTISATION
At 1 March 2023 6,072
Amortisation for year 867
At 29 February 2024 6,939
NET BOOK VALUE
At 29 February 2024 1,735
At 28 February 2023 2,602

5. TANGIBLE FIXED ASSETS
Fixtures
and
equipment
£   
COST
At 1 March 2023
and 29 February 2024 6,803
DEPRECIATION
At 1 March 2023 6,601
Charge for year 50
At 29 February 2024 6,651
NET BOOK VALUE
At 29 February 2024 152
At 28 February 2023 202

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 18,930 15,284

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 7,174 6,643
Taxation and social security 5,060 2,357
Other creditors 1,140 1,140
13,374 10,140

Martin Haley Consultancy Limited (Registered number: 05709800)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 7,306 7,908

9. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £17,500 (2023 - £6,800) were paid to the director .

As at 29th February 2024 a director of the company owed the company £14,468 (2023 - £11,742) in respect of an interest free loan, which is repayable on demand.