Company registration number 06972234 (England and Wales)
Ingram Consultants Limited
Unaudited financial statements
For the period ended 14 October 2024
Ingram Consultants Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
Ingram Consultants Limited
Statement of financial position
As at 14 October 2024
14 October 2024
- 1 -
14 October 2024
31 July 2023
Notes
£
£
£
£
Current assets
Debtors
4
8,813
374,148
Cash at bank and in hand
402,621
55,158
411,434
429,306
Creditors: amounts falling due within one year
5
-
0
(42,975)
Net current assets
411,434
386,331
Creditors: amounts falling due after more than one year
6
-
0
(7,625)
Net assets
411,434
378,706
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
411,334
378,606
Total equity
411,434
378,706

For the financial period ended 14 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 14 October 2024
Mr P Ingram
Director
Company registration number 06972234 (England and Wales)
Ingram Consultants Limited
Notes to the financial statements
For the period ended 14 October 2024
- 2 -
1
Accounting policies
Company information

Ingram Consultants Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Dairy, Sutton Lodge, Sutton Bassett, Market Harborough, LE16 8HL.

1.1
Reporting period

The reporting period is presented in a period longer then one year, this is due to the company liquidation. The comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The company ceased trading on true20 December 2023 and the financial statements have been prepared

on a basis other than that of the going concern basis. This basis includes, where applicable, writing

the company’s assets down to net realisable value. Provisions have also been made in respect of

contracts which have become onerous at the reporting date. No provision has been made for the

future costs of terminating the business unless such costs were committed to at the reporting date.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
Fully depreciated

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash at bank.

Ingram Consultants Limited
Notes to the financial statements (continued)
For the period ended 14 October 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2023
Number
Number
Total
-
0
-
0
Ingram Consultants Limited
Notes to the financial statements (continued)
For the period ended 14 October 2024
- 4 -
3
Tangible fixed assets
Computer equipment
£
Cost
At 1 August 2023
4,146
Disposals
(4,146)
At 14 October 2024
-
0
Depreciation and impairment
At 1 August 2023
4,146
Eliminated in respect of disposals
(4,146)
At 14 October 2024
-
0
Carrying amount
At 14 October 2024
-
0
At 31 July 2023
-
0
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
8,813
374,148
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
-
0
4,014
Other creditors
-
0
38,961
-
0
42,975
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
-
0
7,625
Ingram Consultants Limited
Notes to the financial statements (continued)
For the period ended 14 October 2024
- 5 -
7
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

The advance is unsecured, repayable on demand and interest is charged at HMRC's official rate of interest per annum, where the balance exceeds £10,000.

 

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Directors loan account
2.25
373,017
425,746
8,554
(799,388)
7,929
373,017
425,746
8,554
(799,388)
7,929
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