IRIS Accounts Production v24.3.0.553 14974125 director 2.7.23 31.7.24 31.7.24 false true false false true false Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh149741252023-07-01149741252024-07-31149741252023-07-022024-07-31149741252023-07-0114974125ns15:EnglandWales2023-07-022024-07-3114974125ns14:PoundSterling2023-07-022024-07-3114974125ns10:Director12023-07-022024-07-3114974125ns10:PrivateLimitedCompanyLtd2023-07-022024-07-3114974125ns10:SmallEntities2023-07-022024-07-3114974125ns10:AuditExempt-NoAccountantsReport2023-07-022024-07-3114974125ns10:SmallCompaniesRegimeForDirectorsReport2023-07-022024-07-3114974125ns10:SmallCompaniesRegimeForAccounts2023-07-022024-07-3114974125ns10:FullAccounts2023-07-022024-07-3114974125ns10:OrdinaryShareClass12023-07-022024-07-31149741251ns10:OrdinaryShareClass12023-07-022024-07-3114974125ns10:RegisteredOffice2023-07-022024-07-3114974125ns5:CurrentFinancialInstruments2024-07-3114974125ns5:ShareCapital2024-07-3114974125ns5:RetainedEarningsAccumulatedLosses2024-07-3114974125ns5:ComputerEquipment2023-07-022024-07-3114974125ns5:ComputerEquipment2024-07-3114974125ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3114974125ns5:DeferredTaxation2023-07-022024-07-3114974125ns5:DeferredTaxation2024-07-3114974125ns10:OrdinaryShareClass12024-07-3114974125ns5:RetainedEarningsAccumulatedLosses2023-07-022024-07-31
REGISTERED NUMBER: 14974125 (England and Wales)













Unaudited Financial Statements

for the Period 2 July 2023 to 31 July 2024

for

123uk Consulting Limited

123uk Consulting Limited (Registered number: 14974125)






Contents of the Financial Statements
for the Period 2 July 2023 to 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


123uk Consulting Limited

Company Information
for the Period 2 July 2023 to 31 July 2024







DIRECTOR: J E Rogers





REGISTERED OFFICE: 80a Church Road
Richmond
TW10 6LW





REGISTERED NUMBER: 14974125 (England and Wales)





ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG

123uk Consulting Limited (Registered number: 14974125)

Balance Sheet
31 July 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,116

CURRENT ASSETS
Debtors 5 1,580
Cash at bank 18,397
19,977
CREDITORS
Amounts falling due within one year 6 13,923
NET CURRENT ASSETS 6,054
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,170

PROVISIONS FOR LIABILITIES 7 212
NET ASSETS 6,958

CAPITAL AND RESERVES
Called up share capital 8 1
Retained earnings 9 6,957
SHAREHOLDERS' FUNDS 6,958

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

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

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 15 October 2024 and were signed by:





J E Rogers - Director


123uk Consulting Limited (Registered number: 14974125)

Notes to the Financial Statements
for the Period 2 July 2023 to 31 July 2024

1. STATUTORY INFORMATION

123uk 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. 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.

Turnover
Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Computer equipment-25% per annum

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the period comprises current and deferred 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 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 period 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.

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.

123uk Consulting Limited (Registered number: 14974125)

Notes to the Financial Statements - continued
for the Period 2 July 2023 to 31 July 2024

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 1,530
At 31 July 2024 1,530
DEPRECIATION
Charge for period 414
At 31 July 2024 414
NET BOOK VALUE
At 31 July 2024 1,116

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 1,580

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 1,423
Other creditors 12,500
13,923

7. PROVISIONS FOR LIABILITIES
£   
Deferred tax 212

Deferred
tax
£   
Provided during period 212
Balance at 31 July 2024 212

123uk Consulting Limited (Registered number: 14974125)

Notes to the Financial Statements - continued
for the Period 2 July 2023 to 31 July 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1 1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.

9. RESERVES
Retained
earnings
£   

Profit for the period 6,957
At 31 July 2024 6,957

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 31 July 2024 the company owed the director £336.

11. RELATED PARTY DISCLOSURES

There were no related party transactions in the year.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J E Rogers.