SHYLLOT CONSULTING LIMITED

Company Registration Number:
13576646 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

SHYLLOT CONSULTING LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SHYLLOT CONSULTING LIMITED

Directors' report period ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Principal activities of the company

Shyllot Consulting Limited: Director’s Report for the Period Ending 31 January 2024 Principal Activities During the period from 1 February 2023 to 31 January 2024, Shyllot Consulting Limited remained focused on its core business activities within the IT industry. The company continued to offer services across its established areas of expertise, which include IT consultancy, software development, and technology solutions for businesses. However, Shyllot Consulting Limited faced a challenging year and was unable to secure any contracts during the period under review. Financial Performance The financial performance of Shyllot Consulting Limited for the period under review saw no revenue generated. As a result, the company’s income for the year was £0.00. This outcome reflects the competitive landscape and the specific challenges faced by the company in acquiring new contracts. Conclusion Despite a challenging period, Shyllot Consulting Limited remains committed to strengthening its offerings in the IT sector. Moving forward, the company is exploring strategic initiatives aimed at improving visibility and competitiveness in order to secure future business opportunities. This report was approved by the director of Shyllot Consulting Limited on 31/10/2024



Directors

The director shown below has held office during the whole of the period from
1 February 2023 to 31 January 2024

Ayodeji Jayeoba


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 October 2024

And signed on behalf of the board by:
Name: Ayodeji Jayeoba
Status: Director

SHYLLOT CONSULTING LIMITED

Profit And Loss Account

for the Period Ended 31 January 2024

2024 17 months to 31 January 2023


£

£
Turnover: 0 10,000
Cost of sales: ( 2,000 ) ( 3,570 )
Gross profit(or loss): (2,000) 6,430
Distribution costs: 0 ( 300 )
Administrative expenses: ( 500 ) ( 1,000 )
Other operating income: 0 0
Operating profit(or loss): (2,500) 5,130
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (2,500) 5,130
Tax: 0 ( 2,339 )
Profit(or loss) for the financial year: (2,500) 2,791

SHYLLOT CONSULTING LIMITED

Balance sheet

As at 31 January 2024

Notes 2024 17 months to 31 January 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 3,000 3,000
Investments:   0 0
Total fixed assets: 3,000 3,000
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 0 2,000
Investments:   0 0
Total current assets: 0 2,000
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 2,500 ) 0
Net current assets (liabilities): (2,500) 2,000
Total assets less current liabilities: 500 5,000
Creditors: amounts falling due after more than one year: 5 ( 2,500 ) 0
Provision for liabilities: 0 ( 500 )
Accruals and deferred income: 0 0
Total net assets (liabilities): (2,000) 4,500
Capital and reserves
Called up share capital: 2,500 2,000
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: (4,500 ) 2,500
Total Shareholders' funds: ( 2,000 ) 4,500

The notes form part of these financial statements

SHYLLOT CONSULTING LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 31 October 2024
and signed on behalf of the board by:

Name: Ayodeji Jayeoba
Status: Director

The notes form part of these financial statements

SHYLLOT CONSULTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover Policy: Turnover represents the total value of goods and services provided to customers during the accounting period, excluding value-added tax (VAT) and any trade discounts. Revenue is recognized at the point when the company has fulfilled its performance obligations to the customer, typically upon delivery of goods or completion of services, and it is probable that payment will be received. Since March 2022, the company has not engaged in new contracts, and as such, turnover for the current period reflects no active revenue streams.

    Valuation information and policy

    Valuation Information Policy: Assets and liabilities are valued in accordance with relevant accounting standards to ensure an accurate representation of the company's financial position. Tangible fixed assets are recorded at cost and depreciated over their useful lives, while inventory is valued at the lower of cost and net realizable value. Investments are valued at fair value where possible, or at cost if fair value is not readily determinable. The company regularly reviews asset valuations to identify any impairments that may require adjustments.

    Other accounting policies

    Depreciation Policy: "Tangible fixed assets are depreciated over their estimated useful lives to reflect their usage and reduce their value systematically. Depreciation is calculated on a straight-line basis unless another method better represents the asset's usage pattern. The typical useful lives are as follows: - Equipment and machinery: 3-5 years - Furniture and fixtures: 5 years"

SHYLLOT CONSULTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 17 months to 31 January 2023
    Average number of employees during the period 1 1

SHYLLOT CONSULTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 0 0 750 1,250 1,000 3,000
Additions 0 0 0 0 0 0
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 January 2024 0 0 750 1,250 1,000 3,000
Depreciation
At 1 February 2023 0 0 0 0 0 0
Charge for year 0 0 0 0 0 0
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 January 2024 0 0 0 0 0 0
Net book value
At 31 January 2024 0 0 750 1,250 1,000 3,000
At 31 January 2023 0 0 750 1,250 1,000 3,000

SHYLLOT CONSULTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Creditors: amounts falling due within one year note

2024 17 months to 31 January 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 2,500 0
Total 2,500 0

SHYLLOT CONSULTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due after more than one year note

2024 17 months to 31 January 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 2,500 0
Total 2,500 0

SHYLLOT CONSULTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Financial Commitments

Financial Commitments: 1. Lease Obligations: The company is committed to a lease agreement for rented office space, with an annual commitment of £1,200 based on a monthly rent of £100. This commitment will continue as long as the lease agreement remains in effect. 2. Director Loan: The company has a financial commitment of £2,500 in the form of a loan from the director. This loan is repayable based on mutually agreed terms between the director and the company.

SHYLLOT CONSULTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

7. Loans to directors

Name of director receiving advance or credit: Ayodeji Jayeoba
Description of the transaction:
As of 31 January 2023, Shyllot Consulting Limited confirms there are no loans to the director. No funds were advanced, and no repayment obligations exist, ensuring full allocation of company resources to operations.
£
Balance at 31 January 2023
Advances or credits made:
Advances or credits repaid:
Balance at 31 January 2024 0

As of the financial year ending 31 January 2023, Shyllot Consulting Limited confirms that there are no additional directors other than the current director. No appointments or resignations of directors occurred during this period.