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Registration number: 07340677

Martin Allen Consulting Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Martin Allen Consulting Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Martin Allen Consulting Limited

(Registration number: 07340677)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

7,093

3,090

Current assets

 

Debtors

5

46,022

41,621

Cash at bank and in hand

 

29,128

9,290

 

75,150

50,911

Creditors: Amounts falling due within one year

6

(57,957)

(35,886)

Net current assets

 

17,193

15,025

Total assets less current liabilities

 

24,286

18,115

Creditors: Amounts falling due after more than one year

6

(8,319)

(18,329)

Net assets/(liabilities)

 

15,967

(214)

Capital and reserves

 

Called up share capital

20

20

Retained earnings

15,947

(234)

Shareholders' funds/(deficit)

 

15,967

(214)

 

Martin Allen Consulting Limited

(Registration number: 07340677)
Balance Sheet as at 31 August 2024

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 October 2024
 

.........................................
M S Allen
Director

 

Martin Allen Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors have considered the impact of the global Covid-19 pandemic on the ability of the company to continue trading for the foreseeable future, based on this review and taken together with existing reserves the directors are confident that they can sustain the business therefore the accounts have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of IT consultancy services in the ordinary course business. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Martin Allen Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 2).

 

Martin Allen Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 September 2023

9,321

9,321

Additions

6,209

6,209

Disposals

(2,526)

(2,526)

At 31 August 2024

13,004

13,004

Depreciation

At 1 September 2023

6,231

6,231

Charge for the year

1,639

1,639

Eliminated on disposal

(1,959)

(1,959)

At 31 August 2024

5,911

5,911

Carrying amount

At 31 August 2024

7,093

7,093

At 31 August 2023

3,090

3,090

5

Debtors

Current

2024
£

2023
£

Trade debtors

18,050

13,152

Other debtors

27,972

28,469

 

46,022

41,621

 

Martin Allen Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

10,201

10,034

Taxation and social security

 

47,756

25,852

 

57,957

35,886

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

8,319

18,329

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,201

10,034

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

8,319

18,329

 

Martin Allen Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

8

Related party transactions

Transactions with the director

2024

At 1 September 2023
£

Advances to director
£

Repayments by director
£

At 31 August 2024
£

M S Allen

20,933

471

(900)

20,504

2023

At 1 September 2022
£

Advances to director
£

Repayments by director
£

At 31 August 2023
£

M S Allen

21,406

427

(900)

20,933