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Registration number: 12614376

Nara Consult Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Nara Consult Ltd

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 9

 

Nara Consult Ltd

Company Information

Directors

Mr Christian John Stocker

Mrs Ines Padin Rodriguez

Registered office

102 Fulham Palace Road
London
W6 9PL

Accountants

Michaelides Warner & Co
102 Fulham Palace Road
London
W6 9PL

 

Nara Consult Ltd

(Registration number: 12614376)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,422

2,564

Current assets

 

Debtors

5

11,952

11,404

Cash at bank and in hand

 

34,939

14,656

 

46,891

26,060

Creditors: Amounts falling due within one year

6

(39,802)

(10,387)

Net current assets

 

7,089

15,673

Net assets

 

9,511

18,237

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

9,411

18,137

Shareholders' funds

 

9,511

18,237

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

Directors' 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 directors acknowledge their 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 Board on 14 October 2024 and signed on its behalf by:
 

.........................................
Mr Christian John Stocker
Director

.........................................
Mrs Ines Padin Rodriguez
Director

 
     
 

Nara Consult Ltd

Statement of Changes in Equity for the Year Ended 31 May 2024

Share capital
£

Retained earnings
£

Total
£

At 1 June 2023

100

18,137

18,237

Profit for the year

-

21,274

21,274

Dividends

-

(30,000)

(30,000)

At 31 May 2024

100

9,411

9,511

Share capital
£

Retained earnings
£

Total
£

At 1 June 2022

100

14,525

14,625

Profit for the year

-

3,612

3,612

At 31 May 2023

100

18,137

18,237

 

Nara Consult Ltd

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

1

General information

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

The address of its registered office is:
102 Fulham Palace Road
London
W6 9PL
England

These financial statements were authorised for issue by the Board on 14 October 2024.

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.

 

Nara Consult Ltd

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

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The directors consider that there are no key judgements that management have made in the process of applying the company’s accounting policies and that may have had a significant effect on the amounts recognised in the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and
provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value
added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised
directly in other comprehensive income.

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

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

Straight line 25%

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.

 

Nara Consult Ltd

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

 

Nara Consult Ltd

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

3

Staff numbers

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

 

Nara Consult Ltd

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

4,816

4,816

Additions

1,416

1,416

At 31 May 2024

6,232

6,232

Depreciation

At 1 June 2023

2,252

2,252

Charge for the year

1,558

1,558

At 31 May 2024

3,810

3,810

Carrying amount

At 31 May 2024

2,422

2,422

At 31 May 2023

2,564

2,564

5

Debtors

Current

2024
£

2023
£

Trade debtors

297

-

Other debtors

11,655

11,404

 

11,952

11,404

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

97

Taxation and social security

6,688

2,441

Accruals and deferred income

850

850

Other creditors

32,264

6,999

39,802

10,387

 

Nara Consult Ltd

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

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

8

Related party transactions

Included in other creditors is amounts owed to the directors of £32,266 (2023: £6,998). The loan is repayable on demand.

Transactions with directors

2024

At 1 June 2023
£

Repayments by director
£

At 31 May 2024
£

Mr Christian John Stocker

Amounts owed to/(from) the director

3,499

12,634

16,133

       
     

Mrs Ines Padin Rodriguez

Amounts owed to/(from) the director

3,499

12,634

16,133

       
     

 

2023

At 1 June 2022
£

Repayments by director
£

At 31 May 2023
£

Mr Christian John Stocker

Amounts owed to/(from) the director

2,131

1,368

3,499

       
     

Mrs Ines Padin Rodriguez

Amounts owed to/(from) the director

2,131

1,368

3,499