Registered number
11869052
STARKEY FINANCIAL CONSULTING LTD
Filleted Accounts
31 March 2024
STARKEY FINANCIAL CONSULTING LTD
Registered number: 11869052
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 638 850
Investments 4 5,000 -
5,638 850
Current assets
Debtors 5 10,000 10,000
Cash at bank and in hand 66,194 51,001
76,194 61,001
Creditors: amounts falling due within one year 6 (29,447) (20,449)
Net current assets 46,747 40,552
Net assets 52,385 41,402
Capital and reserves
Called up share capital 21 21
Profit and loss account 52,364 41,381
Shareholders' funds 52,385 41,402
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr W Starkey
Director
Approved by the board on 19 September 2024
STARKEY FINANCIAL CONSULTING LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 1,062
At 31 March 2024 1,062
Depreciation
At 1 April 2023 212
Charge for the year 212
At 31 March 2024 424
Net book value
At 31 March 2024 638
At 31 March 2023 850
4 Investments
Other
investments
£
Cost
Additions 5,000
At 31 March 2024 5,000
5 Debtors 2024 2023
£ £
Other debtors 10,000 10,000
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 792 792
Taxation and social security costs 21,950 16,184
Other creditors 6,705 3,473
29,447 20,449
7 Other information
STARKEY FINANCIAL CONSULTING LTD is a private company limited by shares and incorporated in England. Its registered office is:
Unit 8a
Escrick Business Park
Escrick
York
YO19 6FD
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