Registered number
SC280053
Aogan Consulting Limited
Filleted Accounts
29 February 2024
Aogan Consulting Limited
Registered number: SC280053
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 215,000 215,000
Tangible assets 4 - 9,050
215,000 224,050
Current assets
Cash at bank and in hand 106 101
Creditors: amounts falling due within one year 5 (129,833) (142,569)
Net current liabilities (129,727) (142,468)
Net assets 85,273 81,582
Capital and reserves
Called up share capital 100 100
Revaluation reserve 6 (71,876) (71,876)
Profit and loss account 157,049 153,358
Shareholders' funds 85,273 81,582
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 A Murray
Director
Approved by the board on 1 November 2024
Aogan Consulting Limited
Notes to the Accounts
for the year ended 29 February 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 20% straight line
Computer equipment 33% straight line
Fixtures, fittings, tools and equipment 33% straight line
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investment properties £
Cost
At 1 March 2023 365,000
At 29 February 2024 365,000
Amortisation
At 1 March 2023 150,000
At 29 February 2024 150,000
Net book value
At 29 February 2024 215,000
At 28 February 2023 215,000
The investment properties were valued by the director at an open market value as at the balance sheet date. The cost of the properties are £215,000 (2023- £215,000).
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 March 2023 4,699 7,542 45,250 57,491
Disposals - - (45,250) (45,250)
At 29 February 2024 4,699 7,542 - 12,241
Depreciation
At 1 March 2023 4,699 7,542 36,200 48,441
On disposals - - (36,200) (36,200)
At 29 February 2024 4,699 7,542 - 12,241
Net book value
At 29 February 2024 - - - -
At 28 February 2023 - - 9,050 9,050
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,140 376
Other creditors 127,693 142,193
129,833 142,569
6 Revaluation reserve 2024 2023
£ £
At 1 March 2023 (71,876) (71,876)
At 29 February 2024 (71,876) (71,876)
7 Other information
Aogan Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is:
23 Colinton Road
Edinburgh
EH10 5DR
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