1 November 2023 v2024.60.2 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP052574512023-11-012024-10-31052574512024-10-31052574512023-10-3105257451core:WithinOneYear2024-10-3105257451core:WithinOneYear2023-10-3105257451core:ShareCapital2024-10-3105257451core:ShareCapital2023-10-3105257451core:RetainedEarningsAccumulatedLosses2024-10-3105257451core:RetainedEarningsAccumulatedLosses2023-10-3105257451bus:Director12023-11-012024-10-3105257451bus:RegisteredOffice2023-11-012024-10-3105257451core:NetGoodwill2023-11-012024-10-3105257451core:FurnitureFittings2023-11-012024-10-3105257451core:OfficeEquipment2023-11-012024-10-31052574512022-11-012023-10-3105257451core:NetGoodwill2024-10-3105257451core:PlantMachinery2024-10-3105257451core:PlantMachinery2023-11-0105257451core:PlantMachinery2023-11-012024-10-3105257451core:PlantMachinery2023-10-310525745112023-11-012024-10-3105257451countries:EnglandWales2023-11-012024-10-3105257451bus:AuditExemptWithAccountantsReport2023-11-012024-10-3105257451bus:PrivateLimitedCompanyLtd2023-11-012024-10-3105257451bus:SmallEntities2023-11-012024-10-3105257451bus:FullAccounts2023-11-012024-10-31
Company registration number:
05257451
Alastair Walmsley Consulting Limited
Unaudited Filleted Financial Statements for the year ended
31 October 2024
Alastair Walmsley Consulting Limited
Statement of Financial Position
31 October 2024
20242023
Note££
Fixed assets    
Tangible assets 6
64
 
180
 
Current assets    
Debtors 7 -  
17,258
 
Cash at bank and in hand
22,086
 
18,448
 
22,086
 
35,706
 
Creditors: amounts falling due within one year 8
(13,233
)
(28,061
)
Net current assets
8,853
 
7,645
 
Total assets less current liabilities 8,917   7,825  
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
8,916
 
7,824
 
Shareholders funds
8,917
 
7,825
 
For the year ending
31 October 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 financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
15 November 2024
, and are signed on behalf of the board by:
Mr A Walmsley
Director
Company registration number:
05257451
Alastair Walmsley Consulting Limited
Notes to the Financial Statements
Year ended
31 October 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
1st Floor Cloister House
,
New Bailey Street
,
Manchester
,
M3 5FS
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover represents revenue earned under contracts to provide professional services and is recognised as earned when the company obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, being the amounts chargeable to clients including expenses and disbursements but excluding value added tax.
Revenue that is contingent upon events outside the control of the company is recognised when the contingent event occurs.

Taxation

Current tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset which is estimated to be 10 years.
Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
25% straight line
Office equipment
33% straight line

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2
).

5 Intangible assets

Goodwill
£
Cost  
At
1 November 2023
and
31 October 2024
10,000
 
Amortisation  
At
1 November 2023
and
31 October 2024
10,000
 
Carrying amount  
At
31 October 2024
-  
At 31 October 2023 -  

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 November 2023
and
31 October 2024
15,562
 
Depreciation  
At
1 November 2023
15,382
 
Charge
116
 
At
31 October 2024
15,498
 
Carrying amount  
At
31 October 2024
64
 
At 31 October 2023
180
 

7 Debtors

20242023
££
Trade debtors -  
16,850
 
Other debtors -  
408
 
-  
17,258
 

8 Creditors: amounts falling due within one year

20242023
££
Taxation and social security
9,672
 
23,373
 
Other creditors
3,561
 
4,688
 
13,233
 
28,061