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Registered Number: 12066489
England and Wales

 

 

 

FOLLOW THE MONEY CONSULTING LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 August 2023

End date: 31 July 2024
Director Adam Leaver
Registered Number 12066489
Registered Office 10 Chatham Road
Old Trafford
Manchester
M16 0DR
Accountants Houghtons
Chartered Certified Accountants
3 Buckingham Road West
Heaton Moor
Stockport
SK4 4AZ
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 July 2024
Director
The director who served the company throughout the year was as follows:
Adam Leaver
Statement of director's responsibilities
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business
The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

On behalf of the board.


----------------------------------
Adam Leaver
Director

Date approved: 26 November 2024
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3   458 
  458 
Current assets      
Debtors 4 10,000    99 
Cash at bank and in hand 8,728    14,037 
18,728    14,136 
Creditors: amount falling due within one year 5 (1,433)   (266)
Net current assets 17,295    13,870 
 
Total assets less current liabilities 17,295    14,328 
Net assets 17,295    14,328 
 

Capital and reserves
     
Called up share capital 6 1    1 
Profit and loss account 17,294    14,327 
Shareholders' funds 17,295    14,328 
 


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

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 to the Registrar of Companies.
The financial statements were approved by the director on 26 November 2024 and were signed by:


-------------------------------
Adam Leaver
Director
3
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 August 2022 1  26,012  26,013 
Profit for the year (1,510) (1,510)
Total comprehensive income for the year (1,510) (1,510)
Dividends (10,175) (10,175)
Total investments by and distributions to owners (10,175) (10,175)
At 31 July 2023 1  14,327  14,328 
At 01 August 2023 1  14,327  14,328 
Profit for the year 4,451  4,451 
Total comprehensive income for the year 4,451  4,451 
Dividends (1,484) (1,484)
Total investments by and distributions to owners (1,484) (1,484)
At 31 July 2024 1  17,294  17,295 
4
General Information
Follow The Money Consulting Ltd is a private company, limited by shares, registered in England and Wales, registration number 12066489, registration address 10 Chatham Road, Old Trafford, Manchester, M16 0DR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 3 years Straight Line
2.

Average number of employees



Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 August 2023 1,378    1,378 
Additions  
Disposals  
At 31 July 2024 1,378    1,378 
Depreciation
At 01 August 2023 920    920 
Charge for year 458    458 
On disposals  
At 31 July 2024 1,378    1,378 
Net book values
Closing balance as at 31 July 2024  
Opening balance as at 01 August 2023 458    458 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Corporation Tax   99 
Directors' Current Accounts 10,000   
10,000    99 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors  
Corporation Tax 806   
Accrued Expenses 627    266 
1,433    266 

6.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1 Ordinary share of £1.00 each  
 

7.

Transactions with Directors

During the year dividends of £1,484 (2023 : £10,175) were paid to the Director.  The amount owing from / to the Director at the year end was £10,000 (2023: £nil).  This was repaid within 9 months of the year end and no interest was chargeable on the amount.  
8.

Controlling Party

In the opinion of the directors the ultimate controlling party is Adam Leaver by virtue of his majority shareholding.
5