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REGISTERED NUMBER: 04212934 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 June 2024

for

Conrad Consulting Limited

Conrad Consulting Limited (Registered number: 04212934)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Conrad Consulting Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: G M Ventham





REGISTERED OFFICE: Framlingham Technology Centre
Station Road
Framlingham
Woodbridge
Suffolk
IP13 9EZ





REGISTERED NUMBER: 04212934 (England and Wales)





ACCOUNTANTS: LB Group Advisory Limited
Swift House, Ground Floor
18 Hoffmanns Way
Chelmsford
Essex
CM1 1GU

Conrad Consulting Limited (Registered number: 04212934)

Balance Sheet
30 June 2024

30.6.23 30.6.24
£    £    Notes £    £   
FIXED ASSETS
222,159 Tangible assets 4 104,264

CURRENT ASSETS
1,250,327 Debtors 5 625,224
49,561 Cash at bank 4,681
1,299,888 629,905
CREDITORS
572,905 Amounts falling due within one year 6 362,371
726,983 NET CURRENT ASSETS 267,534
949,142 TOTAL ASSETS LESS CURRENT
LIABILITIES

371,798

CREDITORS
(140,000 ) Amounts falling due after more than one
year

7

(123,033

)

(16,986 ) PROVISIONS FOR LIABILITIES -
792,156 NET ASSETS 248,765

CAPITAL AND RESERVES
200,000 Called up share capital 9 200,000
592,156 Retained earnings 48,765
792,156 SHAREHOLDERS' FUNDS 248,765

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Conrad Consulting Limited (Registered number: 04212934)

Balance Sheet - continued
30 June 2024


The 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.

The financial statements were approved by the director and authorised for issue on 18 October 2024 and were signed by:





G M Ventham - Director


Conrad Consulting Limited (Registered number: 04212934)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Conrad Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance and 25% on reducing balance

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Conrad Consulting Limited (Registered number: 04212934)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
Totals buildings etc
£    £    £   
COST
At 1 July 2023 427,862 118,052 309,810
Additions 91,487 - 91,487
Disposals (332,292 ) (118,052 ) (214,240 )
At 30 June 2024 187,057 - 187,057
DEPRECIATION
At 1 July 2023 205,703 65,424 140,279
Charge for year 48,278 11,805 36,473
Eliminated on disposal (171,188 ) (77,229 ) (93,959 )
At 30 June 2024 82,793 - 82,793
NET BOOK VALUE
At 30 June 2024 104,264 - 104,264
At 30 June 2023 222,159 52,628 169,531

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 460,850 464,272
Amounts owed by group undertakings 65,172 607,906
Other debtors 99,202 178,149
625,224 1,250,327

Conrad Consulting Limited (Registered number: 04212934)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 70,000 70,000
Hire purchase contracts 4,742 121,522
Trade creditors 1,947 6,712
Taxation and social security 227,414 310,310
Other creditors 58,268 64,361
362,371 572,905

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 70,000 140,000
Hire purchase contracts 53,033 -
123,033 140,000

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 140,000 210,000
Hire purchase contracts 57,775 121,522
197,775 331,522

The debts are secured on company assets.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
200,000 Ordinary £1 200,000 200,000

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
G M Ventham
Balance outstanding at start of year - 352,722
Amounts repaid - (352,722 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Conrad Consulting Limited (Registered number: 04212934)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

The loan was repaid by 31.3.2023

An interest rate of 2% applied to the loan.