IRIS Accounts Production v24.3.0.553 02020210 Board of Directors 1.9.23 31.8.24 31.8.24 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh020202102023-08-31020202102024-08-31020202102023-09-012024-08-31020202102022-08-31020202102022-09-012023-08-31020202102023-08-3102020210ns15:EnglandWales2023-09-012024-08-3102020210ns14:PoundSterling2023-09-012024-08-3102020210ns10:Director12023-09-012024-08-3102020210ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3102020210ns10:SmallEntities2023-09-012024-08-3102020210ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3102020210ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3102020210ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3102020210ns10:FullAccounts2023-09-012024-08-3102020210ns10:Director22023-09-012024-08-3102020210ns10:Director32023-09-012024-08-3102020210ns10:CompanySecretary12023-09-012024-08-3102020210ns10:RegisteredOffice2023-09-012024-08-3102020210ns5:CurrentFinancialInstruments2024-08-3102020210ns5:CurrentFinancialInstruments2023-08-3102020210ns5:ShareCapital2024-08-3102020210ns5:ShareCapital2023-08-3102020210ns5:SharePremium2024-08-3102020210ns5:SharePremium2023-08-3102020210ns5:CapitalRedemptionReserve2024-08-3102020210ns5:CapitalRedemptionReserve2023-08-3102020210ns5:RetainedEarningsAccumulatedLosses2024-08-3102020210ns5:RetainedEarningsAccumulatedLosses2023-08-3102020210ns5:PlantMachinery2023-08-3102020210ns5:PlantMachinery2023-09-012024-08-3102020210ns5:PlantMachinery2024-08-3102020210ns5:PlantMachinery2023-08-3102020210ns5:CostValuation2023-08-3102020210ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3102020210ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31
REGISTERED NUMBER: 02020210 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Finglow Consultants Limited

Finglow Consultants Limited (Registered number: 02020210)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Finglow Consultants Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: R S Green
B L Cashman
L T Billings





SECRETARY: L T Billings





REGISTERED OFFICE: 34 Chambers Street
Hertford
Hertfordshire
SG14 1PL





REGISTERED NUMBER: 02020210 (England and Wales)





ACCOUNTANTS: Xeinadin South East Limited
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT

Finglow Consultants Limited (Registered number: 02020210)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,851 16,813
Investments 5 10,251 10,251
21,102 27,064

CURRENT ASSETS
Debtors 6 181,008 167,035
Cash at bank and in hand 896,030 763,549
1,077,038 930,584
CREDITORS
Amounts falling due within one year 7 175,284 139,549
NET CURRENT ASSETS 901,754 791,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

922,856

818,099

PROVISIONS FOR LIABILITIES 2,750 3,000
NET ASSETS 920,106 815,099

CAPITAL AND RESERVES
Called up share capital 151 151
Share premium 9,902 9,902
Capital redemption reserve 49 49
Retained earnings 910,004 804,997
SHAREHOLDERS' FUNDS 920,106 815,099

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Finglow Consultants Limited (Registered number: 02020210)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





R S Green - Director


Finglow Consultants Limited (Registered number: 02020210)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Finglow Consultants 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.

The company is part of a group.

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.

Preparation of consolidated financial statements
The financial statements contain information about Finglow Consultants Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
No significant judgements or estimations have been applied in the preparation of the financial statements.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

Tangible fixed assets
Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings- 33% on cost
Motor vehicles- 20% on cost
Office furniture- 20% on cost
Office equipment and computers- 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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.


Finglow Consultants Limited (Registered number: 02020210)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.

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.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 138,627
Additions 6,039
At 31 August 2024 144,666
DEPRECIATION
At 1 September 2023 121,814
Charge for year 12,001
At 31 August 2024 133,815
NET BOOK VALUE
At 31 August 2024 10,851
At 31 August 2023 16,813

Finglow Consultants Limited (Registered number: 02020210)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 10,251
NET BOOK VALUE
At 31 August 2024 10,251
At 31 August 2023 10,251

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 131,366 127,949
Amounts owed by group undertakings 4,313 3,779
Other debtors 45,329 35,307
181,008 167,035

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,556 10,904
Amounts owed to group undertakings 64,651 44,172
Taxation and social security 95,171 61,445
Other creditors 9,906 23,028
175,284 139,549

8. RELATED PARTY DISCLOSURES

During the year the company purchased services with a total value of £52,292 (2023: £43,924) from Finglow Argentina Cordoba Limited and recharged amounts to Finglow Argentina Cordoba Limited of £12,110 (2023: £248.
At the balance sheet date, the following amounts were owed by / to related parties and are included in debtors and creditors as appropriate:-
2024 2024 2023 2023
Debtor Creditor Debtor Creditor
£    £    £    £   

Finglow Holdings Limited - 12,358 - 248
Finglow Argentina Cordoba Limited - 52,292 - 43,924
Finglow Argentina Limited 4,313 - 3,779 -
4,313 64,650 3,779 44,172

Finglow Consultants Limited (Registered number: 02020210)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Finglow Holdings limited whose registered office is 34 Chambers Street, Hertford, Hertfordshire, SG14 1PL.

The company's ultimate controlling party is BL Cashman, by virtue of his majority shareholding in Finglow Holdings Limited.