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Company registration number: 07341284
GEOFF LEIGH CONSULTING LIMITED
UNAUDITED FILLETED FINANCIAL STATEMENTS
31 August 2024
GEOFF LEIGH CONSULTING LIMITED
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
GEOFF LEIGH CONSULTING LIMITED
DIRECTORS AND OTHER INFORMATION
Director Mr A G Leigh
Secretary Mr A G Leigh
Company number 07341284
Registered office Countrywide House
Knights Way
Battlefield Enterprise Park
Shrewsbury
SY1 3AB
Business address 14 Jubilee Gardens
Westbury
Shrewsbury
Shropshire
SY5 9EZ
Accountants Heywoods
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
GEOFF LEIGH CONSULTING LIMITED
CHARTERED ACCOUNTANTS REPORT TO THE DIRECTOR ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GEOFF LEIGH CONSULTING LIMITED
YEAR ENDED 31ST AUGUST 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Geoff Leigh Consulting Limited for the year ended 31 August 2024 as set out on pages 5 to 10 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Geoff Leigh Consulting Limited, as a body, in accordance with the terms of our engagement letter dated 23 May 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Geoff Leigh Consulting Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Geoff Leigh Consulting Limited and its director as a body for our work or for this report.
It is your duty to ensure that Geoff Leigh Consulting Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Geoff Leigh Consulting Limited. You consider that Geoff Leigh Consulting Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Geoff Leigh Consulting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Heywoods
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
19 November 2024
GEOFF LEIGH CONSULTING LIMITED
STATEMENT OF FINANCIAL POSITION
31ST AUGUST 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 475 559
_______ _______
475 559
Current assets
Debtors 6 3,019 1,820
Cash at bank and in hand 14,315 14,859
_______ _______
17,334 16,679
Creditors: amounts falling due
within one year 7 ( 5,469) ( 6,100)
_______ _______
Net current assets 11,865 10,579
_______ _______
Total assets less current liabilities 12,340 11,138
Provisions for liabilities ( 90) ( 106)
_______ _______
Net assets 12,250 11,032
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 12,150 10,932
_______ _______
Shareholder funds 12,250 11,032
_______ _______
For the year ending 31 August 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 member has 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 12 November 2024 , and are signed on behalf of the board by:
Mr A G Leigh
Director
Company registration number: 07341284
GEOFF LEIGH CONSULTING LIMITED
STATEMENT OF CHANGES IN EQUITY
YEAR ENDED 31ST AUGUST 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 September 2022 100 7,329 7,429
Profit for the year 15,603 15,603
_______ _______ _______
Total comprehensive income for the year - 15,603 15,603
Dividends paid and payable ( 12,000) ( 12,000)
_______ _______ _______
Total investments by and distributions to owners - ( 12,000) ( 12,000)
_______ _______ _______
At 31 August 2023 and 1 September 2023 100 10,932 11,032
Profit for the year 16,496 16,496
_______ _______ _______
Total comprehensive income for the year - 16,496 16,496
Dividends paid and payable ( 15,278) ( 15,278)
_______ _______ _______
Total investments by and distributions to owners - ( 15,278) ( 15,278)
_______ _______ _______
At 31 August 2024 100 12,150 12,250
_______ _______ _______
GEOFF LEIGH CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Countrywide House, Knights Way, Battlefield Enterprise Park, Shrewsbury, SY1 3AB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 15 % reducing balance
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 September 2023 and 31 August 2024 899 899
_______ _______
Depreciation
At 1 September 2023 340 340
Charge for the year 84 84
_______ _______
At 31 August 2024 424 424
_______ _______
Carrying amount
At 31 August 2024 475 475
_______ _______
At 31 August 2023 559 559
_______ _______
6. Debtors
2024 2023
£ £
Trade debtors 3,019 1,820
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Corporation tax 3,886 3,547
Other creditors 1,583 2,553
_______ _______
5,469 6,100
_______ _______
8. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Amounts repaid Balance o/standing
£ £ £
Mr A G Leigh ( 1,402) 964 ( 438)
_______ _______ _______
2023
Balance brought forward Amounts repaid Balance o/standing
£ £ £
Mr A G Leigh ( 1,516) 114 ( 1,402)
_______ _______ _______
The balance of the directors loan is shown in other creditors