HM Consultants Ltd 06200083 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is to provide computer software programming services. Digita Accounts Production Advanced 6.30.9574.0 true true 06200083 2023-04-01 2024-03-31 06200083 2024-03-31 06200083 bus:OrdinaryShareClass1 2024-03-31 06200083 bus:OrdinaryShareClass2 2024-03-31 06200083 core:CurrentFinancialInstruments 2024-03-31 06200083 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06200083 core:Non-currentFinancialInstruments 2024-03-31 06200083 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 06200083 core:FurnitureFittingsToolsEquipment 2024-03-31 06200083 bus:SmallEntities 2023-04-01 2024-03-31 06200083 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06200083 bus:FilletedAccounts 2023-04-01 2024-03-31 06200083 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06200083 bus:RegisteredOffice 2023-04-01 2024-03-31 06200083 bus:CompanySecretary1 2023-04-01 2024-03-31 06200083 bus:Director1 2023-04-01 2024-03-31 06200083 bus:Director2 2023-04-01 2024-03-31 06200083 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 06200083 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 06200083 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06200083 bus:Agent1 2023-04-01 2024-03-31 06200083 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 06200083 countries:UnitedKingdom 2023-04-01 2024-03-31 06200083 2023-03-31 06200083 core:FurnitureFittingsToolsEquipment 2023-03-31 06200083 2022-04-01 2023-03-31 06200083 2023-03-31 06200083 bus:OrdinaryShareClass1 2023-03-31 06200083 bus:OrdinaryShareClass2 2023-03-31 06200083 core:CurrentFinancialInstruments 2023-03-31 06200083 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06200083 core:Non-currentFinancialInstruments 2023-03-31 06200083 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 06200083 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06200083

HM Consultants Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

HM Consultants Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

HM Consultants Ltd

Company Information

Directors

Mr Hiten Meisuria

Mrs Mira Meisuria

Company secretary

Mrs Hemlata Meisuria

Registered office

3rd Floor
166 College Road
Harrow
Middlesex
HA1 1BH

Accountants

MG Contractor Services Ltd
Chartered Accountants
166 College Road
Harrow
Middlesex
HA1 1BH

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
HM Consultants Ltd
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of HM Consultants Ltd for the year ended 31 March 2024 as set out on pages 3 to 8 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/regulation.

This report is made solely to the Board of Directors of HM Consultants Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of HM Consultants Ltd and state those matters that we have agreed to state to the Board of Directors of HM Consultants Ltd, 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 HM Consultants Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that HM Consultants Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of HM Consultants Ltd. You consider that HM Consultants Ltd 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 accounts of HM Consultants Ltd. 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 accounts.

......................................

MG Contractor Services Ltd
Chartered Accountants
166 College Road
Harrow
Middlesex
HA1 1BH

27 December 2024

 

HM Consultants Ltd

(Registration number: 06200083)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,437

3,476

Current assets

 

Debtors

5

200,000

200,000

Cash at bank and in hand

 

56,398

36,153

 

256,398

236,153

Creditors: Amounts falling due within one year

6

(65,474)

(93,092)

Net current assets

 

190,924

143,061

Total assets less current liabilities

 

195,361

146,537

Creditors: Amounts falling due after more than one year

6

(13,467)

(23,375)

Net assets

 

181,894

123,162

Capital and reserves

 

Called up share capital

8

300

300

Retained earnings

181,594

122,862

Shareholders' funds

 

181,894

123,162

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 December 2024 and signed on its behalf by:
 

.........................................
Mr Hiten Meisuria
Director

 

HM Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
3rd Floor
166 College Road
Harrow
Middlesex
HA1 1BH

These financial statements were authorised for issue by the Board on 27 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

HM Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

HM Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

8,378

8,378

Additions

3,078

3,078

At 31 March 2024

11,456

11,456

Depreciation

At 1 April 2023

4,902

4,902

Charge for the year

2,117

2,117

At 31 March 2024

7,019

7,019

Carrying amount

At 31 March 2024

4,437

4,437

At 31 March 2023

3,476

3,476

5

debtors

Current

2024
£

2023
£

Other debtors

200,000

200,000

 

200,000

200,000

Debtors include a loan to a company under common directorship. At the balance sheet date, the amounts due from the company under common directorship was £200,000 (2023 - £200,000). These loans were unsecured, interest free and repayable on demand.

 

HM Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

10,648

10,648

Taxation and social security

 

44,306

31,310

Other creditors

 

10,520

51,134

 

65,474

93,092

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

13,467

23,375

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

13,467

23,375

Current loans and borrowings

2024
£

2023
£

Other borrowings

10,648

10,648

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

200

200

200

200

Ordinary B of £1 each

100

100

100

100

300

300

300

300

 

HM Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

9

Related party transactions

During the year, the company made the following related party transactions:

Directors
At the balance sheet date, the amounts due to the Director was £10,520 (2023 - £51,134). These loans were unsecured, interest free and repayable on demand.