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Company Registration No. 11340345 (England and Wales)
FRIEL CONSULTING LTD Unaudited accounts for the year ended 31 May 2024
FRIEL CONSULTING LTD Unaudited accounts Contents
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FRIEL CONSULTING LTD Company Information for the year ended 31 May 2024
Director
Clare Friel
Company Number
11340345 (England and Wales)
Registered Office
15b Regatta Quay Key Street Ipswich Suffolk IP4 1FH United Kingdom
Accountants
ABBEYGATE ACCOUNTANCY LTD UNIT 27 STATION HILL THURSTON BURY ST. EDMUNDS ENGLAND IP31 3QU
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FRIEL CONSULTING LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,448 
2,706 
Current assets
Debtors
63,052 
34,679 
Cash at bank and in hand
33,639 
18,725 
96,691 
53,404 
Creditors: amounts falling due within one year
(69,009)
(55,610)
Net current assets/(liabilities)
27,682 
(2,206)
Net assets
29,130 
500 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
29,129 
499 
Shareholders' funds
29,130 
500 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 October 2024 and were signed on its behalf by
Clare Friel Director Company Registration No. 11340345
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FRIEL CONSULTING LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
FRIEL CONSULTING LTD is a private company, limited by shares, registered in England and Wales, registration number 11340345. The registered office is 15b Regatta Quay Key Street, Ipswich, Suffolk, IP4 1FH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance method
Computer equipment
33% on straight line method
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
659 
5,124 
5,783 
At 31 May 2024
659 
5,124 
5,783 
Depreciation
At 1 June 2023
659 
2,418 
3,077 
Charge for the year
- 
1,258 
1,258 
At 31 May 2024
659 
3,676 
4,335 
Net book value
At 31 May 2024
- 
1,448 
1,448 
At 31 May 2023
- 
2,706 
2,706 
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FRIEL CONSULTING LTD Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
22,392 
15,983 
Accrued income and prepayments
353 
- 
Other debtors
40,307 
18,696 
63,052 
34,679 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
14,715 
21,707 
VAT
17,630 
14,715 
Trade creditors
1,419 
4,850 
Taxes and social security
10,292 
7,032 
Other creditors
3,251 
5,306 
Accruals
21,702 
2,000 
69,009 
55,610 
7
Average number of employees
During the year the average number of employees was 4 (2023: 5).
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