Registered number
12207399
Botan Consulting Limited
Filleted Accounts
31 March 2024
Botan Consulting Limited
Registered number: 12207399
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 812 2,765
Current assets
Debtors 4 60 5,541
Cash at bank and in hand 108 2,206
168 7,747
Creditors: amounts falling due within one year 5 317 (1,552)
Net current assets 485 6,195
Total assets less current liabilities 1,297 8,960
Creditors: amounts falling due after more than one year 6 (4,680) (6,240)
Provisions for liabilities (154) (525)
Net (liabilities)/assets (3,537) 2,195
Capital and reserves
Called up share capital 1 1
Profit and loss account (3,538) 2,194
Shareholder's funds (3,537) 2,195
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Patrick Johnston
Director
Approved by the board on 29 December 2024
Botan Consulting Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents amounts receivable for professional advice provided in the normal course of business, net of value added tax. Turnover is recognised at the completion of an engagement. Where an engagement is ongoing and intermediate contractual deliverables are identified, revenue is recognised when those intermediate deliverables are completed.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold land and buildings over the lease term
Plant and machinery over 3 years
Fixtures, fittings, tools and equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss statement because of items of income or expense that are taxable or deductible in other periods and items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current and deferred tax for the year is recognised in profit or loss.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 6,604
At 31 March 2024 6,604
Depreciation
At 1 April 2023 3,839
Charge for the year 1,953
At 31 March 2024 5,792
Net book value
At 31 March 2024 812
At 31 March 2023 2,765
4 Debtors 2024 2023
£ £
Other debtors 60 5,541
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs (986) 1,452
Other creditors 669 100
(317) 1,552
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,680 6,240
7 Other information
Botan Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is:
128 City Road
London
EC1V 2NX
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