Registered number
09541066
Friars Point Consulting Limited
Filleted Accounts
30 April 2024
Friars Point Consulting Limited
Registered number: 09541066
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 5 575 475
575 475
Current assets
Debtors 7 37,809 40,194
Cash at bank and in hand 286,521 313,420
324,330 353,614
Creditors: amounts falling due within one year 9 (45,939) (16,880)
Net current assets 278,391 336,734
Total assets less current liabilities 278,966 337,209
Creditors: amounts falling due after more than one year 10 - -
Provisions for liabilities - -
Net assets 278,966 337,209
Capital and reserves
Called up share capital 1 1
Profit and loss account 278,965 337,208
Shareholder's funds 278,966 337,209
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.
Dr Paul Mitchell
Director
Approved by the board on 18 July 2024
Friars Point Consulting Limited
Notes to the Accounts
for the year ended 30 April 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 - 949 - 949
Additions - 450 - 450
Surplus on revaluation - - - -
Disposals - - - -
At 30 April 2024 - 1,399 - 1,399
Depreciation
At 1 May 2023 - 474 - 474
Charge for the year - 350 - 350
Surplus on revaluation - - - -
On disposals - - - -
At 30 April 2024 - 824 - 824
Net book value
At 30 April 2024 - 575 - 575
At 30 April 2023 - 475 - 475
7 Debtors 2024 2023
£ £
Trade debtors 37,809 31,757
Amounts owed by group undertakings and undertakings in which the company has a participating interest - -
Deferred tax asset - -
Other debtors - 8,437
37,809 40,194
Amounts due after more than one year included above - -
9 Creditors: amounts falling due within one year 2024 2023
£ £
Non-equity preference shares - -
Bank loans and overdrafts - -
Obligations under finance lease and hire purchase contracts - -
Trade creditors 1,080 960
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Taxation and social security costs 15,354 15,864
Other creditors 29,505 56
45,939 16,880
10 Creditors: amounts falling due after one year 2024 2023
£ £
Non-equity preference shares - -
Bank loans - -
Obligations under finance lease and hire purchase contracts - -
Trade creditors - -
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Other creditors - -
- -
21 Related party transactions
There were no related party transactions in the period under review.
22 Controlling party
The ultimate controlling party is Dr Paul Mitchell by virtue of his shareholding.
23 Other information
Friars Point Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is:
3rd Floor
82 King Street
Manchester
Lancashire
M2 4WQ
24 Average Number of Employees 2024 2023
0 0
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