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T15 Consultancy Limited
 
Unaudited Financial Statements
 
for the financial year ended 30 April 2024
T15 Consultancy Limited
DIRECTOR AND OTHER INFORMATION

 
Director Iain Tyson
 
 
Company Registration Number 08657426
 
 
Registered Office and Business Address 217 Lightbowne Road
Manchester
United Kingdom
M40 9DD
United Kingdom
 
 
Accountants Quarter
Chartered Accountants
St.Annes House
15 Church Street
Belfast
BT1 1PG
 
 
Bankers Virgin Money
  Timor House
  Mariner Court
  Clydebank Business Park



T15 Consultancy Limited

CHARTERED ACCOUNTANTS REPORT
to the Director on the Compilation of the unaudited financial statements of T15 Consultancy Limited
for the financial year ended 30 April 2024
 
In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 30 April 2024 as set out on pages  to 11 which comprise the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
 
This report is made solely to the director of T15 Consultancy Limited, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Director that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its director for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the Balance Sheet for the year ended 30 April 2024 your duty to ensure that T15 Consultancy 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 T15 Consultancy Limited. You consider that T15 Consultancy Limited is exempt from the statutory audit requirement for the financial year.
 
We have not been instructed to carry out an audit or a review of the financial statements of T15 Consultancy Limited. For this reason, we have not verified the adequacy, 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.
 
 
 
__________________________________
QUARTER
Chartered Accountants
St.Annes House
15 Church Street
Belfast
BT1 1PG
 
5 December 2024



T15 Consultancy Limited
Company Registration Number: 08657426
BALANCE SHEET
as at 30 April 2024

2024 2023
Notes £ £
 
Fixed Assets
Investments 4 50,000 -
───────── ─────────
 
Current Assets
Debtors 5 867,000 311,694
Cash and cash equivalents 14,150 56,108
───────── ─────────
881,150 367,802
───────── ─────────
Creditors: amounts falling due within one year 6 (226,496) (61,008)
───────── ─────────
Net Current Assets 654,654 306,794
───────── ─────────
Total Assets less Current Liabilities 704,654 306,794
 
Creditors:
amounts falling due after more than one year 7 (10,875) (21,651)
───────── ─────────
Net Assets 693,779 285,143
═════════ ═════════
 
Capital and Reserves
Called up share capital 5 5
Retained earnings 693,774 285,138
───────── ─────────
Equity attributable to owners of the company 693,779 285,143
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
           
Approved by the Director and authorised for issue on 5 December 2024
           
           
________________________________          
Iain Tyson          
Director          
           



T15 Consultancy Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 April 2024

   
1. General Information
 
T15 Consultancy Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 08657426. The registered office of the company is 217 Lightbowne Road, Manchester, United Kingdom, M40 9DD, United Kingdom which is also the principal place of business of the company. Management of real estate on a fee or contract basis The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 April 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Profit and Loss Account in the financial year in which it is receivable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2023 - 1).
 
  2024 2023
  Number Number
 
Director 1 1
  ═════════ ═════════
       
4. Investments
  Other Total
  investments  
     
Investments £ £
Cost
Additions 50,000 50,000
  ───────── ─────────
At 30 April 2024 50,000 50,000
  ───────── ─────────
Net book value
At 30 April 2024 50,000 50,000
  ═════════ ═════════
       
5. Debtors 2024 2023
  £ £
 
Amounts owed by connected parties (Note 10) 401,883 83,165
Other debtors 13,333 11,952
Director's current account (Note 11) 338,930 163,074
Taxation  (Note 8) 112,854 53,503
  ───────── ─────────
  867,000 311,694
  ═════════ ═════════
       
6. Creditors 2024 2023
Amounts falling due within one year £ £
 
Bank loan 10,649 9,823
Taxation  (Note 8) 199,874 36,593
Other creditors 13,333 11,952
Accruals 2,640 2,640
  ───────── ─────────
  226,496 61,008
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Bank loan 10,875 21,651
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 6) 10,649 9,823
Repayable between one and two years 10,875 21,651
  ───────── ─────────
  21,524 31,474
  ═════════ ═════════
 
       
8. Taxation 2024 2023
  £ £
 
Debtors:
Corporation tax 112,854 53,503
  ═════════ ═════════
Creditors:
VAT 3,643 5,127
Corporation tax 196,231 31,466
  ───────── ─────────
  199,874 36,593
  ═════════ ═════════
       
9. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 April 2024.
           
10. Related party transactions
  Balance Movement Balance Maximum
  2024 in year 2023 in year
  £ £ £ £
 
T15 Investments Limited 401,883 318,718 83,165 176,165
  ───────── ───────── ───────── ═════════
   
11. Director's advances, credits and guarantees
 
As at 30th April 2024 director owed the company £338,930 (2023: £163,074).  The net movement during the period was totaled to £175,856 including the interest charged of £7,458. The loan is unsecured and repayable on demand.
   
12. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.