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Bermingham Consulting Limited
Financial Statements
For The Year Ended 31 May 2024
Atiene Aghegho & Co
18 Beatrice Road
Finsbury Park
London
N4 4PD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 5118417
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 936 1,247
936 1,247
CURRENT ASSETS
Debtors 5 8,651 2,450
Cash at bank and in hand 15,330 17,692
23,981 20,142
Creditors: Amounts Falling Due Within One Year 6 (22,796 ) (19,692 )
NET CURRENT ASSETS (LIABILITIES) 1,185 450
TOTAL ASSETS LESS CURRENT LIABILITIES 2,121 1,697
NET ASSETS 2,121 1,697
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 2,120 1,696
SHAREHOLDERS' FUNDS 2,121 1,697
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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Anne Livesey
Director
06/01/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Bermingham Consulting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 5118417 . The registered office is 33 Hadden Court, Milton Road, Harpenden, AL5 5NA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. 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 statement of comprehensive income because of items of income or expense that are taxable or deductible in other years 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 for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed 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 reflect 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 are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employee, including director is 1
2024 2023
Office and administration 1 1
1 1
Page 2
Page 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 874 8,014 8,888
As at 31 May 2024 874 8,014 8,888
Depreciation
As at 1 June 2023 757 6,884 7,641
Provided during the period 29 282 311
As at 31 May 2024 786 7,166 7,952
Net Book Value
As at 31 May 2024 88 848 936
As at 1 June 2023 117 1,130 1,247
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,651 2,450
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 6,233 9,230
Corporation tax 8,978 9,014
Accruals 1,220 1,250
Director's loan account 6,293 1,309
PAYE and NIC (Current liabilities - creditors < 1 year) 72 (1,111 )
22,796 19,692
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 41,000 39,950
10. Ultimate Controlling Party
The company's ultimate controlling party is Mrs Anne Livesey by virtue of her ownership of 100% of the issued share capital in the company.
Page 3