Registered number
11074858
Oldstead Consultants Ltd
Unaudited Filleted Accounts
31 March 2024
Oldstead Consultants Ltd
Registered number: 11074858
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 977 560
Current assets
Debtors 4 5,500 2,500
Cash at bank and in hand 17,308 32,915
22,808 35,415
Creditors: amounts falling due within one year 5 (9,199) (8,027)
Net current assets 13,609 27,388
Net assets 14,586 27,948
Capital and reserves
Called up share capital 100 100
Profit and loss account 14,486 27,848
Shareholder's funds 14,586 27,948
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.
N Gaunt
Director
Approved by the board on 14 January 2025
Oldstead Consultants Ltd
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).
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 over 5 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 1,820
Additions 742
At 31 March 2024 2,562
Depreciation
At 1 April 2023 1,260
Charge for the year 325
At 31 March 2024 1,585
Net book value
At 31 March 2024 977
At 31 March 2023 560
4 Debtors 2024 2023
£ £
Trade debtors 5,500 2,500
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,621 1,071
Taxation and social security costs 4,478 6,206
Other creditors 1,100 750
9,199 8,027
6 Other information
Oldstead Consultants Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Knaresborough Technology Park
Manse Lane
Knaresborough Technology Park
HG5 8LF
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