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REGISTERED NUMBER: 07411318 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

ROB WARD CONSULTING LIMITED

ROB WARD CONSULTING LIMITED (REGISTERED NUMBER: 07411318)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROB WARD CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: R P Ward
L A Ward





REGISTERED OFFICE: Room 73
Wrest House, Wrest Park
Silsoe
Bedfordshire
MK45 4HR





REGISTERED NUMBER: 07411318 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

ROB WARD CONSULTING LIMITED (REGISTERED NUMBER: 07411318)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 400 800
Tangible assets 5 190,063 85,466
190,463 86,266

CURRENT ASSETS
Debtors 6 89,601 174,478
Cash at bank 158,920 -
248,521 174,478
CREDITORS
Amounts falling due within one year 7 317,026 214,547
NET CURRENT LIABILITIES (68,505 ) (40,069 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,958

46,197

CREDITORS
Amounts falling due after more than one year 8 82,897 86,119
NET ASSETS/(LIABILITIES) 39,061 (39,922 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 38,961 (40,022 )
SHAREHOLDERS' FUNDS 39,061 (39,922 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

ROB WARD CONSULTING LIMITED (REGISTERED NUMBER: 07411318)

BALANCE SHEET - continued
31 OCTOBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:




R P Ward - Director



L A Ward - Director


ROB WARD CONSULTING LIMITED (REGISTERED NUMBER: 07411318)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Rob Ward Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 25% on cost
Plant, fixtures and equipment - 25% on cost and 20% on cost
Motor vehicles - 33% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Business bounce back loan scheme
The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the Coronavirus outbreak. The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay in the first 12 months. After 12 months the interest rate will be 2.5% a year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

ROB WARD CONSULTING LIMITED (REGISTERED NUMBER: 07411318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
Cost
At 1 November 2023
and 31 October 2024 2,000
Amortisation
At 1 November 2023 1,200
Charge for year 400
At 31 October 2024 1,600
Net book value
At 31 October 2024 400
At 31 October 2023 800

5. TANGIBLE FIXED ASSETS
Plant,
Improvements fixtures
to and Motor Computer
property equipment vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 November 2023 11,710 101,543 7,150 7,364 127,767
Additions 47,664 71,803 32,256 2,288 154,011
At 31 October 2024 59,374 173,346 39,406 9,652 281,778
Depreciation
At 1 November 2023 219 32,570 4,464 5,049 42,302
Charge for year 11,557 27,287 9,250 1,319 49,413
At 31 October 2024 11,776 59,857 13,714 6,368 91,715
Net book value
At 31 October 2024 47,598 113,489 25,692 3,284 190,063
At 31 October 2023 11,491 68,973 2,686 2,315 85,465

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
Cost
Additions 32,256
At 31 October 2024 32,256
Depreciation
Charge for year 7,423
At 31 October 2024 7,423
Net book value
At 31 October 2024 24,833

ROB WARD CONSULTING LIMITED (REGISTERED NUMBER: 07411318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 61,151 135,131
Other debtors 28,450 31,536
Corporation tax - 7,811
89,601 174,478

Included within 'Other debtors' is an amount of £28,450 (2023: £28,450) in respect of a rent deposit which is due to be recovered in more than one year from the balance sheet date.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,812 21,745
Hire purchase contracts and finance leases (see note 9)
14,052

8,743
Trade creditors 70,529 98,522
Corporation tax 179 -
Social security and other taxes 2,562 6,778
VAT 29,840 2,320
Other creditors 6,317 14,490
Director's loan account 3,400 60,549
Accruals and deferred income 188,335 1,400
317,026 214,547

The bank loan relates to a Business Bounce Back Loan undertaken in 2020. Interest is charged at 2.5%. There are no set repayment terms in place.

Obligations held under finance leases and hire purchase contracts are secured on the assets concerned.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 11,158 10,486
Other loans - 1-2 years 36,283 56,283
Hire purchase contracts and finance leases (see note 9)
35,456

19,350
82,897 86,119

The bank loan relates to a Business Bounce Back Loan undertaken in 2020. Interest is charged at 2.5%. There are no set repayment terms in place.

Obligations held under finance leases and hire purchase contracts are secured on the assets concerned.

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
2024 2023 2024 2023
£    £    £    £   
Net obligations repayable:
Within one year 5,309 - 8,743 8,743
Between one and five years 24,849 - 10,607 19,350
30,158 - 19,350 28,093

ROB WARD CONSULTING LIMITED (REGISTERED NUMBER: 07411318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 64,241 64,241
Between one and five years 183,130 212,783
247,371 277,024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31st October 2024 an amount of £3,400 (2023: £60,549) was due from the company to R P Ward and L A Ward, directors. Interest of £Nil (2023: £Nil) has been charged on this balance during the year and there are no set repayment terms are in place.

12. RELATED PARTY DISCLOSURES

No one entity had control or ultimate control of the company during the year.

Included within debtors is an amount of £3,512 (2023: £3,086) due from Training Management Systems Limited, a company under common control. No interest has been charged on this balance during the year (2023: £Nil) and there are no set repayment terms.