Registered number
SC577040
The Little Consultancy Limited
Filleted Accounts
30 September 2024
The Little Consultancy Limited
Registered number: SC577040
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,395 6,744
Current assets
Debtors 4 45,882 16,679
Cash at bank and in hand 40,384 65,467
86,266 82,146
Creditors: amounts falling due within one year 5 (40,780) (33,387)
Net current assets 45,486 48,759
Net assets 50,881 55,503
Capital and reserves
Called up share capital 10 10
Profit and loss account 50,871 55,493
Shareholders' funds 50,881 55,503
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Natalie Little
Director
Approved by the board on 8 January 2025
The Little Consultancy Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
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.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2023 17,500 1,579 19,079
At 30 September 2024 17,500 1,579 19,079
Depreciation
At 1 October 2023 11,766 569 12,335
Charge for the year 1,147 202 1,349
At 30 September 2024 12,913 771 13,684
Net book value
At 30 September 2024 4,587 808 5,395
At 30 September 2023 5,734 1,010 6,744
4 Debtors 2024 2023
£ £
Trade debtors 45,882 16,679
5 Creditors: amounts falling due within one year 2024 2023
£ £
Credit card 903 466
Taxation and social security costs 38,283 31,408
Accruals 1,594 1,513
40,780 33,387
6 Other information
The Little Consultancy Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
30 Queen's Crescent
Edinburgh
EH9 2BA
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