Registered number
06888597
UKFS Consulting Limited
Filleted Accounts
30 April 2024
UKFS Consulting Limited
Registered number: 06888597
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,941 2,191
Current assets
Debtors 4 300 800
Investments held as current assets 5 1,000 3,000
Cash at bank and in hand 7,815 4,938
9,115 8,738
Creditors: amounts falling due within one year 6 (1,849) (2,576)
Net current assets 7,266 6,162
Total assets less current liabilities 9,207 8,353
Creditors: amounts falling due after more than one year 7 (2,261) (3,048)
Provisions for liabilities (278) (278)
Net assets 6,668 5,027
Capital and reserves
Called up share capital 100 100
Profit and loss account 6,568 4,927
Shareholders' funds 6,668 5,027
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 members have 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.
Mohammed Khalid
Director
Approved by the board on 26 January 2025
UKFS Consulting Limited
Notes to the Accounts
for the year ended 30 April 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services.
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 33% straight line
Fixtures, fittings, tools and equipment 25% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Furniture and fixtures Total
£ £ £
Cost
At 1 May 2023 2,297 815 3,112
Additions 1,962 - 1,962
Disposals (2,297) - (2,297)
At 30 April 2024 1,962 815 2,777
Depreciation
At 1 May 2023 575 346 921
Charge for the year 490 - 490
On disposals (575) - (575)
At 30 April 2024 490 346 836
Net book value
At 30 April 2024 1,472 469 1,941
At 30 April 2023 1,722 469 2,191
4 Debtors 2024 2023
£ £
Other debtors 300 800
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 1,000 3,000
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,699 1,141
Other creditors 150 1,435
1,849 2,576
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,261 3,048
8 Related party transactions
During the year the director received dividend of £2,000 (2023: £2,000).
9 Other information
UKFS Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is:
33 Naseby Road
Ilford
Essex
IG5 0NN
UKFS Consulting Limited 06888597 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts April 2024 Mohammed Khalid No description of principal activity 06888597 2022-05-01 2023-04-30 06888597 core:WithinOneYear 2023-04-30 06888597 core:AfterOneYear 2023-04-30 06888597 core:ShareCapital 2023-04-30 06888597 core:RetainedEarningsAccumulatedLosses 2023-04-30 06888597 2023-05-01 2024-04-30 06888597 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06888597 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06888597 bus:Director40 2023-05-01 2024-04-30 06888597 1 2023-05-01 2024-04-30 06888597 2 2023-05-01 2024-04-30 06888597 core:PlantMachinery 2023-05-01 2024-04-30 06888597 core:Vehicles 2023-05-01 2024-04-30 06888597 countries:England 2023-05-01 2024-04-30 06888597 bus:FRS102 2023-05-01 2024-04-30 06888597 bus:FilletedAccounts 2023-05-01 2024-04-30 06888597 2024-04-30 06888597 core:WithinOneYear 2024-04-30 06888597 core:AfterOneYear 2024-04-30 06888597 core:ShareCapital 2024-04-30 06888597 core:RetainedEarningsAccumulatedLosses 2024-04-30 06888597 core:PlantMachinery 2024-04-30 06888597 core:Vehicles 2024-04-30 06888597 2023-04-30 06888597 core:PlantMachinery 2023-04-30 06888597 core:Vehicles 2023-04-30 iso4217:GBP xbrli:pure