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Registration number: 06218860

Firth Consulting Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Firth Consulting Limited

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 7

 

Firth Consulting Limited

Company Information

Director

Mr S Firth

Company secretary

Mrs S A Firth

Registered office

First Floor
Bellamy House
Winton Road
Petersfield
Hampshire
GU32 3HA

Accountants

A J Wheeler Ltd - Trading as Howard Smith & Co
Chartered Certified Accountants
338 London Road
Portsmouth
Hampshire
PO2 9JY

 

Firth Consulting Limited

(Registration number: 06218860)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

6,093

3,046

Current assets

 

Stocks

5

17,396

-

Debtors

6

422,368

329,094

Cash at bank and in hand

 

218,004

156,101

 

657,768

485,195

Creditors: Amounts falling due within one year

7

(66,511)

(54,389)

Net current assets

 

591,257

430,806

Total assets less current liabilities

 

597,350

433,852

Provisions for liabilities

(564)

(762)

Net assets

 

596,786

433,090

Capital and reserves

 

Called up share capital

1,000

1

Retained earnings

595,786

433,089

Shareholders' funds

 

596,786

433,090

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 January 2025
 

.........................................
Mr S Firth
Director

 

Firth Consulting Limited

Statement of Changes in Equity for the Year Ended 30 April 2024

Share capital
£

Retained earnings
£

Total
£

At 1 May 2023

1

433,089

433,090

Profit for the year

-

162,697

162,697

New share capital subscribed

999

-

999

At 30 April 2024

1,000

595,786

596,786

Share capital
£

Retained earnings
£

Total
£

At 1 May 2022

1

355,274

355,275

Profit for the year

-

157,815

157,815

Dividends

-

(80,000)

(80,000)

At 30 April 2023

1

433,089

433,090

 

Firth Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
First Floor
Bellamy House
Winton Road
Petersfield
Hampshire
GU32 3HA

These financial statements were authorised for issue by the director on 26 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Firth Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

25% on a reducing balance

Plant and machinery

25% on a reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Firth Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 May 2023

9,500

2,658

12,158

Additions

-

5,078

5,078

At 30 April 2024

9,500

7,736

17,236

Depreciation

At 1 May 2023

7,246

1,866

9,112

Charge for the year

564

1,467

2,031

At 30 April 2024

7,810

3,333

11,143

Carrying amount

At 30 April 2024

1,690

4,403

6,093

At 30 April 2023

2,254

792

3,046

5

Stocks

2024
£

2023
£

Work in progress

17,396

-

6

Debtors

Current

2024
£

2023
£

Other debtors

422,368

329,094

 

422,368

329,094

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

65,111

52,989

Accruals and deferred income

1,400

1,400

66,511

54,389

 

Firth Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

8

Dividends

   

2024

 

2023

   

£

 

£

Final dividend of £Nil (2023 - £80,000) per ordinary share

 

-

 

80,000

Interim dividend of £Nil (2023 - £Nil) per ordinary share

 

-

 

-

   

-

 

80,000