ConsultSafe Ltd
Registered number: 11557470
Statement of Financial Position
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,962 1,485
Current assets
Debtors 4 7,978 7,607
Cash at bank and in hand 25,901 42,519
33,879 50,126
Creditors: amounts falling due within one year 5 (10,708) (15,865)
Net current assets 23,171 34,261
Total assets less current liabilities 25,133 35,746
Provisions for liabilities (373) -
Net assets 24,760 35,746
Capital and reserves
Called up share capital 100 100
Profit and loss account 24,660 35,646
Shareholder's funds 24,760 35,746
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 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.
G Parker
Director
Approved by the board on 29 January 2025
ConsultSafe Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
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 rendering of services. 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:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction 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. 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.
Provisions
Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Employees and directors 2024 2023
Number Number
Average number of directors and persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 2,975
Additions 999
Disposals (688)
At 30 September 2024 3,286
Depreciation
At 1 October 2023 1,490
Charge for the year 322
On disposals (488)
At 30 September 2024 1,324
Net book value
At 30 September 2024 1,962
At 30 September 2023 1,485
4 Debtors 2024 2023
£ £
Trade debtors 7,978 7,595
Other debtors - 12
7,978 7,607
5 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 1,175 1,120
Corporation tax 3,380 9,960
Other taxes and social security costs 3,611 3,665
Other creditors 2,542 1,120
10,708 15,865
6 Other information
ConsultSafe Ltd is a private company limited by shares and incorporated in England. Its registered office is:
269 Farnborough Road
Farnborough
Hampshire
GU14 7LY
ConsultSafe Ltd 11557470 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts July 2024 G Parker No description of principal activity 11557470 2022-10-01 2023-09-30 11557470 core:WithinOneYear 2023-09-30 11557470 core:ShareCapital 2023-09-30 11557470 core:RetainedEarningsAccumulatedLosses 2023-09-30 11557470 2023-10-01 2024-09-30 11557470 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11557470 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 11557470 bus:Director40 2023-10-01 2024-09-30 11557470 1 2023-10-01 2024-09-30 11557470 2 2023-10-01 2024-09-30 11557470 core:PlantMachinery 2023-10-01 2024-09-30 11557470 countries:England 2023-10-01 2024-09-30 11557470 bus:FRS102 2023-10-01 2024-09-30 11557470 bus:FilletedAccounts 2023-10-01 2024-09-30 11557470 2024-09-30 11557470 core:WithinOneYear 2024-09-30 11557470 core:ShareCapital 2024-09-30 11557470 core:RetainedEarningsAccumulatedLosses 2024-09-30 11557470 core:PlantMachinery 2024-09-30 11557470 2023-09-30 11557470 core:PlantMachinery 2023-09-30 iso4217:GBP xbrli:pure