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Company Registration No. 09000489 (England and Wales)
S&P Consultancy Ltd Unaudited accounts for the year ended 30 April 2024
S&P Consultancy Ltd Unaudited accounts Contents
Page
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S&P Consultancy Ltd Company Information for the year ended 30 April 2024
Directors
Mr Prakash Sutharshan Mr Sothisundaram Sooriyakumaran
Company Number
09000489 (England and Wales)
Registered Office
Morritt House 54-60 Station Approach South Ruislip Ruislip HA4 6SA
Accountants
Daniel Consultancy Morritt House 54-60 Station Approach South Ruislip Ruislip HA4 6SA
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S&P Consultancy Ltd Accountants' report
Accountants' report to the board of directors of S&P Consultancy Ltd on the preparation of the unaudited statutory accounts for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of S&P Consultancy Ltd for the year ended 30 April 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of S&P Consultancy Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of S&P Consultancy Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S&P Consultancy Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that S&P Consultancy Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of S&P Consultancy Ltd. You consider that S&P Consultancy Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of S&P Consultancy Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Daniel Consultancy Morritt House 54-60 Station Approach South Ruislip Ruislip HA4 6SA 31 January 2025
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S&P Consultancy Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
43,762 
756 
Current assets
Inventories
27,253 
- 
Debtors
18,142 
41,700 
Cash at bank and in hand
7,052 
1,401 
52,447 
43,101 
Creditors: amounts falling due within one year
(71,949)
(21,450)
Net current (liabilities)/assets
(19,502)
21,651 
Total assets less current liabilities
24,260 
22,407 
Creditors: amounts falling due after more than one year
(53,447)
(8,324)
Provisions for liabilities
Deferred tax
(520)
(143)
Net (liabilities)/assets
(29,707)
13,940 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(29,807)
13,840 
Shareholders' funds
(29,707)
13,940 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by
Mr Prakash Sutharshan Director Company Registration No. 09000489
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S&P Consultancy Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
S&P Consultancy Ltd is a private company, limited by shares, registered in England and Wales, registration number 09000489. The registered office is Morritt House, 54-60 Station Approach, South Ruislip, Ruislip, HA4 6SA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% RB
Fixtures & fittings
25% RB
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
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S&P Consultancy Ltd Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
- 
1,313 
1,313 
Additions
47,816 
1,775 
49,591 
At 30 April 2024
47,816 
3,088 
50,904 
Depreciation
At 1 May 2023
- 
557 
557 
Charge for the year
6,375 
210 
6,585 
At 30 April 2024
6,375 
767 
7,142 
Net book value
At 30 April 2024
41,441 
2,321 
43,762 
At 30 April 2023
- 
756 
756 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
627 
- 
Other debtors
17,515 
41,700 
18,142 
41,700 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,019 
- 
VAT
11,506 
- 
Trade creditors
531 
- 
Taxes and social security
13,228 
13,369 
Other creditors
42,006 
4,259 
Loans from directors
3,430 
3,822 
Accruals
229 
- 
71,949 
21,450 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,624 
8,324 
Obligations under finance leases and hire purchase contracts
47,823 
- 
53,447 
8,324 
8
Average number of employees
During the year the average number of employees was 7 (2023: 4).
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