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Distributed Consulting Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Company Information 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—5
Page 1
Company Information
Director Mr A Bonanno
Company Number 13876627
Registered Office 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
Page 1
Page 2
Statement of Financial Position
Registered number: 13876627
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 51,823 13,287
51,823 13,287
CURRENT ASSETS
Debtors 4 2,502 1,697
Cash at bank and in hand 11,900 2,342
14,402 4,039
Creditors: Amounts Falling Due Within One Year 5 (76,516 ) (50,778 )
NET CURRENT ASSETS (LIABILITIES) (62,114 ) (46,739 )
TOTAL ASSETS LESS CURRENT LIABILITIES (10,291 ) (33,452 )
NET LIABILITIES (10,291 ) (33,452 )
CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Revaluation reserve 7 701 -
Income Statement (11,992 ) (34,452 )
SHAREHOLDERS' FUNDS (10,291) (33,452)
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Page 3
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr A Bonanno
Director
29/01/2025
The notes on pages 4 to 5 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Distributed Consulting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13876627 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets comprise primarily of cryptocurrency and other digital assets.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Presentation currency
The company's financial statements are presented in sterling.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,502 1,697
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Page 5
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 39,600 38,662
Other creditors 36,916 12,116
76,516 50,778
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
7. Reserves
Revaluation Reserve
£
Surplus on revaluation 701
As at 31 January 2024 701
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