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Registration number: 07693956

C T Hughes Consultancy Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024

 

C T Hughes Consultancy Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

C T Hughes Consultancy Limited

(Registration number: 07693956)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

933

732

Current assets

 

Debtors

5

8,046

10,998

Cash at bank and in hand

 

17,566

20,377

 

25,612

31,375

Creditors: Amounts falling due within one year

6

(11,484)

(19,614)

Net current assets

 

14,128

11,761

Total assets less current liabilities

 

15,061

12,493

Creditors: Amounts falling due after more than one year

6

(14,704)

(17,592)

Net assets/(liabilities)

 

357

(5,099)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

257

(5,199)

Shareholders' funds/(deficit)

 

357

(5,099)

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

 

C T Hughes Consultancy Limited

(Registration number: 07693956)
Balance Sheet as at 31 July 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the Board on 30 January 2025 and signed on its behalf by:
 

.........................................
Mr C T Hughes
Director

 

C T Hughes Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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. The directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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.

 

C T Hughes Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Tax

The tax expense for the period comprises current tax.

The current 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.

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

Fixtures, fittings and computer equipment

straight line over 3 years

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Fixtures, fittings and computer equipment
 £

Total
£

Cost or valuation

At 1 August 2023

3,928

3,928

Additions

884

884

At 31 July 2024

4,812

4,812

Depreciation

At 1 August 2023

3,196

3,196

Charge for the year

683

683

At 31 July 2024

3,879

3,879

Carrying amount

At 31 July 2024

933

933

At 31 July 2023

732

732

 

C T Hughes Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

5

Debtors

2024
£

2023
£

Trade debtors

6,325

10,885

Other debtors

1,721

113

8,046

10,998

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loan

2,891

1,691

Taxation and social security

 

2,524

6,403

Other creditors

 

6,069

11,520

 

11,484

19,614

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Bank loan

14,704

17,592

7

Related party transactions

Other transactions with directors

During the year, advances were made to the directors in the sum of £8,293 and repayments were made in the sum of £5,937. At the year end, the directors owed the company the amount of £1,721 (2023: £635 - owed to the directors) and this amount is included other debtors. The loan was interest free and repayable on demand.