5 FEBRUARY 2025 | |||||||||||
FABER CONSULTANTS LIMITED | |||||||||||
Registered in England & Wales No. 4216773 | |||||||||||
FILLETED FINANCIAL ACCOUNTS | |||||||||||
FOR THE PERIOD | |||||||||||
1 JANUARY 2024 TO 31 DECEMBER 2024 | |||||||||||
ACCOUNTING POLICIES | |||||||||||
Accounting convention | |||||||||||
Pensions and other post retirement benefits | |||||||||||
There is a defined contribution scheme to employees personal pension plans. The charge represents contributions related to remuneration during the period. | |||||||||||
Deferred taxation | |||||||||||
Provision is made for at the appropriate or current tax rate in respect of any possible liability due to timing differences between recognition of events for taxation and accounting purposes. Recognition of any possible asset due to timing differences as above is only recognised to the extent that recovery is reasonably certain. | |||||||||||
Revenue | |||||||||||
Revenue represents income in respect of goods or services possession of which has passed to customers in the normal course of activity, and for which those customers have become liable during the period. It is stated net of any tax that is passed on to, or offset against amounts due from, taxing authorities. | |||||||||||
Repairs and renewals | |||||||||||
Expenditure of up to £1000 on an item, excluding items treated as part of a project over £1000, is written off in the period it is incurred even if it represented an addition or improvement. | |||||||||||
FINANCIAL POSITION | |||||||||||
As at 31 December | 2024 | 2023 | |||||||||
Notes | £ | £ | |||||||||
Non-current assets | |||||||||||
Transport equipment | 0 | ||||||||||
Administrative equipment | 2 | 594 | 891 | ||||||||
594 | 891 | ||||||||||
Current assets | |||||||||||
Trade and other receivables | 3 | 624 | 600 | ||||||||
Cash and cash equivalents | 4 | ||||||||||
97,518 | 103,778 | ||||||||||
Current liabilities | |||||||||||
Due not later than one year | |||||||||||
Trade and other payables | 5 | ( |
( |
||||||||
Taxation | 6 | ( |
( |
||||||||
Net current assets | 88,838 | 95,955 | |||||||||
Non-current liabilities | |||||||||||
Due later than one and not later than five years | 7 | (113) | (169) | ||||||||
89,319 | 96,677 | ||||||||||
Equity | |||||||||||
Share capital | 8 | 1 | 1 | ||||||||
Distributable reserves | 89,318 | 96,676 | |||||||||
89,319 | 96,677 | ||||||||||
The company is registered in England & Wales under no. 4216773 and is subject to the Companies Act 2006 in its various sections. | |||||||||||
Approved and authorised for issue by the board on |
|||||||||||
S R Smith | |||||||||||
Director | |||||||||||
NOTES TO THE FILLETED ACCOUNTS | |||||||||||
2024 | 2023 | ||||||||||
£ | £ | ||||||||||
1 | Accounting Policies | ||||||||||
The accounting policies are set out in full in a preceding statement. | |||||||||||
2 | Administrative equipment | ||||||||||
Life in years is 4 | |||||||||||
Cost or valuation | |||||||||||
Opening amount | 1,186 | 0 | |||||||||
Additions | 0 | 1,186 | |||||||||
Closing amount | 1,186 | 1,186 | |||||||||
Amortisation | |||||||||||
Opening amount | 295 | 0 | |||||||||
Charge for the period | 297 | 295 | |||||||||
Closing amount | 592 | 295 | |||||||||
Net amount | |||||||||||
Opening amount | 891 | 0 | |||||||||
Closing amount | 594 | 891 | |||||||||
3 | Trade and other receivables | ||||||||||
Prepayments | 624 | 600 | |||||||||
4 | Cash and cash equivalents | ||||||||||
Bank deposits at three months or less | 67,080 | 76,140 | |||||||||
Bank current account | 29,814 | 27,038 | |||||||||
96,894 | 103,178 | ||||||||||
5 | Current trade and other payables | ||||||||||
Trade payables | (5) | 0 | |||||||||
Accruals | (1,945) | (1,498) | |||||||||
(1,950) | (1,498) | ||||||||||
6 | Current taxation | ||||||||||
Taxation collected | (3,708) | (3,349) | |||||||||
Corporation tax | (3,022) | (2,976) | |||||||||
(6,730) | (6,325) | ||||||||||
7 | Liabilities due later than one but not later than five years | ||||||||||
Deferred tax | (113) | (169) | |||||||||
8 | Share capital | ||||||||||
The company is a private company limited by share capital | |||||||||||
2024 | 2023 | ||||||||||
Number | Number | ||||||||||
Equity ordinary shares of £1 each | 100,000 | 100,000 | |||||||||
Ordinary | |||||||||||
Allotted, called up and fully paid | 1 | 1 | 1 | 1 | |||||||
9 | Ultimate control | ||||||||||
The company is controlled by the director. | |||||||||||
10 | Commitments | ||||||||||
Capital expenditure | |||||||||||
There are no capital commitments. | |||||||||||
11 | Related party transactions | ||||||||||
Key management personnel | |||||||||||
Directors and their relationships | |||||||||||
Transactions during the period | |||||||||||
Remuneration | |||||||||||
Pension contributions | |||||||||||
Dividends | |||||||||||
Directors | 20,000 | 20,000 | |||||||||
Remuneration of family members | 5,004 | 5,004 | |||||||||
12 | Activity | ||||||||||
The principal activity continues to be that of management consultants. | |||||||||||
13 | Employees (including directors) | ||||||||||
2024 | 2023 | ||||||||||
Average during the period | Number | Number | |||||||||
ADMINISTRATION AND ADVISERS | |||||||||||
Bankers | The Royal Bank of Scotland PLC | ||||||||||
Accountants and registrar | Cramptons 25A St Matthews Road Torquay TQ2 6JA |
||||||||||
Office | 10 Hayler Gardens Southwater Horsham RH13 9FZ |