Company registration number 12805445 (England and Wales)
ROB SIMMONS CONSULTANCY LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
ROB SIMMONS CONSULTANCY LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ROB SIMMONS CONSULTANCY LTD
BALANCE SHEET
AS AT 31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
949
2,027
Current assets
Debtors
4
6,092
1,052
Cash at bank and in hand
-
0
6,961
6,092
8,013
Creditors: amounts falling due within one year
5
(606)
(1,491)
Net current assets
5,486
6,522
Net assets
6,435
8,549
Capital and reserves
Called up share capital
6
10
10
Profit and loss reserves
6,425
8,539
Total equity
6,435
8,549

For the financial year ended 31 August 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 12 February 2025
Mr R A Simmons
Director
Company registration number 12805445 (England and Wales)
ROB SIMMONS CONSULTANCY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information

Rob Simmons Consultancy Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Bradbury House, Mission Court, Newport, Gwent, United Kingdom, NP20 2DW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for sports promotional and marketing services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Sports equipment
20% straight line
Computers
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

ROB SIMMONS CONSULTANCY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
ROB SIMMONS CONSULTANCY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
3
Tangible fixed assets
Sports equipment
Computers
Total
£
£
£
Cost
At 1 September 2023 and 31 August 2024
1,000
3,516
4,516
Depreciation and impairment
At 1 September 2023
600
1,889
2,489
Depreciation charged in the year
200
878
1,078
At 31 August 2024
800
2,767
3,567
Carrying amount
At 31 August 2024
200
749
949
At 31 August 2023
400
1,627
2,027
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Corporation tax recoverable
-
0
1,052
Other debtors
6,092
-
0
6,092
1,052
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
6
-
0
Other creditors
600
1,491
606
1,491
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
8
8
8
8
Ordinary A of £1 each
2
2
2
2
10
10
10
10
2024-08-312023-09-01falsefalsetrue12 February 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityMr R A SimmonsStatement that the company was entitled to exemption under section 480 of the Companies Act 2006 relating to dormant companies 128054452023-09-012024-08-31128054452024-08-31128054452023-08-3112805445core:PlantMachinery2024-08-3112805445core:ComputerEquipment2024-08-3112805445core:PlantMachinery2023-08-3112805445core:ComputerEquipment2023-08-3112805445core:CurrentFinancialInstrumentscore:WithinOneYear2024-08-3112805445core:CurrentFinancialInstrumentscore:WithinOneYear2023-08-3112805445core:CurrentFinancialInstruments2024-08-3112805445core:CurrentFinancialInstruments2023-08-3112805445core:ShareCapital2024-08-3112805445core:ShareCapital2023-08-3112805445core:RetainedEarningsAccumulatedLosses2024-08-3112805445core:RetainedEarningsAccumulatedLosses2023-08-3112805445core:ShareCapitalOrdinaryShares2024-08-3112805445core:ShareCapitalOrdinaryShares2023-08-3112805445bus:Director12023-09-012024-08-3112805445core:PlantMachinery2023-09-012024-08-3112805445core:ComputerEquipment2023-09-012024-08-31128054452022-09-012023-08-3112805445core:PlantMachinery2023-08-3112805445core:ComputerEquipment2023-08-31128054452023-08-3112805445core:WithinOneYear2024-08-3112805445core:WithinOneYear2023-08-3112805445bus:EntityNoLongerTradingButTradedInPast2023-09-012024-08-3112805445bus:PrivateLimitedCompanyLtd2023-09-012024-08-3112805445bus:SmallCompaniesRegimeForAccounts2023-09-012024-08-3112805445bus:FRS1022023-09-012024-08-3112805445bus:AuditExemptWithAccountantsReport2023-09-012024-08-3112805445bus:FullAccounts2023-09-012024-08-31xbrli:purexbrli:sharesiso4217:GBP