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REGISTERED NUMBER: 07642983 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

MICHAEL ALBOROUGH CONSULTING LTD

MICHAEL ALBOROUGH CONSULTING LTD (REGISTERED NUMBER: 07642983)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MICHAEL ALBOROUGH CONSULTING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: M J Alborough
I Alborough





REGISTERED OFFICE: 23 Highacre
Dorking
Surrey
RH4 3BF





REGISTERED NUMBER: 07642983 (England and Wales)





ACCOUNTANTS: GBJ Financial Limited
Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW

MICHAEL ALBOROUGH CONSULTING LTD (REGISTERED NUMBER: 07642983)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,052 1,749

CURRENT ASSETS
Stocks 6,317 10,415
Debtors 5 39,583 18,648
Investments 6 103,537 92,768
Cash at bank 319,499 297,087
468,936 418,918
CREDITORS
Amounts falling due within one year 7 76,075 27,120
NET CURRENT ASSETS 392,861 391,798
TOTAL ASSETS LESS CURRENT
LIABILITIES

433,913

393,547

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 433,893 393,527
SHAREHOLDERS' FUNDS 433,913 393,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MICHAEL ALBOROUGH CONSULTING LTD (REGISTERED NUMBER: 07642983)

BALANCE SHEET - continued
31 MAY 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 February 2025 and were signed on its behalf by:





M J Alborough - Director


MICHAEL ALBOROUGH CONSULTING LTD (REGISTERED NUMBER: 07642983)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Michael Alborough Consulting Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

MICHAEL ALBOROUGH CONSULTING LTD (REGISTERED NUMBER: 07642983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 - 5,888 5,888
Additions 47,733 2,007 49,740
At 31 May 2024 47,733 7,895 55,628
DEPRECIATION
At 1 June 2023 - 4,139 4,139
Charge for year 8,950 1,487 10,437
At 31 May 2024 8,950 5,626 14,576
NET BOOK VALUE
At 31 May 2024 38,783 2,269 41,052
At 31 May 2023 - 1,749 1,749

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 39,583 17,201
Other debtors - 1,447
39,583 18,648

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 103,537 92,768

MICHAEL ALBOROUGH CONSULTING LTD (REGISTERED NUMBER: 07642983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 16,196 2,955
Taxation and social security 58,110 23,840
Other creditors 1,769 325
76,075 27,120

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the period end the company owed Mr Alborough, a director of the company, £86 (2023: £79).