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REGISTERED NUMBER: 11974321 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

OLD SCHOOL CONSULTANTS LIMITED

OLD SCHOOL CONSULTANTS LIMITED (REGISTERED NUMBER: 11974321)

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


OLD SCHOOL CONSULTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: R A Gibber
E J Gibber





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 11974321 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

OLD SCHOOL CONSULTANTS LIMITED (REGISTERED NUMBER: 11974321)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,813 1,502

CURRENT ASSETS
Debtors 5 21,044 538
Cash at bank 578 28,959
21,622 29,497
CREDITORS
Amounts falling due within one year 6 (13,888 ) (12,900 )
NET CURRENT ASSETS 7,734 16,597
TOTAL ASSETS LESS CURRENT LIABILITIES 11,547 18,099

PROVISIONS FOR LIABILITIES 7 (724 ) -
NET ASSETS 10,823 18,099

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 10,723 17,999
SHAREHOLDERS' FUNDS 10,823 18,099

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.

OLD SCHOOL CONSULTANTS LIMITED (REGISTERED NUMBER: 11974321)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by:




R A Gibber - Director



E J Gibber - Director


OLD SCHOOL CONSULTANTS LIMITED (REGISTERED NUMBER: 11974321)

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


1. STATUTORY INFORMATION

Old School Consultants Limited 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

OLD SCHOOL CONSULTANTS LIMITED (REGISTERED NUMBER: 11974321)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 293 1,588 1,881
Additions 308 2,287 2,595
At 31 May 2024 601 3,875 4,476
DEPRECIATION
At 1 June 2023 144 235 379
Charge for year 127 157 284
At 31 May 2024 271 392 663
NET BOOK VALUE
At 31 May 2024 330 3,483 3,813
At 31 May 2023 149 1,353 1,502

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 492 21
Other debtors 20,552 517
21,044 538

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 378 952
Taxation and social security 11,310 -
Other creditors 2,200 11,948
13,888 12,900

7. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 724 -

OLD SCHOOL CONSULTANTS LIMITED (REGISTERED NUMBER: 11974321)

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


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Charge to Income Statement during year 724
Balance at 31 May 2024 724

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
E J Gibber
Balance outstanding at start of year (4,974 ) (257 )
Amounts advanced 41,409 4,148
Amounts repaid (26,481 ) (8,865 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,954 (4,974 )

R A Gibber
Balance outstanding at start of year (4,974 ) (257 )
Amounts advanced 41,409 4,148
Amounts repaid (26,481 ) (8,865 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,954 (4,974 )

The directors have agreed to pay back the overdrawn directors current account balance by 28th February 2025.