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REGISTERED NUMBER: 11198121 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

M J COTTER CONSULTING LIMITED

M J COTTER CONSULTING LIMITED (REGISTERED NUMBER: 11198121)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


M J COTTER CONSULTING LIMITED (REGISTERED NUMBER: 11198121)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,712 3,700

CURRENT ASSETS
Debtors 5 963,666 842,882
Cash at bank 21,302 76,741
984,968 919,623
CREDITORS
Amounts falling due within one year 6 (854,702 ) (679,802 )
NET CURRENT ASSETS 130,266 239,821
TOTAL ASSETS LESS CURRENT LIABILITIES 132,978 243,521

CREDITORS
Amounts falling due after more than one year 7 (13,954 ) (24,116 )
NET ASSETS 119,024 219,405

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 119,014 219,395
119,024 219,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 20 February 2025 and were signed by:





M J Cotter - Director


M J COTTER CONSULTING LIMITED (REGISTERED NUMBER: 11198121)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

M J Cotter Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11198121

Registered office: 15 West Street
Brighton
East Sussex
BN1 2RL

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover represents invoiced sales of consultancy services, recognised upon performance of the service and exclusive of VAT.

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 - 20% on cost
Computer equipment - 20% on cost

Financial instruments
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.

Taxation
Taxation for the year comprises current 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 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.

3. EMPLOYEES

The average number of employees during the year was 1 (2023 - 1 ) .

M J COTTER CONSULTING LIMITED (REGISTERED NUMBER: 11198121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 2,537 2,404 4,941
DEPRECIATION
At 1 March 2023 342 899 1,241
Charge for year 507 481 988
At 29 February 2024 849 1,380 2,229
NET BOOK VALUE
At 29 February 2024 1,688 1,024 2,712
At 28 February 2023 2,195 1,505 3,700

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 83,151 108,784
Directors' current accounts 365,664 347,262
Tax 121,448 115,237
Prepayments and accrued income 393,403 271,599
963,666 842,882

Included within debtors is £365,664 (2023: £347,262) due from the director. This amount is being charged interest at the official rate of 2.25%.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,161 9,911
Trade creditors 478,717 380,227
Tax 278,138 266,204
VAT 87,686 8,460
Accruals and deferred income - 15,000
854,702 679,802

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,424 10,161
Bank loans - 2-5 years 3,530 13,955
13,954 24,116