Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-3122023-06-01falsetraining consultants2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06231978 2023-06-01 2024-05-31 06231978 2022-06-01 2023-05-31 06231978 2024-05-31 06231978 2023-05-31 06231978 c:Director2 2023-06-01 2024-05-31 06231978 d:MotorVehicles 2023-06-01 2024-05-31 06231978 d:MotorVehicles 2024-05-31 06231978 d:MotorVehicles 2023-05-31 06231978 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06231978 d:OfficeEquipment 2023-06-01 2024-05-31 06231978 d:OfficeEquipment 2024-05-31 06231978 d:OfficeEquipment 2023-05-31 06231978 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06231978 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06231978 d:CurrentFinancialInstruments 2024-05-31 06231978 d:CurrentFinancialInstruments 2023-05-31 06231978 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 06231978 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 06231978 d:ShareCapital 2024-05-31 06231978 d:ShareCapital 2023-05-31 06231978 d:RetainedEarningsAccumulatedLosses 2024-05-31 06231978 d:RetainedEarningsAccumulatedLosses 2023-05-31 06231978 c:FRS102 2023-06-01 2024-05-31 06231978 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06231978 c:FullAccounts 2023-06-01 2024-05-31 06231978 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06231978 2 2023-06-01 2024-05-31 06231978 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-05-31 06231978 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-05-31 06231978 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 06231978









SAMFORD CONSULTANTS LTD








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
SAMFORD CONSULTANTS LTD
REGISTERED NUMBER: 06231978

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
125
13,190

Current assets
  

Debtors: amounts falling due within one year
 5 
8,325
18,416

Cash at bank and in hand
 6 
7,226
850

  
15,551
19,266

Creditors: amounts falling due within one year
 8 
(15,029)
(31,954)

Net current assets/(liabilities)
  
 
 
522
 
 
(12,688)

  

Net assets
  
647
502


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
547
402

  
647
502


Page 1

 
SAMFORD CONSULTANTS LTD
REGISTERED NUMBER: 06231978
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 February 2025.






M Cannon
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SAMFORD CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Samford Consultants Ltd is a company limited by shares, incorporated in England, United Kingdom. The address of the registered office is Suite D, The Business Centre, Faringdon Avenue, Romford, Essex, RM3 8EN. The principal activity of the company continued to be that of training consultants.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
SAMFORD CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Reducing balance
Furniture, fittings and equipment
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
SAMFORD CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.11

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 -2).

Page 5

 
SAMFORD CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Motor vehicles
Furniture, fittings and equipment
Total

£
£
£



Cost or valuation


At 1 June 2023
41,084
5,867
46,951


Disposals
(41,084)
(1,781)
(42,865)



At 31 May 2024

-
4,086
4,086



Depreciation


At 1 June 2023
28,086
5,675
33,761


Charge for the year on owned assets
-
42
42


Disposals
(28,086)
(1,756)
(29,842)



At 31 May 2024

-
3,961
3,961



Net book value



At 31 May 2024
-
125
125



At 31 May 2023
12,998
192
13,190

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
-
5,694

Page 6

 
SAMFORD CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
-
3,575

Other debtors
6,695
13,730

Prepayments and accrued income
1,630
1,111

8,325
18,416



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
7,226
850



7.


Transactions with directors

Included within other debtors due within one year is a loan to Mr M and Mrs S Cannon, directors, amounting to £6,695 (2023 - £13,730).  


8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,731
2,731

Corporation tax
8,583
13,133

Other taxation and social security
1,094
3,009

Obligations under finance lease and hire purchase contracts
-
10,585

Accruals and deferred income
2,621
2,496

15,029
31,954


 
Page 7