Registered number
08052158
4 Model Consultants Limited
Filleted Accounts
31 May 2024
4 Model Consultants Limited
Registered number: 08052158
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 496,292 481,354
Cash at bank and in hand 79,622 117,360
575,914 598,714
Creditors: amounts falling due within one year 4 (564,130) (576,037)
Net current assets 11,784 22,677
Total assets less current liabilities 11,784 22,677
Creditors: amounts falling due after more than one year 5 (11,774) (22,667)
Net assets 10 10
Capital and reserves
Called up share capital 10 10
Shareholder's funds 10 10
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Venezia
Director
Approved by the board on 10 February 2025
4 Model Consultants Limited
Notes to the Accounts
for the period from 28 May 2023 to 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Debtors 2024 2023
£ £
Trade debtors 215,552 290,094
Other debtors and prepayments 280,740 191,260
496,292 481,354
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 9,083
Trade creditors 37,360 66,025
Taxation and social security costs 178,867 167,056
Other creditors 323,363 318,488
Accruals 14,540 15,385
564,130 576,037
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,774 22,667
6 Other information
4 Model Consultants Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Bonhill Street
London
EC2A 4DJ
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