Aldsworth Limited 14907344 false 2023-05-31 2024-05-31 2024-05-31 The principal activity of the company is that of the provision of management consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true true 14907344 2023-05-31 2024-05-31 14907344 2024-05-31 14907344 core:CurrentFinancialInstruments 2024-05-31 14907344 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 14907344 core:FurnitureFittingsToolsEquipment 2024-05-31 14907344 bus:SmallEntities 2023-05-31 2024-05-31 14907344 bus:AuditExemptWithAccountantsReport 2023-05-31 2024-05-31 14907344 bus:FilletedAccounts 2023-05-31 2024-05-31 14907344 bus:SmallCompaniesRegimeForAccounts 2023-05-31 2024-05-31 14907344 bus:RegisteredOffice 2023-05-31 2024-05-31 14907344 bus:Director1 2023-05-31 2024-05-31 14907344 bus:PrivateLimitedCompanyLtd 2023-05-31 2024-05-31 14907344 core:FurnitureFittingsToolsEquipment 2023-05-31 2024-05-31 14907344 countries:EnglandWales 2023-05-31 2024-05-31 iso4217:GBP xbrli:pure

Registration number: 14907344

Aldsworth Limited

Unaudited Financial Statements

for the Period from 31 May 2023 to 31 May 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Aldsworth Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 5

 

Aldsworth Limited

Company Information

Director

S A Lovegrove

Registered office

75 Ravenscourt Road
London
W6 0UJ

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Aldsworth Limited

Statement of Financial Position as at 31 May 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

1,146

Current assets

 

Debtors

5

39,920

Cash at bank and in hand

 

127,503

 

167,423

Creditors: Amounts falling due within one year

6

(51,594)

Net current assets

 

115,829

Net assets

 

116,975

Capital and reserves

 

Called up share capital

1,000

Retained earnings

115,975

Shareholders' funds

 

116,975

For the financial period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the director on 27 February 2025
 

.........................................

S A Lovegrove

Director

Company registration number: 14907344

 

Aldsworth Limited

Notes to the Unaudited Financial Statements for the Period from 31 May 2023 to 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
75 Ravenscourt Road
London
W6 0UJ

The principal activity of the company is that of the provision of management consultancy services.

2

Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit for the period ended 31 May 2024 and had net assets of £116,975 at that date, including cash at bank of £127,503.

The company earns its fees from the provision of management consultancy services, for which demand remains strong and for which the cost base remains minimal and the company therefore continues to trade profitably.

On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, rebates and discounts.

Turnover in respect of contracted services rendered is recognised based on the stage of completion.

 

Aldsworth Limited

Notes to the Unaudited Financial Statements for the Period from 31 May 2023 to 31 May 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the period, was 0.

 

Aldsworth Limited

Notes to the Unaudited Financial Statements for the Period from 31 May 2023 to 31 May 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

1,528

1,528

At 31 May 2024

1,528

1,528

Depreciation

Charge for the period

382

382

At 31 May 2024

382

382

Carrying amount

At 31 May 2024

1,146

1,146

5

Debtors

2024
£

Trade debtors

23,253

Other debtors

16,667

39,920

6

Creditors

Creditors: amounts falling due within one year

2024
£

Taxation and social security

46,807

Accruals and deferred income

4,000

Other creditors

787

51,594