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MALCOLM READING CONSULTANTS LIMITED

Registered Number
04409944
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

MALCOLM READING CONSULTANTS LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

READING, Catherine
READING, Ian Malcolm

Registered Address

Hamilton House
1 Temple Avenue
London
EC4Y 0HA

Registered Number

04409944 (England and Wales)
MALCOLM READING CONSULTANTS LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets315,27617,669
15,27617,669
Current assets
Debtors970,6001,978,759
Cash at bank and on hand1,330,0661,744,308
2,300,6663,723,067
Creditors amounts falling due within one year4(123,971)(1,634,000)
Net current assets (liabilities)2,176,6952,089,067
Total assets less current liabilities2,191,9712,106,736
Provisions for liabilities5(3,357)(3,357)
Net assets2,188,6142,103,379
Capital and reserves
Profit and loss account2,188,6142,103,379
Shareholders' funds2,188,6142,103,379
The financial statements were approved and authorised for issue by the Board of Directors on 5 March 2025, and are signed on its behalf by:
READING, Ian Malcolm
Director
Registered Company No. 04409944
MALCOLM READING CONSULTANTS LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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 policy
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 the rendering of services. For services, revenue is recognised based on the stage of completion of work performed at the balance sheet date, where it is probable that economic benefits will flow to the company. Income for work performed but not yet invoiced is recognised as accrued income within trade and other receivables.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Fixtures and fittings25-
Office Equipment-3
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company.
2.Average number of employees

20242023
Average number of employees during the year1110
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 July 235,41923,73229,151
Additions-4,2174,217
At 30 June 245,41927,94933,368
Depreciation and impairment
At 01 July 231,6949,78811,482
Charge for year9325,6786,610
At 30 June 242,62615,46618,092
Net book value
At 30 June 242,79312,48315,276
At 30 June 233,72513,94417,669
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables123,4051,519,205
Taxation and social security(11,825)93,195
Other creditors12,39121,600
Total123,9711,634,000
5.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)3,3573,357
Total3,3573,357