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REGISTERED NUMBER: 07838632 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Farrant Consulting Ltd

Farrant Consulting Ltd (Registered number: 07838632)

Contents of the Financial Statements
for the Year Ended 30 November 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Farrant Consulting Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: A J M Farrant
Mrs Z H Farrant
P Moore



REGISTERED OFFICE: Second Floor, Unit 2
Ambrose House
Barnett Way
Gloucester
GL4 3GG



REGISTERED NUMBER: 07838632 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: HSBC Bank PLC
93 Fore Street
Saltash
Plympton
Cornwall
PL12 6AE

Farrant Consulting Ltd (Registered number: 07838632)

Statement of Financial Position
30 November 2024

30/11/24 30/11/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,600 2,893
Tangible assets 5 63,185 40,593
65,785 43,486

CURRENT ASSETS
Debtors 6 15,268 25,268
Cash at bank and in hand 199,750 116,996
215,018 142,264
CREDITORS
Amounts falling due within one year 7 44,884 13,302
NET CURRENT ASSETS 170,134 128,962
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,919

172,448

CAPITAL AND RESERVES
Called up share capital 1 1
Share premium 300,000 300,000
Retained earnings (64,082 ) (127,553 )
SHAREHOLDERS' FUNDS 235,919 172,448

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:



A J M Farrant - Director


Farrant Consulting Ltd (Registered number: 07838632)

Notes to the Financial Statements
for the Year Ended 30 November 2024


1. STATUTORY INFORMATION

Farrant Consulting Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation 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 statement of financial position date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 5 ) .

Farrant Consulting Ltd (Registered number: 07838632)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


4. INTANGIBLE FIXED ASSETS
Computer
software
£   
Cost
At 1 December 2023
and 30 November 2024 4,518
Amortisation
At 1 December 2023 1,625
Amortisation for year 293
At 30 November 2024 1,918
Net book value
At 30 November 2024 2,600
At 30 November 2023 2,893

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 December 2023 6,280 1,966 66,422 74,668
Additions 1,958 1,381 33,887 37,226
Disposals - - (1,610 ) (1,610 )
At 30 November 2024 8,238 3,347 98,699 110,284
Depreciation
At 1 December 2023 3,663 711 29,701 34,075
Charge for year 1,144 659 12,591 14,394
Eliminated on disposal - - (1,370 ) (1,370 )
At 30 November 2024 4,807 1,370 40,922 47,099
Net book value
At 30 November 2024 3,431 1,977 57,777 63,185
At 30 November 2023 2,617 1,255 36,721 40,593

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Trade debtors 1,044 4,460
Other debtors 14,224 20,808
15,268 25,268

Farrant Consulting Ltd (Registered number: 07838632)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Trade creditors 59 13
Taxation and social security 38,774 7,549
Other creditors 6,051 5,740
44,884 13,302

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30/11/24 30/11/23
£    £   
Within one year 15,200 -
Between one and five years 12,667 -
27,867 -