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REGISTERED NUMBER: 06776872 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

CONSULTING AM LTD

CONSULTING AM LTD (REGISTERED NUMBER: 06776872)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CONSULTING AM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr P J Ainsworth
Ms A Sevcova





REGISTERED OFFICE: Glanafon
Moylegrove
Cardigan
SA43 3BW





REGISTERED NUMBER: 06776872 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

CONSULTING AM LTD (REGISTERED NUMBER: 06776872)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 963 1,370

CURRENT ASSETS
Debtors 5 41,624 11,000
Cash at bank and in hand 15,173 33,648
56,797 44,648
CREDITORS
Amounts falling due within one year 6 76,250 46,545
NET CURRENT LIABILITIES (19,453 ) (1,897 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,490

)

(527

)

CAPITAL AND RESERVES
Called up share capital 54 54
Retained earnings (18,544 ) (581 )
SHAREHOLDERS' FUNDS (18,490 ) (527 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:





Mr P J Ainsworth - Director


CONSULTING AM LTD (REGISTERED NUMBER: 06776872)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Consulting AM 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.

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 etc - 25% on cost

Government grants
During the year, the company acquired a plot of land at a cost of £145,000, fully funded by a non-repayable grant. In accordance with accounting standards, the land is recognised as a non-current asset at its purchase cost and the grant is recorded as capital grant.

It is important to note that the grant imposes no repayment obligations on the company. While the capital grant offsets the value of the land in the accounts, this does not represent a reduction in the company's financial strength. In practice, the company owns an asset valued at £145,000 at the time of acquisition.

Should the company liquidate in the future, the land could be sold at its market value, with the proceeds available to the company. The directors emphasise, however, that the company has no current plans to liquidate and the land forms part of its long-term strategy.

The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.


CONSULTING AM LTD (REGISTERED NUMBER: 06776872)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 - 3,445 3,445
Additions 160,339 749 161,088
Grants (160,339 ) - (160,339 )
At 30 June 2024 - 4,194 4,194
DEPRECIATION
At 1 July 2023 - 2,075 2,075
Charge for year - 1,156 1,156
At 30 June 2024 - 3,231 3,231
NET BOOK VALUE
At 30 June 2024 - 963 963
At 30 June 2023 - 1,370 1,370

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors - 6,000
Other debtors 41,624 5,000
41,624 11,000

CONSULTING AM LTD (REGISTERED NUMBER: 06776872)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 260 2,635
Other creditors 75,990 43,910
76,250 46,545