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REGISTERED NUMBER: SC480809















FAULKNER CONSULTING LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024






FAULKNER CONSULTING LTD (REGISTERED NUMBER: SC480809)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


FAULKNER CONSULTING LTD (REGISTERED NUMBER: SC480809)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 73,246 60,340
Cash at bank 1,788 2,261
75,034 62,601
CREDITORS
Amounts falling due within one year 5 (63,905 ) (49,965 )
NET CURRENT ASSETS 11,129 12,636
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,129

12,636

CREDITORS
Amounts falling due after more than one year 6 (6,545 ) (11,759 )
NET ASSETS 4,584 877

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,484 777
SHAREHOLDERS' FUNDS 4,584 877

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.

FAULKNER CONSULTING LTD (REGISTERED NUMBER: SC480809)

BALANCE SHEET - continued
30 June 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:





S Faulkner - Director


FAULKNER CONSULTING LTD (REGISTERED NUMBER: SC480809)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Faulkner Consulting Ltd is a private company, limited by shares, registered in Scotland. The company's registered office is 11 Knoweholm, Doonfoot, Ayr KA7 4HB.

The presentation currency of the financial statements is Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from this standard. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the net invoiced sales of services, excluding Value Added Tax. The company's policy is to recognise a sale when substantially all the risks and rewards in connection with the services have been passed to the customer.

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recorded at transaction value and subsequently measured at their settlement value.

Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

With the exception of changes arising on the initial recognition of a business combination, the tax expense is presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the transaction that resulted in the tax expense.

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 73,246 60,340

FAULKNER CONSULTING LTD (REGISTERED NUMBER: SC480809)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,092 4,843
Taxation and social security 11,698 12,021
Other creditors 47,115 33,101
63,905 49,965

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,545 11,759

7. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £47,115 (2023 - £ 33,101) due to the directors. The loan is interest free and repayable on