Company registration number 08869533 (England and Wales)
RAY MULLETT CONSULTANTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
RAY MULLETT CONSULTANTS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
RAY MULLETT CONSULTANTS LTD (REGISTERED NUMBER: 08869533)
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
519
71
Current assets
Debtors
4
17,455
143,209
Cash at bank and in hand
3,757
11,096
21,212
154,305
Creditors: amounts falling due within one year
5
(21,754)
(7,008)
Net current (liabilities)/assets
(542)
147,297
Net (liabilities)/assets
(23)
147,368
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
(33)
147,358
Total equity
(23)
147,368
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 31 January 2025
R Mullett
Director
RAY MULLETT CONSULTANTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
Ray Mullett Consultants Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 10 Upper Grosvenor Road, Tunbridge Wells, England, TN1 2EP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT. Revenue is recognised at the stage completion of the job.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
20% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
RAY MULLETT CONSULTANTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 April 2023
26,281
Additions
498
At 31 March 2024
26,779
Depreciation and impairment
At 1 April 2023
26,210
Depreciation charged in the year
50
At 31 March 2024
26,260
Carrying amount
At 31 March 2024
519
At 31 March 2023
71
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
17,455
143,209
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,374
Taxation and social security
3,139
2,494
Other creditors
18,615
2,140
21,754
7,008
6
Related party transactions
Within other debtors is a balance of £NIL (2023: £130,637) owed from a connected company.
Within other creditors is a balance of £16,269 (2023: £NIL) owed to a connected company.