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Company registration number: 10050062
Flaxfield Consulting Limited
Unaudited filleted financial statements
30 June 2024
Flaxfield Consulting Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Flaxfield Consulting Limited
Directors and other information
Director A Mansuri
Company number 10050062
Registered office 1st Floor
64 Baker Street
London
W1U 7GB
Accountants Redford & Co Limited
Chartered Accountants
First Floor
64 Baker Street
London
W1U 7GB
Flaxfield Consulting Limited
Statement of financial position
30 June 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 5 800 -
Cash at bank and in hand 8,796 12,315
_______ _______
9,596 12,315
Creditors: amounts falling due
within one year 6 ( 31,479) ( 24,399)
_______ _______
Net current liabilities ( 21,883) ( 12,084)
_______ _______
Total assets less current liabilities ( 21,883) ( 12,084)
_______ _______
Net liabilities ( 21,883) ( 12,084)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account ( 21,983) ( 12,184)
_______ _______
Shareholder deficit ( 21,883) ( 12,084)
_______ _______
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 11 March 2025 , and are signed on behalf of the board by:
A Mansuri
Director
Company registration number: 10050062
Flaxfield Consulting Limited
Notes to the financial statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 1st Floor, 64 Baker Street, London, W1U 7GB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Debtors
2024 2023
£ £
Other debtors 800 -
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 4,826 4,363
Social security and other taxes - 810
Other creditors 26,653 19,226
_______ _______
31,479 24,399
_______ _______
7. Controlling party
The company is controlled by the director by virtue of his shareholding in the company.