Registered number
14510350
Handforth Consulting Limited
Report and Unaudited Accounts
30 November 2024
Handforth Consulting Limited
Report and accounts
Contents
Page
Company information 1
Director's report 2
Chartered Accountants' report 3
Profit and loss account 4
Balance sheet 5
Statement of changes in equity 6
Notes to the accounts 7
Handforth Consulting Limited
Company Information
Director
Mr Paul Handforth
Accountants
Godfrey Holland
Suite 4BC, Landmark House
Station Road
Cheadle Hulme
Cheshire
SK8 7BS
Bankers
Lloyds Bank
PO Box 1000
Andover
Hampshire
BX1 1LT
Registered office
Suite 4BC Landmark House
Station Road
Cheadle Hulme
Cheshire
SK8 7BS
Registered number
14510350
Handforth Consulting Limited
Registered number: 14510350
Director's Report
The director presents his report and accounts for the year ended 30 November 2024.
Principal activities
The principal activity continued to be the provision of electrical systems solutions consultancy.
Directors
The following persons served as directors during the year:
Mr Paul Handforth
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 26 March 2025 and signed on its behalf.
Mr Paul Handforth
Director
Handforth Consulting Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Handforth Consulting Limited for the year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Handforth Consulting Limited for the year ended 30 November 2024 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Godfrey Holland
Chartered Accountants
Suite 4BC, Landmark House
Station Road
Cheadle Hulme
Cheshire
SK8 7BS
26 March 2025
Handforth Consulting Limited
Profit and Loss Account
for the year ended 30 November 2024
2024 2023
£ £
Turnover 119,715 127,766
Administrative expenses (70,018) (44,457)
Other operating income 35 -
Operating profit 49,732 83,309
Interest receivable 284 32
Interest payable (1) -
Profit before taxation 50,015 83,341
Tax on profit (9,661) (18,152)
Profit for the financial year 40,354 65,189
Handforth Consulting Limited
Registered number: 14510350
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 13,454 19,009
Cash at bank and in hand 33,458 37,912
46,912 56,921
Creditors: amounts falling due within one year 4 (19,975) (26,731)
Net current assets 26,937 30,190
Net assets 26,937 30,190
Capital and reserves
Called up share capital 1 1
Profit and loss account 26,936 30,189
Shareholder's funds 26,937 30,190
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Paul Handforth
Director
Approved by the board on 26 March 2025
Handforth Consulting Limited
Statement of Changes in Equity
for the year ended 30 November 2024
Share Profit Total
capital and loss
account
£ £ £
At 28 November 2022 - - -
Profit for the period 65,189 65,189
Dividends (35,000) (35,000)
Shares issued 1 1
At 30 November 2023 1 30,189 30,190
At 1 December 2023 1 30,189 30,190
Profit for the financial year 40,354 40,354
Dividends (43,607) (43,607)
At 30 November 2024 1 26,936 26,937
Handforth Consulting Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2024 2023
£ £
Trade debtors 11,113 18,607
Amounts owed by group undertakings and undertakings in which the company has a participating interest 2,105 -
Other debtors - prepayments 236 402
13,454 19,009
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,960 2,182
Taxation and social security costs 18,015 24,145
Other creditors - 404
19,975 26,731
5 Controlling party
The company is wholly owned and controlled by Mr P Handforth.
6 Other information
Handforth Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 4BC Landmark House
Station Road
Cheadle Hulme
Cheshire
SK8 7BS
Handforth Consulting Limited
Detailed profit and loss account
for the year ended 30 November 2024
This schedule does not form part of the statutory accounts
2024 2023
£ £
Sales 119,715 127,766
Administrative expenses (70,018) (44,457)
Other operating income 35 -
Operating profit 49,732 83,309
Interest receivable 284 32
Interest payable (1) -
Profit before tax 50,015 83,341
Handforth Consulting Limited
Detailed profit and loss account
for the year ended 30 November 2024
This schedule does not form part of the statutory accounts
2024 2023
£ £
Sales
Sales 119,715 127,766
Administrative expenses
Employee costs:
Wages and salaries 7,500 5,000
Directors' salaries 12,600 8,400
Pensions 19,000 6,000
Staff training and welfare 2,913 431
Travel and subsistence 18,715 15,962
Motor expenses 723 1,264
Entertaining 593 207
62,044 37,264
Premises costs:
Use of home 312 312
312 312
General administrative expenses:
Telephone and internet 1,026 238
Postage 85 31
Stationery and printing 81 138
Courier services - 10
Information and publications 632 -
Subscriptions 905 528
Bank charges 301 191
Insurance 108 81
Equipment expensed 161 735
Software 338 197
Repairs and maintenance 54 120
Sundry expenses 204 180
3,895 2,449
Legal and professional costs:
Accountancy fees 3,270 1,974
Other legal and professional 497 2,458
3,767 4,432
70,018 44,457
Other operating income
Other operating income 35 -
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