IRIS Accounts Production v24.3.2.46 11635375 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh116353752023-03-31116353752024-03-31116353752023-04-012024-03-31116353752022-03-31116353752022-04-012023-03-31116353752023-03-3111635375ns15:EnglandWales2023-04-012024-03-3111635375ns14:PoundSterling2023-04-012024-03-3111635375ns10:Director12023-04-012024-03-3111635375ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111635375ns10:SmallEntities2023-04-012024-03-3111635375ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3111635375ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111635375ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111635375ns10:FullAccounts2023-04-012024-03-3111635375ns10:OrdinaryShareClass12023-04-012024-03-3111635375ns10:RegisteredOffice2023-04-012024-03-3111635375ns5:CurrentFinancialInstruments2024-03-3111635375ns5:CurrentFinancialInstruments2023-03-3111635375ns5:Non-currentFinancialInstruments2024-03-3111635375ns5:Non-currentFinancialInstruments2023-03-3111635375ns5:ShareCapital2024-03-3111635375ns5:ShareCapital2023-03-3111635375ns5:RetainedEarningsAccumulatedLosses2024-03-3111635375ns5:RetainedEarningsAccumulatedLosses2023-03-3111635375ns5:FurnitureFittings2023-04-012024-03-3111635375ns5:ComputerEquipment2023-04-012024-03-3111635375ns5:FurnitureFittings2023-03-3111635375ns5:ComputerEquipment2023-03-3111635375ns5:FurnitureFittings2024-03-3111635375ns5:ComputerEquipment2024-03-3111635375ns5:FurnitureFittings2023-03-3111635375ns5:ComputerEquipment2023-03-3111635375ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3111635375ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3111635375ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-03-3111635375ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-03-3111635375ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3111635375ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3111635375ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-3111635375ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3111635375ns10:OrdinaryShareClass12024-03-31116353751ns10:Director12023-03-31116353751ns10:Director12022-03-31116353751ns10:Director12023-04-012024-03-31116353751ns10:Director12022-04-012023-03-31116353751ns10:Director12024-03-31116353751ns10:Director12023-03-31
REGISTERED NUMBER: 11635375 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

FIRM WATERS CONSULTING LTD

FIRM WATERS CONSULTING LTD (REGISTERED NUMBER: 11635375)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FIRM WATERS CONSULTING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr R R Pal





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 11635375 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

FIRM WATERS CONSULTING LTD (REGISTERED NUMBER: 11635375)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,150 9,388

CURRENT ASSETS
Debtors 5 62,095 49,079
Prepayments and accrued income (57 ) -
Cash at bank and in hand 9,335 15,653
71,373 64,732
CREDITORS
Amounts falling due within one year 6 60,717 50,337
NET CURRENT ASSETS 10,656 14,395
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,806

23,783

CREDITORS
Amounts falling due after more than one
year

7

19,610

23,460
NET ASSETS 196 323

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 96 223
SHAREHOLDERS' FUNDS 196 323

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FIRM WATERS CONSULTING LTD (REGISTERED NUMBER: 11635375)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 March 2025 and were signed by:





Mr R R Pal - Director


FIRM WATERS CONSULTING LTD (REGISTERED NUMBER: 11635375)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Firm Waters Consulting 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 represents amounts derived from the provision of services to customers during the period, and is recognised at the date the service was provided. This is stated after trade discounts 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.
Fixtures and fittings - 20% on reducing balance
Computer & Office equipmt - 20% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

FIRM WATERS CONSULTING LTD (REGISTERED NUMBER: 11635375)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Fixtures Computer
and & Office
fittings equipmt Totals
£    £    £   
COST
At 1 April 2023 5,842 10,608 16,450
Additions 227 1,731 1,958
At 31 March 2024 6,069 12,339 18,408
DEPRECIATION
At 1 April 2023 2,719 4,343 7,062
Charge for year 636 1,560 2,196
At 31 March 2024 3,355 5,903 9,258
NET BOOK VALUE
At 31 March 2024 2,714 6,436 9,150
At 31 March 2023 3,123 6,265 9,388

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Directors' current accounts 32,509 15,530
Tax 15,062 9,331
Prepayments and accrued income 14,524 24,218
62,095 49,079

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 3,849 3,672
Trade creditors 4,572 3,460
Tax 34,845 34,045
Social security and other taxes 6 612
Pensions 68 -
Amounts due to related parties 7,428 7,348
Net Wages 1,057 -
Other creditors 7,292 -
Accrued expenses 1,600 1,200
60,717 50,337

FIRM WATERS CONSULTING LTD (REGISTERED NUMBER: 11635375)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 4,046 3,855
Bank loans - 2-5 years 12,039 12,818
Bank loans more 5 yr by instal 3,525 6,787
19,610 23,460

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,525 6,787

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary shares 1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr R R Pal
Balance outstanding at start of year 15,530 28,712
Amounts advanced 16,979 -
Amounts repaid - (13,182 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,509 15,530

The director was charged £513 interest (2023: £304) on his overdrawn loan account, calculated at HM Revenue & Customs rates.