REGISTERED NUMBER: 05563265 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FAR CONSULTING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G Lacey

Mr SR Paley

SECRETARY:

Pannone Corporate LLP

REGISTERED OFFICE:

The Chapel

Deansgate

Castelfield

Manchester

M3 4LY

REGISTERED NUMBER:

05563265 (England and Wales)

ACCOUNTANTS:

Michael Donnan & Co Limited

Oaktree Court Business Ctr

Mill Lane

Ness

Cheshire

CH64 8TP

FIXED ASSETS

Tangible assets

4

573

776

CURRENT ASSETS

Debtors

5

136,005

136,847

Cash at bank

87,625

108,341

223,630

245,188

CREDITORS

Amounts falling due within one year

6

62,916

86,992

NET CURRENT ASSETS

160,714

158,196

TOTAL ASSETS LESS CURRENT LIABILITIES

161,287

158,972

CAPITAL AND RESERVES

Called up share capital

8

91,933

91,933

Capital redemption reserve

9

34,500

34,500

Retained earnings

9

34,854

32,539

SHAREHOLDERS' FUNDS

161,287

158,972

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:

Mr G Lacey - Director

1.	STATUTORY INFORMATION

FAR Consulting Limited 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.

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

Transactions are rounded to the nearest £.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

192

98

4,622

4,912

Additions

-

416

-

416

At 31 December 2024

192

514

4,622

5,328

DEPRECIATION

At 1 January 2024

84

98

3,954

4,136

Charge for year

27

22

570

619

At 31 December 2024

111

120

4,524

4,755

NET BOOK VALUE

At 31 December 2024

81

394

98

573

At 31 December 2023

108

-

668

776

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

95,427

108,176

Amounts due under contracts

39,800

26,500

Tax

-

1,709

Prepayments and accrued income

778

462

136,005

136,847

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Payments on account

-

243

Trade creditors

2,700

396

Tax

25,327

45,062

Social security and other taxes

1,153

-

VAT

31,610

39,360

Accruals and deferred income

2,126

1,931

62,916

86,992

7.	LEASING AGREEMENTS

At 31 December 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £8,687. (2023 - £16,706).

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

£

£

53,200

Ordinary 'A'

£1

28,700

28,700

63,233

Ordinary 'B'

£1

63,233

63,233

91,933

91,933

9.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 January 2024

32,539

34,500

67,039

Profit for the year

83,427

83,427

Dividends

(81,112

)

(81,112

)

At 31 December 2024

34,854

34,500

69,354