Company Registration Number: 04322971 (England and Wales)

Concentric Consulting Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Concentric Consulting Ltd

Company Information

Directors

Mr N Butterworth Mrs L L Butterworth

Company secretary

Mrs L L Butterworth

Registered office

Lidan House 11 Queens Road Uxbridge Middlesex UB8 2NN

Accountants

Russell Phillips Limited Chartered Accountants2nd Floor Gerrards Cross Memorial Centre 8 East Common Gerrards Cross Buckinghamshire SL9 7AD

Concentric Consulting Ltd

(Registration number: 04322971)
Balance Sheet as at 30 November 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	1,885	2,590
Current assets
Debtors	5	67,637	42,942
Cash at bank and in hand		64,026	89,899
		131,663	132,841
Creditors: Amounts falling due within one year	6	(36,840)	(40,179)
Net current assets		94,823	92,662
Total assets less current liabilities		96,708	95,252
Provisions for liabilities		(358)	(492)
Net assets		96,350	94,760
Capital and reserves
Called up share capital		100	100
Retained earnings		96,250	94,660
Shareholders' funds		96,350	94,760

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 April 2024 and signed on its behalf by:
 

......................................... Mr N Butterworth Director

Concentric Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lidan House
11 Queens Road
Uxbridge
Middlesex
UB8 2NN

These financial statements were authorised for issue by the Board on 7 April 2024.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Concentric Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Concentric Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 3).

Concentric Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4	Tangible assets

	Office Equipment  £	Total £
Cost or valuation
At 1 December 2023	8,286	8,286
Additions	998	998
Disposals	(2,137)	(2,137)
At 30 November 2024	7,147	7,147
Depreciation
At 1 December 2023	5,696	5,696
Charge for the year	1,704	1,704
Eliminated on disposal	(2,138)	(2,138)
At 30 November 2024	5,262	5,262
Carrying amount
At 30 November 2024	1,885	1,885
At 30 November 2023	2,590	2,590

5

Debtors

Current	2024 £	2023 £
Trade debtors	65,565	40,856
Prepayments	344	358
Other debtors	1,728	1,728
	67,637	42,942

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	146	258
Taxation and social security	31,576	29,177
Accruals and deferred income	3,820	4,062
Other creditors	1,298	6,682
	36,840	40,179

Concentric Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

7

Dividends

Interim dividends paid

		2024 £		2023 £
Interim dividend of £200.00 (2023 - £100.00) per each Ordinary shares		20,000		10,000

8	Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

	2024 £	2023 £
Remuneration	12,570	12,570
Contributions paid to money purchase schemes	73,333	63,334
	85,903	75,904