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Registration number: 03252148

Consolux M&E Consulting Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Consolux M&E Consulting Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

Consolux M&E Consulting Ltd

Company Information

Director

Mr Richard Jon Greenough

Registered office

7th Floor, Cotton House
Cotton Exchange Building
Old Hall Street
Liverpool
L3 9LQ

Accountants

GMR Accountants Ltd
1st Floor
8/12 London Street
Southport
Merseyside
PR9 0UE

 

Consolux M&E Consulting Ltd

(Registration number: 03252148)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

114,414

113,291

Current assets

 

Stocks

5

300,750

379,250

Debtors

6

1,500,917

1,127,418

Cash at bank and in hand

 

153,198

36,320

 

1,954,865

1,542,988

Creditors: Amounts falling due within one year

7

(1,240,864)

(1,252,505)

Net current assets

 

714,001

290,483

Total assets less current liabilities

 

828,415

403,774

Creditors: Amounts falling due after more than one year

7

(298,395)

(137,671)

Net assets

 

530,020

266,103

Capital and reserves

 

Called up share capital

200

200

Retained earnings

529,820

265,903

Shareholders' funds

 

530,020

266,103

For the financial year ending 31 December 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 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 director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 April 2025
 

.........................................
Mr Richard Jon Greenough
Director

 

Consolux M&E Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

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

The address of its registered office is:
7th Floor, Cotton House
Cotton Exchange Building
Old Hall Street
Liverpool
L3 9LQ

These financial statements were authorised for issue by the director on 3 April 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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 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.

 

Consolux M&E Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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

Fixtures and fittings

25% straight line basis

Office equipment

25% straight line basis

Motor vehicles

25% straight line basis

Improvement to Leasehold

10% straight line basis

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Borrowings

 

Consolux M&E Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

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 the director) during the year, was 25 (2023 - 26).

 

Consolux M&E Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Short leasehold land and buildings
£

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 January 2024

-

45,553

27,203

280,998

Additions

45,455

-

25,325

-

Disposals

-

-

-

(107,820)

At 31 December 2024

45,455

45,553

52,528

173,178

Depreciation

At 1 January 2024

-

45,494

7,413

187,556

Charge for the year

3,148

31

10,193

56,285

Eliminated on disposal

-

-

-

(107,820)

At 31 December 2024

3,148

45,525

17,606

136,021

Carrying amount

At 31 December 2024

42,307

28

34,922

37,157

At 31 December 2023

-

59

19,790

93,442

Total
£

Cost or valuation

At 1 January 2024

353,754

Additions

70,780

Disposals

(107,820)

At 31 December 2024

316,714

Depreciation

At 1 January 2024

240,463

Charge for the year

69,657

Eliminated on disposal

(107,820)

At 31 December 2024

202,300

Carrying amount

At 31 December 2024

114,414

At 31 December 2023

113,291

 

Consolux M&E Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Included within the net book value of land and buildings above is £42,307 (2023 - £Nil) in respect of short leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Work in progress

300,750

379,250

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

242,230

364,048

Amounts owed by related parties

9

383,857

91,725

Prepayments

 

22,604

27,382

Other debtors

 

852,226

644,263

   

1,500,917

1,127,418

 

Consolux M&E Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

243,865

171,277

Trade creditors

 

38,120

82,958

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

29,968

39,939

Taxation and social security

 

849,518

903,851

Accruals and deferred income

 

4,008

4,851

Other creditors

 

75,385

49,629

 

1,240,864

1,252,505

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

298,395

137,671

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

218,921

43,865

Hire purchase contracts

79,474

93,806

298,395

137,671

Current loans and borrowings

2024
£

2023
£

Bank borrowings

135,071

39,315

Hire purchase contracts

15,604

74,589

Other borrowings

93,190

57,373

243,865

171,277

 

Consolux M&E Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9

Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

14,400

14,400

Directors' loan account

At the Year End the director owed £546,891 (2023: £340,120) to the company.