Company registration number 12995735 (England and Wales)
KLY Consulting Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 October 2024
PAGES FOR FILING WITH REGISTRAR
KLY Consulting Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
KLY Consulting Ltd
Statement Of Financial Position
as at 31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
29,571
Current assets
Cash at bank and in hand
124,561
130,258
Creditors: amounts falling due within one year
(24,109)
(26,173)
Net current assets
100,452
104,085
Net assets
130,023
104,085
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
129,923
103,985
Total equity
130,023
104,085
For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 15 April 2025
K L Yeoman
Director
Company registration number 12995735 (England and Wales)
KLY Consulting Ltd
Notes to the financial statements
for the year ended 31 October 2024
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies are set out below.
Turnover
Turnover is recognised at the fair value of the consideration received for the services provided in the normal course of business.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Motor vehicles
25% Reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
KLY Consulting Ltd
Notes to the financial statements (continued)
for the year ended 31 October 2024
- 3 -
3
Tangible fixed assets
Motor vehicles
£
Cost
At 1 November 2023
Additions
33,795
At 31 October 2024
33,795
Depreciation and impairment
At 1 November 2023
Depreciation charged in the year
4,224
At 31 October 2024
4,224
Carrying amount
At 31 October 2024
29,571
At 31 October 2023
4
Company information
KLY Consulting Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 32 Rumble Road, Dewsbury, West Yorkshire, WF12 7LR.