Silverfin false false 31/07/2024 01/08/2023 31/07/2024 Mr S Kimsey 15/07/2011 23 April 2025 The principal activity of the Company during the financial year was that of market research. 07706690 2024-07-31 07706690 bus:Director1 2024-07-31 07706690 2023-07-31 07706690 core:CurrentFinancialInstruments 2024-07-31 07706690 core:CurrentFinancialInstruments 2023-07-31 07706690 core:Non-currentFinancialInstruments 2024-07-31 07706690 core:Non-currentFinancialInstruments 2023-07-31 07706690 core:ShareCapital 2024-07-31 07706690 core:ShareCapital 2023-07-31 07706690 core:RetainedEarningsAccumulatedLosses 2024-07-31 07706690 core:RetainedEarningsAccumulatedLosses 2023-07-31 07706690 core:FurnitureFittings 2023-07-31 07706690 core:OfficeEquipment 2023-07-31 07706690 core:FurnitureFittings 2024-07-31 07706690 core:OfficeEquipment 2024-07-31 07706690 bus:OrdinaryShareClass1 2024-07-31 07706690 2023-08-01 2024-07-31 07706690 bus:FilletedAccounts 2023-08-01 2024-07-31 07706690 bus:SmallEntities 2023-08-01 2024-07-31 07706690 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 07706690 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07706690 bus:Director1 2023-08-01 2024-07-31 07706690 core:FurnitureFittings 2023-08-01 2024-07-31 07706690 core:OfficeEquipment core:TopRangeValue 2023-08-01 2024-07-31 07706690 2022-08-01 2023-07-31 07706690 core:OfficeEquipment 2023-08-01 2024-07-31 07706690 core:Non-currentFinancialInstruments 2023-08-01 2024-07-31 07706690 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 07706690 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07706690 (England and Wales)

KIMSEY CONSULTING LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

KIMSEY CONSULTING LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

KIMSEY CONSULTING LIMITED

BALANCE SHEET

As at 31 July 2024
KIMSEY CONSULTING LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 624 1,194
624 1,194
Current assets
Debtors 5 6,105 6,351
Cash at bank and in hand 100 8,984
6,205 15,335
Creditors: amounts falling due within one year 6 ( 7,155) ( 7,850)
Net current (liabilities)/assets (950) 7,485
Total assets less current liabilities (326) 8,679
Creditors: amounts falling due after more than one year 7 ( 1,000) ( 2,200)
Net (liabilities)/assets ( 1,326) 6,479
Capital and reserves
Called-up share capital 8 10 10
Profit and loss account ( 1,336 ) 6,469
Total shareholder's (deficit)/funds ( 1,326) 6,479

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Kimsey Consulting Limited (registered number: 07706690) were approved and authorised for issue by the Director on 23 April 2025. They were signed on its behalf by:

Mr S Kimsey
Director
KIMSEY CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
KIMSEY CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Kimsey Consulting Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the provision of services to customers.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 25 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Dividends on equity shares

The directors acknowledge that Ultra Vires dividends were declared and paid during the year. At the time the dividends
were paid the directors were not aware that there were insufficient profits available for distribution. The directors
acknowledge that no further distributions can be made until there are sufficient profits available for that purpose.

4. Tangible assets

Fixtures and fittings Office equipment Total
£ £ £
Cost
At 01 August 2023 1,064 6,437 7,501
At 31 July 2024 1,064 6,437 7,501
Accumulated depreciation
At 01 August 2023 955 5,352 6,307
Charge for the financial year 27 543 570
At 31 July 2024 982 5,895 6,877
Net book value
At 31 July 2024 82 542 624
At 31 July 2023 109 1,085 1,194

5. Debtors

2024 2023
£ £
Amounts owed by director 4,994 3,619
Prepayments 0 2,732
Corporation tax 1,111 0
6,105 6,351

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 3,338 1,200
Trade creditors 1,097 2,663
Accruals 2,720 2,145
Corporation tax 0 1,842
7,155 7,850

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 1,000 2,200

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
10 Ordinary shares of £ 1.00 each 10 10

9. Related party transactions

Transactions with the entity's director

2024 2023
£ £
At 1 August 2023 (3,619) (323)
Advances to director (19,517) (24,974)
Repayments by director 18,142 21,682
Interest Charged 0 (4)
At 31 July 2024 (4,994) (3,619)

Interest has been charged using HMRC office rates for beneficial loans and is repayable on demand.