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COMPANY REGISTRATION NUMBER: 12401828
Sumlock Consulting Limited
Filleted Unaudited Financial Statements
31 January 2025
Sumlock Consulting Limited
Financial Statements
Year ended 31 January 2025
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Sumlock Consulting Limited
Statement of Financial Position
31 January 2025
2025
2024
Note
£
£
£
£
Fixed assets
Tangible assets
6
794
Current assets
Debtors
7
7,745
Cash at bank and in hand
6,059
4,102
--------
-------
13,804
4,102
Creditors: amounts falling due within one year
8
8,371
14,034
--------
--------
Net current assets/(liabilities)
5,433
( 9,932)
-------
-------
Total assets less current liabilities
5,433
( 9,138)
-------
-------
Net assets/(liabilities)
5,433
( 9,138)
-------
-------
Capital and reserves
Called up share capital
9
2
2
Profit and loss account
5,431
( 9,140)
-------
-------
Shareholders funds/(deficit)
5,433
( 9,138)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2025 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Sumlock Consulting Limited
Statement of Financial Position (continued)
31 January 2025
These financial statements were approved by the board of directors and authorised for issue on 29 April 2025 , and are signed on behalf of the board by:
Mr C C James
Director
Company registration number: 12401828
Sumlock Consulting Limited
Notes to the Financial Statements
Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 17 Park Drive, Romford, Essex, RM1 4LJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company ceased trading during the year and the director intends to liquidate the company. Accordingly the financial statements have been prepared on a basis other than going concern.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% straight line
Equipment
-
20% straight line
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Dividends
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):
2025
2024
£
£
Dividends on ordinary shares
6,000
15,500
-------
--------
6. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 February 2024
464
1,808
2,272
Disposals
( 464)
( 1,808)
( 2,272)
----
-------
-------
At 31 January 2025
----
-------
-------
Depreciation
At 1 February 2024
261
1,217
1,478
Charge for the year
95
215
310
Disposals
( 356)
( 1,432)
( 1,788)
----
-------
-------
At 31 January 2025
----
-------
-------
Carrying amount
At 31 January 2025
----
-------
-------
At 31 January 2024
203
591
794
----
-------
-------
7. Debtors
2025
2024
£
£
Other debtors
7,745
-------
----
8. Creditors: amounts falling due within one year
2025
2024
£
£
Accruals and deferred income
1,390
1,458
Corporation tax
5,161
1,856
Social security and other taxes
1,820
Director loan accounts
10,720
-------
--------
8,371
14,034
-------
--------
9. Called up share capital
Issued, called up and fully paid
2025
2024
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
----
----
----
----
10. Directors' advances, credits and guarantees
At the year end the directors owed the company £7,745 (2024: £nil) by way of a directors loan account. £2,312 of this will be repaid before the company is dissolved as there are not sufficient funds within the bank current account to settle the company's final liabilities and therefore the directors will need to settle the excess personally which will reduce the amount they owe the company. The remaining £5,433 is advanced payment of capital to the shareholder directors on dissolution of the company.
11. Related party transactions
Increase/ decrease in loan Balance outstanding at 31 January Dr/(Cr)
£ £
Directors
31 January 2025 18,465 7,745
31 January 2024 (9,985) (10,720)