Registered number
03640942
Montgomery Consulting Limited
Filleted Accounts
31 March 2025
Montgomery Consulting Limited
Registered number: 03640942
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 37,239 49,765
Current assets
Stocks 3,000 3,000
Debtors 4 10,373 9,449
Cash at bank and in hand 1,268 4,680
14,641 17,129
Creditors: amounts falling due within one year 5 (28,388) (47,949)
Net current liabilities (13,747) (30,820)
Total assets less current liabilities 23,492 18,945
Creditors: amounts falling due after more than one year 6 (436) (2,910)
Provisions for liabilities (6,900) (6,600)
Net assets 16,156 9,435
Capital and reserves
Called up share capital 100 100
Profit and loss account 16,056 9,335
Shareholders' funds 16,156 9,435
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Montgomery
Director
Approved by the board on 8 May 2025
Montgomery Consulting Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment 25% writing down value
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 2,534 49,295 51,829
At 31 March 2025 2,534 49,295 51,829
Depreciation
At 1 April 2024 1,726 338 2,064
Charge for the year 202 12,324 12,526
At 31 March 2025 1,928 12,662 14,590
Net book value
At 31 March 2025 606 36,633 37,239
At 31 March 2024 808 48,957 49,765
4 Debtors 2025 2024
£ £
Trade debtors 5,373 264
Other debtors 5,000 9,185
10,373 9,449
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 2,700 2,700
Trade creditors 9,872 1,177
Taxation and social security costs 1,032 2,656
Other creditors 14,784 41,416
28,388 47,949
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 436 2,910
7 Other information
Montgomery Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is:
Long Clough Farm
Macclesfield Forest
SK11 0AR
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