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REGISTERED NUMBER: 02895310 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

THE INGREDIENTS CONSULTANCY LIMITED

THE INGREDIENTS CONSULTANCY LIMITED (REGISTERED NUMBER: 02895310)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 October 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3

Chartered accountants' report 6

THE INGREDIENTS CONSULTANCY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 October 2024







DIRECTORS: Mrs K Ferguson
Mr A Ferguson





SECRETARY: Mrs K Ferguson





REGISTERED OFFICE: 41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX





REGISTERED NUMBER: 02895310 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

THE INGREDIENTS CONSULTANCY LIMITED (REGISTERED NUMBER: 02895310)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 15,675 18,631

CURRENT ASSETS
Stocks 377,392 539,270
Debtors 5 1,764,830 1,458,205
Cash at bank 1,586,779 1,281,564
3,729,001 3,279,039
CREDITORS
Amounts falling due within one year 6 1,136,476 863,897
NET CURRENT ASSETS 2,592,525 2,415,142
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,608,200

2,433,773

CAPITAL AND RESERVES
Called up share capital 121 121
Retained earnings 2,608,079 2,433,652
SHAREHOLDERS' FUNDS 2,608,200 2,433,773

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2025 and were signed on its behalf by:





Mrs K Ferguson - Director


THE INGREDIENTS CONSULTANCY LIMITED (REGISTERED NUMBER: 02895310)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 October 2024

1. STATUTORY INFORMATION

The Ingredients Consultancy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSIONS
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable for the year are charged in the profit and loss account.

THE INGREDIENTS CONSULTANCY LIMITED (REGISTERED NUMBER: 02895310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 October 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 11,828 64,738 10,450 87,016
Additions - - 2,293 2,293
At 31 October 2024 11,828 64,738 12,743 89,309
DEPRECIATION
At 1 November 2023 5,683 53,580 9,122 68,385
Charge for year 922 2,789 1,538 5,249
At 31 October 2024 6,605 56,369 10,660 73,634
NET BOOK VALUE
At 31 October 2024 5,223 8,369 2,083 15,675
At 31 October 2023 6,145 11,158 1,328 18,631

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,755,093 1,450,630
Deferred tax asset 3,447 -
Prepayments 6,290 7,575
1,764,830 1,458,205

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 578,581 468,034
Tax 318,343 226,888
Social security and other taxes 4,558 4,288
VAT 217,746 149,722
Other creditors 7,278 8,946
Pension Creditor 439 439
Directors' current accounts 965 965
Accrued expenses 8,566 4,615
1,136,476 863,897

THE INGREDIENTS CONSULTANCY LIMITED (REGISTERED NUMBER: 02895310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 October 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Mr A Ferguson
Balance outstanding at start of year (631 ) (116 )
Amounts advanced 510,781 95,485
Amounts repaid (510,781 ) (96,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (631 ) (631 )

Mrs K Ferguson
Balance outstanding at start of year (334 ) (186 )
Amounts advanced 254,163 257,852
Amounts repaid (254,163 ) (258,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (334 ) (334 )

The above advances are repayable on demand and interest is charged at the official rate.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
THE INGREDIENTS CONSULTANCY LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Ingredients Consultancy Limited for the year ended 31 October 2024 which comprise the Income statement, Balance sheet, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Ingredients Consultancy Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Ingredients Consultancy Limited and state those matters that we have agreed to state to the Board of Directors of The Ingredients Consultancy Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Ingredients Consultancy Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Ingredients Consultancy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Ingredients Consultancy Limited. You consider that The Ingredients Consultancy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Ingredients Consultancy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX


11 June 2025