Registered number
07430466
Erlsmede Consulting Ltd
Report and Accounts
31 March 2025
Accountancy 4 Success Limited
Chartered Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Erlsmede Consulting Ltd
Registered number: 07430466
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 9,675 12,899
Current assets
Debtors 5 8,924 4,258
Cash at bank and in hand 49,029 36,176
57,953 40,434
Creditors: amounts falling due within one year 6 (46,638) (30,020)
Net current assets 11,315 10,414
Net assets 20,990 23,313
Capital and reserves
Called up share capital 3 3
Profit and loss account 20,987 23,310
Shareholders' funds 20,990 23,313
The directors are 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 directors acknowledge their 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.
Adrian Burton
Director
Approved by the board on 15 May 2025
Erlsmede Consulting Ltd
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.
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:
Plant and machinery 25% reducing balance
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.
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 39,000
At 31 March 2025 39,000
Amortisation
At 1 April 2024 39,000
At 31 March 2025 39,000
Net book value
At 31 March 2025 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 1,609 39,917 41,526
At 31 March 2025 1,609 39,917 41,526
Depreciation
At 1 April 2024 1,340 27,287 28,627
Charge for the year 67 3,157 3,224
At 31 March 2025 1,407 30,444 31,851
Net book value
At 31 March 2025 202 9,473 9,675
At 31 March 2024 269 12,630 12,899
5 Debtors 2025 2024
£ £
Trade debtors 8,284 3,882
Other debtors 640 376
8,924 4,258
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 1,518 897
Corporation tax 6,522 3,408
Other taxes and social security costs 11,037 3,275
Other creditors 27,561 22,440
46,638 30,020
7 Related party transactions
There are no related party transactions.
8 Controlling party
The company is controlled by its directors who are the shareholders.
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