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REGISTERED NUMBER: 12435954 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Original Consultants Ltd

Original Consultants Ltd (Registered number: 12435954)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


Original Consultants Ltd (Registered number: 12435954)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 40,000 -
Tangible assets 5 164,570 155,553
204,570 155,553

CURRENT ASSETS
Stocks 56,114 53,916
Debtors 6 822,898 1,229,220
Cash at bank 425,355 -
1,304,367 1,283,136
CREDITORS
Amounts falling due within one year 7 1,062,697 1,080,024
NET CURRENT ASSETS 241,670 203,112
TOTAL ASSETS LESS CURRENT
LIABILITIES

446,240

358,665

CREDITORS
Amounts falling due after more than one
year

8

(76,509

)

(117,855

)

PROVISIONS FOR LIABILITIES (29,988 ) (38,888 )
NET ASSETS 339,743 201,922

CAPITAL AND RESERVES
Called up share capital 125 125
Retained earnings 339,618 201,797
339,743 201,922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Original Consultants Ltd (Registered number: 12435954)

Balance Sheet - continued
31 January 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 June 2025 and were signed on its behalf by:





J H Cox - Director


Original Consultants Ltd (Registered number: 12435954)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Original Consultants Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12435954

Registered office: The Lypiatts
15 Lansdown Road
Cheltenham
Gloucestershire
GL50 2JA

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition. intangible assets are measured at cost less any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 33% on cost and 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

Original Consultants Ltd (Registered number: 12435954)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Classification of financial liabilities
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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Original Consultants Ltd (Registered number: 12435954)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

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.

Research and development
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Factored debt
The company has debts under invoice discounting arrangements for which the invoice discounting company has right of recourse to the company in case of non-payment by the debtor. All such debts continue to be shown as a debtor on the company's balance sheet and funds advanced as a creditor until such time as the payment is made by the debtor to the invoice discounting company.

Share options
At the reporting date, the company had issued 13,890 share options under the EMI scheme, all of which are equity settled. These options were granted in May 2023 and vest over a three-year period on the anniversary of the grant date. At the reporting date, 4,632 share options had therefore vested.

The company is required to value the equity instruments granted and spread the cost over the vesting period. Based on the Black-Scholes valuation method, the value of such options is not likely to be material, and no adjustment has been made for these options within the financial statements. The directors consider the accounts to continue to show a true and fair position of the company finances despite this.

The directors will review the position at the end of the vesting period and recognise any required expense in that financial period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 15 ) .

Original Consultants Ltd (Registered number: 12435954)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
Cost
Additions 40,000
At 31 January 2025 40,000
Net book value
At 31 January 2025 40,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 February 2024 13,767 95,188 99,752 208,707
Additions 46,939 - 29,110 76,049
Disposals - - (5,999 ) (5,999 )
At 31 January 2025 60,706 95,188 122,863 278,757
Depreciation
At 1 February 2024 3,619 23,797 25,738 53,154
Charge for year 5,334 23,797 37,901 67,032
Eliminated on disposal - - (5,999 ) (5,999 )
At 31 January 2025 8,953 47,594 57,640 114,187
Net book value
At 31 January 2025 51,753 47,594 65,223 164,570
At 31 January 2024 10,148 71,391 74,014 155,553

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 716,626 1,068,477
Other debtors 106,272 160,743
822,898 1,229,220

Included in trade debtors is an amount of £140,536 which is subject to an invoice discounting arrangement.

Original Consultants Ltd (Registered number: 12435954)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 167 22,908
Hire purchase contracts 41,345 41,346
Trade creditors 448,645 575,958
Taxation and social security 278,242 282,433
Other creditors 294,298 157,379
1,062,697 1,080,024

Hire purchase assets are secured on the underlying assets.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts 76,509 117,855

Hire purchase assets are secured on the underlying assets.

9. SECURED DEBTS

All assets are pledged as security to the bank under a fixed and floating charge. The maximum extent of this guarantee at the balance sheet date is £167.

10. OTHER FINANCIAL COMMITMENTS

The total value of financial commitments, guarantees and contingencies that are not included in the balance sheet amounts to £123,441 (2024: £209,609)

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 2024
£    £   
R G L Carter
Balance outstanding at start of year - -
Amounts advanced 115,032 -
Amounts repaid (91,551 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,481 -

The above loan is included within other debtors. The loan is unsecured and repayable on demand. No interest has been charged due to a benefit in kind being selected.

Included in other creditors is £4,030 (2024: £936) owed to the directors of the company, these loans are unsecured, interest free and repayable on demand.

Original Consultants Ltd (Registered number: 12435954)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

12. CALLED UP SHARE CAPITAL

Number: Class: Nominal Value: 2025 2024
£    £   
6,250 (2024: 25,000) A £0.001 6 25
40,625 (2024: 25,750) B £0.001 41 26
40,625 (2024: 36,750) C £0.001 41 37
27,500 (2024: 31,250) D £0.001 27 31
6,250 (2024: 6,250) E £0.001 6 6
3,750 (2024: 0) F £0.001 4 0

125,000 (2024:
125,000)


125

125