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Company registration number: 14427035







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 OCTOBER 2024


SHELKOV CONSULTING LIMITED






































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SHELKOV CONSULTING LIMITED
 


 
COMPANY INFORMATION


Directors
L L Phillips 
V D Shelkov 




Registered number
14427035



Registered office
Richmond House
Walkern Road

Stevenage

SG1 3QP




Accountants
Menzies LLP
Chartered Accountants

Richmond House

Walkern Road

Stevenage

SG1 3QP





 


SHELKOV CONSULTING LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 


SHELKOV CONSULTING LIMITED
REGISTERED NUMBER:14427035



STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,223
8,037

  
6,223
8,037

Current assets
  

Debtors: amounts falling due within one year
 5 
785
795

Bank and cash balances
  
16,460
37,891

  
17,245
38,686

Creditors: amounts falling due within one year
 6 
(22,814)
(27,340)

Net current (liabilities)/assets
  
 
 
(5,569)
 
 
11,346

Total assets less current liabilities
  
654
19,383

  

Net assets
  
654
19,383


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
554
19,283

  
654
19,383


Page 1

 


SHELKOV CONSULTING LIMITED
REGISTERED NUMBER:14427035


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




V D Shelkov
Director

Date: 24 July 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


SHELKOV CONSULTING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

1.


General information

Shelkov Consulting Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is shown on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 


SHELKOV CONSULTING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
20%
Computer equipment
-
33%
Improvement to property
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Page 4

 


SHELKOV CONSULTING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

3.


Employees



The average monthly number of employees, including directors, during the period was 2 (2023 - 1).


4.


Tangible fixed assets





Office equipment
Computer equipment
Improvement to property
Total

£
£
£
£



Cost or valuation


At 1 November 2023
3,320
3,093
3,481
9,894


Additions
-
623
-
623



At 31 October 2024

3,320
3,716
3,481
10,517



Depreciation


At 1 November 2023
321
840
696
1,857


Charge for the period on owned assets
664
1,077
696
2,437



At 31 October 2024

985
1,917
1,392
4,294



Net book value



At 31 October 2024
2,335
1,799
2,089
6,223



At 31 October 2023
2,999
2,253
2,785
8,037


5.


Debtors

2024
2023
£
£


Other debtors
785
795

785
795


Page 5

 


SHELKOV CONSULTING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
806

Corporation tax
19,555
18,227

Other taxation and social security
717
209

Other creditors
792
6,348

Accruals and deferred income
1,750
1,750

22,814
27,340



7.


Related party transactions

At the reporting date the company owed £792 (2023: £480) to the directors. The balance can be found within creditors due within one year. No interest is being charged on this loan.

 
Page 6