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Registered number: 12256368
Fitzboydon Consulting Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Elsby & Company Limited
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12256368
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 72,121 96,918
72,121 96,918
CURRENT ASSETS
Debtors 5 40,795 60,750
Cash at bank and in hand 19,668 95,461
60,463 156,211
Creditors: Amounts Falling Due Within One Year 6 (14,624 ) (96,155 )
NET CURRENT ASSETS (LIABILITIES) 45,839 60,056
TOTAL ASSETS LESS CURRENT LIABILITIES 117,960 156,974
Creditors: Amounts Falling Due After More Than One Year 7 (15,484 ) (34,455 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,768 ) (20,188 )
NET ASSETS 88,708 102,331
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 88,608 102,231
SHAREHOLDERS' FUNDS 88,708 102,331
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For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
C L Fitzboydon
Director
P T Fitzboydon
Director
26th March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Fitzboydon Consulting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12256368 . The registered office is 16A Bletchley Road, Stewkley, Leighton Buzzard, Bedfordshire, LU7 0ER.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% on cost
Fixtures & Fittings Straight line over 5 years
Computer Equipment 25% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Taxation
The taxation expense represents the sum of the corporation tax currently payable and any deferred tax.
The corporation tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at 31 October 2024.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 95,791 2,280 5,166 103,237
As at 31 October 2024 95,791 2,280 5,166 103,237
Depreciation
As at 1 November 2023 1,336 1,628 3,355 6,319
Provided during the period 23,614 456 727 24,797
As at 31 October 2024 24,950 2,084 4,082 31,116
Net Book Value
As at 31 October 2024 70,841 196 1,084 72,121
As at 1 November 2023 94,455 652 1,811 96,918
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 60,750
Other debtors 40,795 -
40,795 60,750
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,225 -
Trade creditors 188 243
Other creditors 1,400 58,653
Taxation and social security 1,811 37,259
14,624 96,155
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 15,484 34,455
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,225 -
Later than one year and not later than five years 15,484 34,455
26,709 34,455
26,709 34,455
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Peter Fitzboydon (387 ) 49,698 9,151 - 4,160
Interest was charged on this balance at a rate of 2.25%.
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