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REGISTERED NUMBER: 08535165 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2025

for

Wallace Consulting Limited

Wallace Consulting Limited (Registered number: 08535165)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 5

Wallace Consulting Limited

Company Information
for the Year Ended 31 May 2025







DIRECTOR: Ms E A Wallace





REGISTERED OFFICE: 11 Ducketts Wharf South Street
Bishop's Stortford
England, CM23 3AR





REGISTERED NUMBER: 08535165 (England and Wales)





ACCOUNTANTS: Ascott Blake Ltd
11 Ducketts Wharf
Bishop's Stortford
Hertfordshire
CM23 3AR

Wallace Consulting Limited (Registered number: 08535165)

Balance Sheet
31 May 2025

31/5/25 31/5/24
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,566 816
Investments 5 98,391 93,478
99,957 94,294

CURRENT ASSETS
Debtors 6 2,018 1,303
Cash at bank 84,300 120,625
86,318 121,928
CREDITORS
Amounts falling due within one year 7 (64,406 ) (139,470 )
NET CURRENT ASSETS/(LIABILITIES) 21,912 (17,542 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,869

76,752

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 121,768 76,651
121,869 76,752

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 4 August 2025 and were signed by:





Ms E A Wallace - Director


Wallace Consulting Limited (Registered number: 08535165)

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

1. STATUTORY INFORMATION

Wallace Consulting 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.

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 as modified by the revaluation of certain assets.

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.

Office Equipment - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

Wallace Consulting Limited (Registered number: 08535165)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2024 2,523
Additions 1,041
At 31 May 2025 3,564
DEPRECIATION
At 1 June 2024 1,707
Charge for year 291
At 31 May 2025 1,998
NET BOOK VALUE
At 31 May 2025 1,566
At 31 May 2024 816

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 June 2024 93,478
Revaluations 4,913
At 31 May 2025 98,391
NET BOOK VALUE
At 31 May 2025 98,391
At 31 May 2024 93,478

Cost or valuation at 31 May 2025 is represented by:

Other
investments
£   
Valuation in 2024 98,391

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/25 31/5/24
£    £   
Other debtors 2,018 1,303

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/25 31/5/24
£    £   
Taxation and social security 9,150 12,245
Other creditors 55,256 127,225
64,406 139,470

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Wallace Consulting Limited

The following reproduces the text of the report prepared for the director 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 Director 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 Wallace Consulting Limited for the year ended 31 May 2025 which comprise the Income Statement, Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Wallace Consulting Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wallace Consulting Limited and state those matters that we have agreed to state to the director of Wallace Consulting Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Wallace Consulting 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 Wallace Consulting Limited. You consider that Wallace Consulting 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 Wallace Consulting 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.






Ascott Blake Ltd
11 Ducketts Wharf
Bishop's Stortford
Hertfordshire
CM23 3AR


4 August 2025