| REGISTERED NUMBER: |
| Tom Forsyth Consulting Ltd |
| Unaudited Financial Statements |
| for the Year Ended 31st October 2024 |
| REGISTERED NUMBER: |
| Tom Forsyth Consulting Ltd |
| Unaudited Financial Statements |
| for the Year Ended 31st October 2024 |
| Tom Forsyth Consulting Ltd (Registered number: SC489499) |
| Contents of the Financial Statements |
| for the year ended 31st October 2024 |
| Page |
| Company information | 1 |
| Statement of financial position | 2 | to | 3 |
| Notes to the financial statements | 4 | to | 6 |
| Tom Forsyth Consulting Ltd |
| Company Information |
| for the year ended 31st October 2024 |
| Director: |
| Registered office: |
| Business address: |
| Registered number: |
| Accountants: |
| Academy House |
| Shedden Park Road |
| Kelso |
| Roxburghshire |
| TD5 7AL |
| Tom Forsyth Consulting Ltd (Registered number: SC489499) |
| Statement of Financial Position |
| 31st October 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 5 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) | ( |
) |
| Provisions for liabilities |
| Net liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| Shareholders' funds | ( |
) | ( |
) |
| Tom Forsyth Consulting Ltd (Registered number: SC489499) |
| Statement of Financial Position - continued |
| 31st October 2024 |
| The director acknowledges his 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 were approved by the director and authorised for issue on |
| Tom Forsyth Consulting Ltd (Registered number: SC489499) |
| Notes to the Financial Statements |
| for the year ended 31st October 2024 |
| 1. | Statutory information |
| Tom Forsyth Consulting Ltd is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end. |
| Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. |
| Tangible fixed assets |
| Office equipment | - |
| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
| Financial instruments |
| The following assets and liabilities are classified as financial instruments - trade creditors, accruals, director's loans and shareholders' loan. |
| Director's loans and shareholders' loans (being repayable on demand), trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
| Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings. |
| 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 statement of financial position date. |
| Tom Forsyth Consulting Ltd (Registered number: SC489499) |
| Notes to the Financial Statements - continued |
| for the year ended 31st October 2024 |
| 2. | Accounting policies - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| Provisions |
| Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis. |
| Employee benefits |
| Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred. |
| Going concern |
| The continued trading of the company is dependent on the future support of the director through his loan account. The director has confirmed that he will continue to support the company throughout the coming year. The accounts have therefore been prepared on the going concern basis. The director is confident that the company will trade out of its current difficulties. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Tangible fixed assets |
| Office |
| equipment |
| £ |
| Cost |
| At 1st November 2023 |
| Additions |
| At 31st October 2024 |
| Depreciation |
| At 1st November 2023 |
| Charge for year |
| At 31st October 2024 |
| Net book value |
| At 31st October 2024 |
| At 31st October 2023 |
| Tom Forsyth Consulting Ltd (Registered number: SC489499) |
| Notes to the Financial Statements - continued |
| for the year ended 31st October 2024 |
| 5. | Creditors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |