REGISTERED NUMBER: 13137574 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Stott And May Consulting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr S P Stott

REGISTERED OFFICE:

6th Floor Cannon Green

27 Bush Lane

London

EC4R 0AA

REGISTERED NUMBER:

13137574 (England and Wales)

SENIOR STATUTORY AUDITOR:

Philippa Duckworth BSc FCCA

AUDITORS:

WP Audit Limited

Statutory Auditors

TOR

Saint-Cloud Way

Maidenhead

Berkshire

SL6 8BN

CURRENT ASSETS

Debtors

4

124,961

1,154,781

Cash at bank

25,293

5,831

150,254

1,160,612

CREDITORS

Amounts falling due within one year

5

(321,725

)

(1,336,242

)

NET CURRENT LIABILITIES

(171,471

)

(175,630

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(171,471

)

(175,630

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(171,571

)

(175,730

)

(171,471

)

(175,630

)

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 18 August 2025 and were signed by:

Mr S P Stott - Director

1.	STATUTORY INFORMATION

Stott And May 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts are prepared on a going concern basis as in the opinion of the directors the company has sufficient finance available to it to meet its obligations as they fall due for the foreseeable future, that is at least 12 months from the date of approval of the accounts.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Recoverability of related party balances - The Company assesses these balances for recoverability. When assessing for impairment, management considers factors including historical experience, knowledge of performance and future forecasts.

Recoverability of trade debtors - Trade debtors are stated net of a provision for doubtful debtors. The Company maintains a provision for doubtful debtors, based on the financial condition of the customer and aging of the trade receivable after considering historical experience and communications with the debtor and the current economic environment.

Turnover

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.

Revenue is recognised as and when services are provided in respect of temporary staff placements and when a candidate starts their new employment in respect of permanent placements.

Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss..

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.

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.

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.

Going concern

It is the opinion of the director that despite net liabilities at the balance sheet date the company remains a going concern.

Included within liabilities are creditors totalling £178,012 owed to group undertakings which are not expected to be repaid in the short term and for which ongoing support is expected to continue.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

56,680

1,000,485

Other debtors

68,281

154,296

124,961

1,154,781

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

39,613

277,201

Trade creditors

33,633

324,880

Amounts owed to group undertakings

178,012

576,437

Taxation and social security

14,353

4,024

Other creditors

56,114

153,700

321,725

1,336,242

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

39,613

277,201

The company's invoice discounting loan is secured by way of a bank debenture in standard form creating a fixed and floating charge over the assets of the company.

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Philippa Duckworth BSc FCCA (Senior Statutory Auditor)

for and on behalf of WP Audit Limited

8.	ULTIMATE CONTROLLING PARTY

Stott and May Holdings Limited is regarded by the director as being the company's ultimate parent company.