RESEARCH CONSULTING LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R F Johnson

R Johnson

D M King

REGISTERED OFFICE:

The Ingenuity Centre

University of Nottingham Innovation Park

Triumph Road, Office B17

Nottingham

Nottinghamshire

NG7 2TU

REGISTERED NUMBER:

08376797 (England and Wales)

ACCOUNTANTS:

Halsey & Co (Accountants) Ltd.

Chartered Certified Accountants

Registered Auditors

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

FIXED ASSETS

Tangible assets

5

8,316

8,504

CURRENT ASSETS

Debtors

6

386,291

173,156

Investments

7

78,208

122,473

Cash at bank

66,890

57,854

531,389

353,483

CREDITORS

Amounts falling due within one year

8

312,208

186,253

NET CURRENT ASSETS

219,181

167,230

TOTAL ASSETS LESS CURRENT LIABILITIES

227,497

175,734

CREDITORS

Amounts falling due after more than one year

9

(3,334

)

(13,334

)

PROVISIONS FOR LIABILITIES

(7,716

)

(4,063

)

NET ASSETS

216,447

158,337

CAPITAL AND RESERVES

Called up share capital

11

12

12

Share premium

526

526

Retained earnings

215,909

157,799

SHAREHOLDERS' FUNDS

216,447

158,337

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 31st July 2025 and were signed on its behalf by:

R F Johnson - Director

1.	STATUTORY INFORMATION

Research 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

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.

Plant and machinery

-

50% on cost and 33% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 12 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st February 2024

4,218

2,037

21,128

27,383

Additions

-

-

3,661

3,661

At 31st January 2025

4,218

2,037

24,789

31,044

DEPRECIATION

At 1st February 2024

1,446

1,887

15,546

18,879

Charge for year

982

51

2,816

3,849

At 31st January 2025

2,428

1,938

18,362

22,728

NET BOOK VALUE

At 31st January 2025

1,790

99

6,427

8,316

At 31st January 2024

2,772

150

5,582

8,504

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

220,369

40,919

Other debtors

-

527

Accrued income

148,480

120,556

Prepayments

17,442

11,154

386,291

173,156

7.	CURRENT ASSET INVESTMENTS

31.1.25

31.1.24

£

£

Listed investments

78,208

122,473

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

53,269

30,955

Tax

72,854

34,944

Social security and other taxes

7,014

6,768

VAT

19,129

15,653

Other creditors

206

13

Pension creditor

2,170

1,898

Directors' current accounts

39

355

Deferred income

81,274

23,290

Accrued expenses

66,253

62,377

312,208

186,253

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans - 1-2 years

3,334

10,000

Bank loans - 2-5 years

-

3,334

3,334

13,334

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.1.25

31.1.24

£

£

Within one year

13,656

7,025

Between one and five years

13,609

-

27,265

7,025

In the year to 31.01.25, £24,155 (31.01.24: £17,703) was paid under operating lease commitments.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

10

Ordinary

£1

10

10

111

Ordinary B shares

1p

1

1

59

Ordinary C

1p

1

1

12

12