REGISTERED NUMBER: 03896571 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SMALLWOOD CONSULTANCY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Mrs B M Hulland

R Hulland

Registered office:

1 Ascot Drive

Derby

Derbyshire

DE24 8GW

Registered number:

03896571 (England and Wales)

Accountants:

TC Group

10 Stadium Business Court

Millennium Way

Pride Park

Derby

DE24 8HP

Fixed assets

Tangible assets

4

3,219

3,504

Current assets

Debtors

5

647,641

537,850

Cash at bank

164,217

114,275

811,858

652,125

Creditors

Amounts falling due within one year

6

(118,740

)

(81,366

)

Net current assets

693,118

570,759

Total assets less current liabilities

696,337

574,263

Capital and reserves

Called up share capital

7

2

2

Retained earnings

696,335

574,261

Shareholders' funds

696,337

574,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

Mrs B M Hulland - Director

1.	STATUTORY INFORMATION

Smallwood Consultancy 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.

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

-

20% on cost

Fixtures and fittings

-

10% on reducing balance

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2023 - 51 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

Cost

At 1 January 2024

10,642

17,061

27,703

Additions

346

-

346

At 31 December 2024

10,988

17,061

28,049

Depreciation

At 1 January 2024

9,969

14,230

24,199

Charge for year

348

283

631

At 31 December 2024

10,317

14,513

24,830

Net book value

At 31 December 2024

671

2,548

3,219

At 31 December 2023

673

2,831

3,504

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

15,009

5,612

Intercompany account

430,632

407,277

Other debtors

3,347

16,524

Directors' loan accounts

198,653

108,437

647,641

537,850

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

3,354

942

Intercompany account

20,171

20,171

Tax

78,120

41,385

Social security and other taxes

10,446

12,065

Pension

3,629

3,197

Other creditors

20

606

Accruals and deferred income

3,000

3,000

118,740

81,366

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mrs B M Hulland

Balance outstanding at start of year

108,437

112,582

Amounts advanced

202,216

180,473

Amounts repaid

(112,000

)

(184,618

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

198,653

108,437

At 31 December 2024 Directors loan accounts has an overdrawn balance of £198,653 (2023: overdrawn by £108,437). The overdrawn amount will be repaid in full within nine months of the year end. Interest is charged on overdrawn amounts at the HMRC interest rate and is included in Other Debtors.

9.	RELATED PARTY DISCLOSURES

The company was under the control of B M Hulland throughout the current and previous year. B M Hulland

is the managing director and sole shareholder.

The balance owed from Moby Dick Limited, a company also under the control of B M Hulland, was £20,171 (2023: £20,171) at the year end..

Rents were paid to Hulland Investments Limited during the year to the sum of £28,800, a company also under the control of B M Hulland. The balance of £430,632 (2023: £407,277) was still outstanding at the year-end and is shown in other debtors.