Approved Consultant Services Ltd 30/09/2024 iXBRL

Company registration number: 08707524

Approved Consultant Services Ltd

Unaudited filleted financial statements

30 September 2024

Approved Consultant Services Ltd

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Approved Consultant Services Ltd

Directors and other information


Directors	Mr J O Calland
	Mr P J Timmins	(Resigned 29 May 2025)
	Mr S J Remo	(Resigned 28 October 2024)


Company number	08707524


Registered office	71-75 Shelton Street
	Covent Garden
	London
	WC2H 9JQ

Approved Consultant Services Ltd

Statement of financial position

30 September 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	418,475		231,723
		_______		_______
			418,475		231,723

Current assets
Debtors	6	5,425,226		5,072,866
Cash at bank and in hand		245,546		213,113
		_______		_______
		5,670,772		5,285,979
Creditors: amounts falling due
within one year	7	( 2,110,809)		( 1,960,822)
		_______		_______
Net current assets			3,559,963		3,325,157
			_______		_______
Total assets less current liabilities			3,978,438		3,556,880

Creditors: amounts falling due
after more than one year	8		( 510,090)		( 399,524)
			_______		_______
Net assets			3,468,348		3,157,356
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			3,468,248		3,157,256
			_______		_______
Shareholders funds			3,468,348		3,157,356
			_______		_______

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 21 August 2025 , and are signed on behalf of the board by:

Mr J O Calland

Director

Company registration number: 08707524

Approved Consultant Services Ltd

Notes to the financial statements

Year ended 30 September 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	25 %	straight line
Motor vehicles	-	20 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 33 (2023: 27 ).

5. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 October 2023	33,448	224,995	258,443
Additions	2,362	221,097	223,459
	_______	_______	_______
At 30 September 2024	35,810	446,092	481,902
	_______	_______	_______
Depreciation
At 1 October 2023	26,720	-	26,720
Charge for the year	4,449	32,258	36,707
	_______	_______	_______
At 30 September 2024	31,169	32,258	63,427
	_______	_______	_______
Carrying amount
At 30 September 2024	4,641	413,834	418,475
	_______	_______	_______
At 30 September 2023	6,728	224,995	231,723
	_______	_______	_______

Obligations under finance leases

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:


		Motor vehicles
		£
	At 30 September 2024	188,839
		_______
	At 30 September 2023	-
		_______

6. Debtors

	2024	2023
	£	£
Trade debtors	40,786	21,792
Other debtors	5,384,440	5,051,074
	_______	_______
	5,425,226	5,072,866
	_______	_______

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	507,895	442,335
Trade creditors	91,142	12,404
Corporation tax	672,134	662,965
Social security and other taxes	176,880	162,971
Other creditors	662,758	680,147
	_______	_______
	2,110,809	1,960,822
	_______	_______

Merchant Money Ltd has a debenture dated 18 April 2023 over all monies due or to become due from the company.

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	323,593	399,524
Other creditors	186,497	-
	_______	_______
	510,090	399,524
	_______	_______

Merchant Money Ltd has a debenture dated 18 April 2023 over all monies due or to become due from the company.

9. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	48,936	37,828
Later than 1 year and not later than 5 years	36,082	19,468
	_______	_______
	85,018	57,296
	_______	_______

10. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr J O Calland	606,284	694,650	( 606,284)	694,650
	Mr P J Timmins	274,372	353,415	( 274,372)	353,415
	Mr S J Remo	275,087	354,131	( 275,087)	354,131
		_______	_______	_______	_______
		1,155,743	1,402,196	( 1,155,743)	1,402,196
		_______	_______	_______	_______

2023
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr J O Calland	623,790	606,284	( 623,790)	606,284
	Mr P J Timmins	76,872	274,372	( 76,872)	274,372
	Mr S J Remo	77,587	275,087	( 77,587)	275,087
		_______	_______	_______	_______
		778,249	1,155,743	( 778,249)	1,155,743
		_______	_______	_______	_______