REGISTERED NUMBER: 09436224 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

300 North Consulting Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M Connolly

Mr P Connolly

REGISTERED OFFICE:

Suite 2b, Second Floor

North Lane House 9b North Lane

Headingley

Leeds

LS6 3HG

REGISTERED NUMBER:

09436224 (England and Wales)

ACCOUNTANTS:

Wild & Co Chartered Accountants

Windsor House

Cornwall Road

Harrogate

HG1 2PW

FIXED ASSETS

Tangible assets

4

78,182

102,491

CURRENT ASSETS

Debtors

456,004

421,680

Cash at bank

11,311

4,902

467,315

426,582

CREDITORS

Amounts falling due within one year

304,484

198,004

NET CURRENT ASSETS

162,831

228,578

TOTAL ASSETS LESS CURRENT LIABILITIES

241,013

331,069

CREDITORS

Amounts falling due after more than one year

(83,334

)

(96,951

)

PROVISIONS FOR LIABILITIES

6

(40,662

)

(22,507

)

NET ASSETS

117,017

211,611

CAPITAL AND RESERVES

Called up share capital

7

228

210

Retained earnings

116,789

211,401

SHAREHOLDERS' FUNDS

117,017

211,611

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 August 2025 and were signed on its behalf by:

Mr P Connolly - Director

1.	STATUTORY INFORMATION

300 North Consulting Ltd 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

-

Straight line over 3 years

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

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.

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.

Finance leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance lease are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest charged to profit and loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any l lease incentives received, are charged to the profit and loss on a straight line basis over the terms of the relevant lease except where another more systematic basis is more representative of the time pattern in which the economic benefits from the leases are consumed.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

192,821

Additions

2,447

At 31 March 2025

195,268

DEPRECIATION

At 1 April 2024

90,330

Charge for year

26,756

At 31 March 2025

117,086

NET BOOK VALUE

At 31 March 2025

78,182

At 31 March 2024

102,491

5.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Other loans

61,823

-

A factoring facility is in place. This is secured by way of a fixed charge over book debts and debentures.

6.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

17,175

22,507

Other provisions

23,487

-

40,662

22,507

Deferred

tax

Bad debt

£

£

Balance at 1 April 2024

22,507

-

(Credit)/charge to Income Statement during year

(5,332

)

23,487

Balance at 31 March 2025

17,175

23,487

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

95

A Ordinary shares

£1

95

95

95

B Ordinary shares

£1

95

95

38

C, D, E, F, G shares

£1

38

20

228

210

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mr P Connolly

Balance outstanding at start of year

(931

)

-

Amounts advanced

(87,318

)

(931

)

Amounts repaid

88,249

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(931

)

Mrs M Connolly

Balance outstanding at start of year

(360

)

-

Amounts advanced

(3,091

)

(360

)

Amounts repaid

3,451

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(360

)