Consolenet Limited - Filleted accounts

Registered number

07105339

Consolenet Limited

Unaudited Filleted Accounts

for the year ended 31 December 2024

Consolenet Limited
Registered number:		07105339
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		6,150			6,679

Current assets
Stocks		59,601			6,788
Debtors	4	23,998			27,917
Cash at bank and in hand		12,271			18,405
		95,870			53,110

Creditors: amounts falling due within one year	5	(75,451)			(25,909)

Net current assets			20,419			27,201

Total assets less current liabilities			26,569			33,880

Creditors: amounts falling due after more than one year	6		(15,833)			(25,833)

Provisions for liabilities			(1,075)			(1,122)


Net assets			9,661			6,925

Capital and reserves
Called up share capital			1			1
Profit and loss account			9,660			6,924

Shareholder's funds			9,661			6,925

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


A Bakhshian
Director
Approved by the board on 28 September 2025

Consolenet Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixture, fittings & equipment	25% Reducing balance


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		2		2


3	Tangible fixed assets
					Fixture, fittings & equipment
£
	Cost
	At 1 January 2024				14,455
	Additions				1,521
	At 31 December 2024				15,976

	Depreciation
	At 1 January 2024				7,776
	Charge for the year				2,050
	At 31 December 2024				9,826

	Net book value
	At 31 December 2024				6,150
	At 31 December 2023				6,679


4	Debtors		2024		2023
£				£

	Other debtors		23,998		27,917


5	Creditors: amounts falling due within one year		2024		2023
£				£

	Taxation and social security costs		872		269
	Other creditors		74,579		25,640
			75,451		25,909


6	Creditors: amounts falling due after one year		2024		2023
£				£

	Bank loans		15,833		25,833


7	Other information

	Consolenet Limited is a private company limited by shares and incorporated in England. Its registered office is:

	Rosedean House
	4 Argyle Road
	Barnet
	Herts
	EN5 4DX