ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

Company registration number: 12084836

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE PERIOD ENDED 31 MARCH 2025

	NEW VANTAGE CONSULTING LIMITED


NEW VANTAGE CONSULTING LIMITED

COMPANY INFORMATION

Directors	R T S Campbell
	R E Campbell


Registered number	12084836


Registered office	Richmond House
	Walkern Road
	Stevenage
	SG1 3QP


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	SG1 3QP


NEW VANTAGE CONSULTING LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


NEW VANTAGE CONSULTING LIMITED REGISTERED NUMBER:12084836

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

	31 March	31 July
	2025	2024
Note	£	£

Fixed assets
Tangible assets	4		2,726		3,454
			2,726		3,454
Current assets
Debtors: amounts falling due within one year	5	67,024		96,740
Cash at bank and in hand		139,608		59,838
		206,632		156,578
Creditors: amounts falling due within one year	6	(77,317)		(65,670)
Net current assets			129,315		90,908
Total assets less current liabilities			132,041		94,362

Net assets			132,041		94,362

Capital and reserves
Called up share capital	100	100
Profit and loss account	131,941	94,262
	132,041	94,362

Page 1


NEW VANTAGE CONSULTING LIMITED REGISTERED NUMBER:12084836

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

R E Campbell

Director

Date: 24 November 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2


NEW VANTAGE CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

1.	General information

New Vantage 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.
The presentation currency of the financial statements is the Pound Sterling (£).
The period covered by the financial statements is the 8 month period from 1 August 2024 to 31 March 2025. The directors have chosen to shorten the financial reporting date to 31 March of each year. The shortened period should be taken into account when reviewing the comparative information within the financial statements

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 3


NEW VANTAGE CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	33%
				Computer equipment	-	33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Employees

The average monthly number of employees, including directors, during the period was 2 (2024 - 2).

Page 4


NEW VANTAGE CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

4.	Tangible fixed assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 August 2024	1,350	9,103	10,453
Additions	-	1,356	1,356
At 31 March 2025	1,350	10,459	11,809
Depreciation
At 1 August 2024	945	6,054	6,999
Charge for the period on owned assets	235	1,849	2,084
At 31 March 2025	1,180	7,903	9,083
Net book value
At 31 March 2025	170	2,556	2,726
At 31 July 2024	405	3,049	3,454

Debtors

					31 March	31 July
					2025	2024
					£	£


Trade debtors	67,024	96,740
	67,024	96,740

Corporation tax	60,885	40,168
Other taxation and social security	14,548	18,571
Other creditors	584	5,631
Accruals and deferred income	1,300	1,300
	77,317	65,670

Page 5


NEW VANTAGE CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

7.	Related party transactions
	At the balance sheet date the company owed £584 (2024: £5,631) to the directors. The balance can be found within creditors due within one year. No interest is being charged on this loan.

Page 6