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Registered number: 10590055
Fathom Consultancy Solutions Limited
Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10590055
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,066 1,421
Right-of-use Assets 5 30,802 -
31,868 1,421
CURRENT ASSETS
Debtors 7 31,799 20,401
Cash at bank and in hand 54,604 22,097
86,403 42,498
Creditors: Amounts Falling Due Within One Year 8 (39,816 ) (15,356 )
NET CURRENT ASSETS (LIABILITIES) 46,587 27,142
TOTAL ASSETS LESS CURRENT LIABILITIES 78,455 28,563
Creditors: Amounts Falling Due After More Than One Year 9 (22,488 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (202 ) (1,420 )
NET ASSETS 55,765 27,143
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 55,665 27,043
SHAREHOLDERS' FUNDS 55,765 27,143
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For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
S W Laird
Director
07/10/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fathom Consultancy Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10590055 . The registered office is 2 Yeldon Close, Sunderland, England, SR2 0LU.
2. Accounting Policies
2.1. Early Adoption of Amendments to FRS 102 (Periodic Review 2024)
The company has early adopted the amendments to FRS 102, arising from the Financial Reporting Council's Periodic Review 2024, issued in March 2024. These amendments are effective for accounting periods beginning on or after 1 January 2026, but the company has elected to apply them in these financial statements for the year ended 31 March 2026.
The amendments primarily affect the company's accounting for lease accounting.
The impact of early adoption has resulted in the company recognising a right-of-use asset with a carrying value of £30,802 and lease liabilities totalling £29,288 at 31 March 2026. During the year depreciation of £655 and finance costs of £199 were recognised in respect of the lease arrangement.
On transition to the amended lease accounting requirements, the company applied the modified retrospective approach. Comparative information has not been restated. The cumulative effect of initially applying the amendments was recognised at the date of initial application.
2.2. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.3. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
In assessing whether the going concern assumption is appropriate, the directors have considered all available information about the future, which is at least, but is not limited to, 12 months from the date when the financial statements are authorised for issue.
2.4. 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery over 5 years
Leased Vehicle over the lease term
2.6. Leases
At the commencement date of a lease, the company recognises a right-of-use asset and corresponding lease liability. The right-of-use asset is depreciated over the lease term and the lease liability is measured at the present value of future lease payments. Interest is recognised on the lease liability using the effective interest method.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2025: NIL)
1 -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2025 5,566
As at 31 March 2026 5,566
Depreciation
As at 1 April 2025 4,145
Provided during the period 355
As at 31 March 2026 4,500
Net Book Value
As at 31 March 2026 1,066
As at 1 April 2025 1,421
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5. Right-of-use Assets
Motor Vehicles
£
Cost
As at 1 April 2025 -
Additions 31,457
As at 31 March 2026 31,457
Depreciation
As at 1 April 2025 -
Provided during the period 655
As at 31 March 2026 655
Net Book Value
As at 31 March 2026 30,802
As at 1 April 2025 -
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 28,941 17,475
Other debtors 2,858 2,926
31,799 20,401
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Lease liabilities 6,800 -
Trade creditors 8,359 -
Other creditors 218 928
Taxation and social security 24,439 14,428
39,816 15,356
9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Lease liabilities 22,488 -
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10. Lease Liabilities
2026 2025
£ £
Not later than one year 6,800 -
Later than one year and not later than five years 22,488 -
29,288 -
11. Deferred Taxation
The provision for deferred tax is made up as follows:
2026 2025
£ £
Other timing differences 202 1,420
12. Share Capital
2026 2025
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
13. Directors Advances, Credits and Guarantees
Included within Debtors is an amount of £557 (2025: £636 owed to) owed by the director as at the balance sheet date.
14. Dividends
2026 2025
£ £
On equity shares:
Interim dividend paid 19,000 -
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