| Economy Consulting Limited |
| Registered number: |
11674992 |
| Balance Sheet |
| as at 31 March 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,030 |
|
|
163 |
|
| Current assets |
| Debtors |
4 |
|
- |
|
|
3,600 |
| Investments held as current assets |
5 |
|
2,998 |
|
|
- |
| Cash at bank and in hand |
|
|
8,833 |
|
|
8,790 |
|
|
|
11,831 |
|
|
12,390 |
|
| Creditors: amounts falling due within one year |
6 |
|
(7,760) |
|
|
(3,832) |
|
| Net current assets |
|
|
|
4,071 |
|
|
8,558 |
|
| Net assets |
|
|
|
5,101 |
|
|
8,721 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
10 |
|
|
10 |
| Revaluation reserve |
7 |
|
|
2,987 |
|
|
- |
| Profit and loss account |
|
|
|
2,104 |
|
|
8,711 |
|
| Shareholder's funds |
|
|
|
5,101 |
|
|
8,721 |
|
|
|
|
|
|
|
|
| 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 his 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. |
|
|
|
|
| Dr. M J H Vaughan |
| Director |
| Approved by the board on 17 October 2026 |
|
| Economy Consulting Limited |
| Notes to the Accounts |
| for the year ended 31 March 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less cumulative depreciation and any cumulative 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: |
|
|
Fixtures, fittings, tools and equipment 25% reducing balance (25% straight line from 2025) |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
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. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 April 2025 |
811 |
|
Additions |
1,086 |
|
At 31 March 2026 |
1,897 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2025 |
648 |
|
Charge for the year |
219 |
|
At 31 March 2026 |
867 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2026 |
1,030 |
|
At 31 March 2025 |
163 |
|
|
| 4 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade debtors |
- |
|
3,600 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Investments held as current assets |
2026 |
|
2025 |
| £ |
£ |
|
Fair value |
|
Unlisted investments |
2,998 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade creditors |
2,430 |
|
1,032 |
|
Corporation tax |
5,357 |
|
2,800 |
|
Other creditors |
(27) |
|
- |
|
|
|
|
|
|
7,760 |
|
3,832 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Revaluation reserve |
2026 |
|
2025 |
| £ |
£ |
|
|
Gain on revaluation of investments |
2,987 |
|
- |
|
|
At 31 March 2026 |
2,987 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
Economy Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
2 Hinksey Court |
|
Church Way |
|
Oxford |
|
Oxfordshire |
|
OX2 9SX |