Oarfish Consultants Limited - Filleted accounts

Registered number

06249285

Oarfish Consultants Limited

Unaudited Filleted Accounts

31 May 2025

Oarfish Consultants Limited
Registered number:		06249285
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		119			524

Current assets
Debtors	4	10,451			11,569
Cash at bank and in hand		37,185			28,411
		47,636			39,980

Creditors: amounts falling due within one year	5	(34,557)			(31,526)

Net current assets			13,079			8,454

Total assets less current liabilities			13,198			8,978


Provisions for liabilities			(23)			(100)


Net assets			13,175			8,878

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			12,175			7,878

Shareholders' funds			13,175			8,878

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.




S Elmore				J Elmore
Director				Director
Approved by the board on 25 November 2025

Oarfish Consultants Limited
Notes to the Accounts
for the year ended 31 May 2025


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 rendering of services, which 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.

	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:

	Computer equipment	25% straight line
	Office equipment	25% straight line

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price).

	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.

	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			2025		2024
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Computer equipment		Office equipment		Total
£			£		£
	Cost
	At 1 June 2024	2,223		232		2,455
	At 31 May 2025	2,223		232		2,455

	Depreciation
	At 1 June 2024	1,757		174		1,931
	Charge for the year	347		58		405
	At 31 May 2025	2,104		232		2,336

	Net book value
	At 31 May 2025	119		-		119
	At 31 May 2024	466		58		524


4	Debtors			2025		2024
£					£

	Trade debtors			10,451		11,569


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Taxation and social security costs			26,298		24,242
	Other creditors			8,259		7,284
				34,557		31,526

	Included in other creditors are the balances on S Elmore's director's account of £6,388 (2024 £5,725) and J Elmore's director's account of £1,361 (2024 £1,049).

6	Other information

	Oarfish Consultants Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Ash Cottage
	Brainsmead
	Cuckfield
	Haywards Heath
	West Sussex
	RH17 5EX