Explicatio Consulting Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08202553 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2019

for

Explicatio Consulting Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R M Brailsford

Mrs P C Brailsford

SECRETARY:

REGISTERED OFFICE:

6 High Street

Wheathampstead

Hertfordshire

AL4 8AA

REGISTERED NUMBER:

08202553 (England and Wales)

ACCOUNTANTS:

Fenlon & Co

Chartered Certified Accountants

6 High Street

Wheathampstead

Hertfordshire

AL4 8AA

FIXED ASSETS

Tangible assets

4

1,510

1,265

CURRENT ASSETS

Debtors

5,223

20

Cash at bank

26,658

21,671

31,881

21,691

CREDITORS

Amounts falling due within one year

12,616

11,494

NET CURRENT ASSETS

19,265

10,197

TOTAL ASSETS LESS CURRENT LIABILITIES

20,775

11,462

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

20,675

11,362

SHAREHOLDERS' FUNDS

20,775

11,462

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 14 January 2020 and were signed on its behalf by:

R M Brailsford - Director

1.	STATUTORY INFORMATION

Explicatio Consulting Limited is a private company limited by shares and incorporated in

England. Its registered office is Rivermill House, 6 High Street, Wheathampstead, Herts,

AL4 8AA.

The financial statements are presented in Sterling, which is the functional currency of the

company.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable, having

regard for contractual obligations. Revenue is reduced for estimated customer returns,

rebates and other similar allowances. Revenue from the sale of goods is recognised when

goods are delivered and legal title has passed.

Tangible fixed assets

Tangible fixed assets held for the company's own use are stated at cost less accumulated

depreciation and accumulated impairment losses. Depreciation is provided at rates

calculated to write off the cost of fixed assets, less their estimated residual value, over their

expected useful lives at the following rates: - Computer Equipment - 25% on reducing

balance basis.

Assets held under finance leases are depreciated in the same way as owned assets.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed

assets to determine whether there is any indication that any items have suffered an

impairment loss. If any such indication exists, the recoverable amount of an asset is

estimated in order to determine the extent of the impairment loss, if any. Where it is not

possible to estimate the recoverable amount of the asset, the company estimates the

recoverable amount of the cash-generating unit to which the asset belongs.

Taxation

Taxation represents the sum of tax currently payable and deferred tax.

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 all timing differences between the carrying amounts of assets

and liabilities in the financial statements and the corresponding tax bases in the computation

of taxable profit. 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which

they relate

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2018

3,623

Additions

748

At 30 September 2019

4,371

DEPRECIATION

At 1 October 2018

2,358

Charge for year

503

At 30 September 2019

2,861

NET BOOK VALUE

At 30 September 2019

1,510

At 30 September 2018

1,265

5.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme on behalf of its Directors.

The assets of the scheme are held separately from those of the company in an

independently administered fund. No contributions were outstanding at the balance sheet

date.