Ekim Consulting Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10092064 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2021

for

Ekim Consulting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M A Hollin

REGISTERED OFFICE:

40 St James Buildings

St James Street

Taunton

Somerset

TA1 1JR

REGISTERED NUMBER:

10092064 (England and Wales)

ACCOUNTANTS:

Cooper Associates Accountants Ltd

40 St James Buildings

St James Street

Taunton

Somerset

TA1 1JR

FIXED ASSETS

Tangible assets

4

2,751

-

CURRENT ASSETS

Debtors

5

436,945

187,026

Cash at bank

281,148

326,494

718,093

513,520

CREDITORS

Amounts falling due within one year

6

536,442

364,325

NET CURRENT ASSETS

181,651

149,195

TOTAL ASSETS LESS CURRENT LIABILITIES

184,402

149,195

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

184,401

149,194

184,402

149,195

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 13 April 2022 and were signed by:

M A Hollin - Director

1.	STATUTORY INFORMATION

Ekim 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2020 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2021

372

Additions

3,669

At 31 December 2021

4,041

DEPRECIATION

At 1 January 2021

372

Charge for year

918

At 31 December 2021

1,290

NET BOOK VALUE

At 31 December 2021

2,751

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

434,949

176,901

Other debtors

1,996

10,125

436,945

187,026

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

130,997

85,558

Taxation and social security

111,032

101,320

Other creditors

294,413

177,447

536,442

364,325