505A CONSULTING LIMITED Filleted accounts for Companies House (small and micro)

505A CONSULTING LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08804921

505A CONSULTING LIMITED

Filleted Unaudited Financial Statements

31 December 2022

505A CONSULTING LIMITED

Statement of Financial Position

31 December 2022

	2022		2021
Note	£	£	£

Current assets

Debtors	4	1,004,932	899,726
Investments	5	2,787,332	1,786,832
Cash at bank and in hand		432,107	518,582
		------------	------------
		4,224,371	3,205,140

Creditors: amounts falling due within one year	6	272,345		248,623
		------------		------------
Net current assets			3,952,026	2,956,517
			------------	------------
Total assets less current liabilities			3,952,026	2,956,517
			------------	------------
Net assets			3,952,026	2,956,517
			------------	------------

Capital and reserves

Called up share capital	60	60
Profit and loss account	3,951,966	2,956,457
	------------	------------
Shareholders funds	3,952,026	2,956,517
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 28 September 2023 , and are signed on behalf of the board by:

Mrs H J Adams
Director

Company registration number: 08804921

505A CONSULTING LIMITED

Notes to the Financial Statements

Year ended 31st December 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alex House, 260-268 Chapel street, Salford, Manchester, M3 5JZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

4. Debtors

	2022	2021
	£	£
Other debtors	1,004,932	899,726
	------------	---------

5. Investments

	2022	2021
	£	£
Other investments	2,787,332	1,786,832
	------------	------------

6. Creditors: amounts falling due within one year

	2022	2021
	£	£
Social security and other taxes	270,845	247,123
Other creditors	1,500	1,500
	---------	---------
	272,345	248,623
	---------	---------

7. Related party transactions

Mrs H J Adams is the managing director. No transactions with related parties were undertaken such as are required to be disclosed.