Bradley Potts Consulting Limited Filleted accounts for Companies House (small and micro)

BRADLEY POTTS CONSULTING LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 06449826

Bradley Potts Consulting Limited

Filleted Unaudited Financial Statements

31 March 2023

Bradley Potts Consulting Limited

Financial Statements

Period from 1 January 2022 to 31 March 2023

Contents	Page

Statement of Financial Position	1

Notes to the Financial Statements	3

Bradley Potts Consulting Limited

Statement of Financial Position

31 March 2023

	31 Mar 23		31 Dec 21
Note	£	£	£

Fixed Assets

Tangible assets	5		4,568	5,784

Current Assets

Debtors	6	13	13
Cash at bank and in hand		70,423	77,027
		--------	--------
		70,436	77,040

Creditors: amounts falling due within one year	7	13,841		22,996
		--------		--------
Net Current Assets			56,595	54,044
			--------	--------
Total Assets Less Current Liabilities			61,163	59,828
			--------	--------
Net Assets			61,163	59,828
			--------	--------

Capital and Reserves

Called up share capital	100	100
Profit and loss account	61,063	59,728
	--------	--------
Shareholders Funds	61,163	59,828
	--------	--------

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 period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Bradley Potts Consulting Limited

Statement of Financial Position (continued)

31 March 2023

These financial statements were approved by the board of directors and authorised for issue on 13 September 2023 , and are signed on behalf of the board by:

M J Potts
Director

Company registration number: 06449826

Bradley Potts Consulting Limited

Notes to the Financial Statements

Period from 1 January 2022 to 31 March 2023

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 41 Greek Street, Stockport, Cheshire, SK3 8AX.

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.

Judgements and Key Sources of Estimation Uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	15% reducing balance
Equipment	-	33% straight line

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units .

4. Employee Numbers

The average number of persons employed by the company during the period amounted to 1 (2021: 1 ).

5. Tangible Assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 January 2022 and 31 March 2023	13,199	2,844	16,043
	--------	-------	--------
Depreciation
At 1 January 2022	7,904	2,355	10,259
Charge for the period	794	422	1,216
	--------	-------	--------
At 31 March 2023	8,698	2,777	11,475
	--------	-------	--------
Carrying amount
At 31 March 2023	4,501	67	4,568
	--------	-------	--------
At 31 December 2021	5,295	489	5,784
	--------	-------	--------

6. Debtors

	31 Mar 23	31 Dec 21
	£	£
Other debtors	13	13
	----	----

7. Creditors: amounts falling due within one year

	31 Mar 23	31 Dec 21
	£	£
Corporation tax	10,451	12,498
Social security and other taxes	2,499	9,213
Other creditors	891	1,285
	--------	--------
	13,841	22,996
	--------	--------

8. Directors' Advances, Credits and Guarantees

There were no directors advances,credits or guarantees in the current or previous year .

9. Related Party Transactions

The company is controlled by M J Potts and Mrs J M Bradley-Potts by virtue of their controlling interest. Dividends paid to the directors amounted to £42,000 (2021 - £54,000).