Ramsay McMichael Consulting Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: SC246396 (Scotland)

Unaudited Financial Statements

for the Period 1 May 2022 to 30 June 2023

for

Ramsay McMichael Consulting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Ramsay

S McMichael

REGISTERED OFFICE:

The Connect Building

59 Bath Street

Glasgow

G2 2DH

REGISTERED NUMBER:

SC246396 (Scotland)

ACCOUNTANTS:

The Kelvin Partnership Ltd

Chartered Accountants

The Cooper Building

505 Great Western Road

Glasgow

G12 8HN

FIXED ASSETS

Tangible assets

4

6,443

929

CURRENT ASSETS

Stocks

49,400

20,176

Debtors

5

161,011

299,897

Cash at bank

239,785

65,992

450,196

386,065

CREDITORS

Amounts falling due within one year

6

197,116

265,327

NET CURRENT ASSETS

253,080

120,738

TOTAL ASSETS LESS CURRENT LIABILITIES

259,523

121,667

CREDITORS

Amounts falling due after more than one year

7

-

(54,000

)

PROVISIONS FOR LIABILITIES

(1,329

)

-

NET ASSETS

258,194

67,667

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

258,094

67,567

258,194

67,667

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2023 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 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 Board of Directors and authorised for issue on 19 March 2024 and were signed on its behalf by:

S McMichael - Director

1.	STATUTORY INFORMATION

Ramsay McMichael Consulting Limited is a private company, limited by shares , registered in Scotland. 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.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period 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 period 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 period was 13 (2022 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2022

37,316

Additions

9,450

At 30 June 2023

46,766

DEPRECIATION

At 1 May 2022

36,387

Charge for period

3,936

At 30 June 2023

40,323

NET BOOK VALUE

At 30 June 2023

6,443

At 30 April 2022

929

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.4.22

£

£

Trade debtors

159,367

228,171

Amounts owed by group undertakings

-

71,726

Other debtors

1,644

-

161,011

299,897

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.4.22

£

£

Bank loans and overdrafts

2,388

18,000

Trade creditors

7,616

16,130

Taxation and social security

171,277

165,918

Other creditors

15,835

65,279

197,116

265,327

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.23

30.4.22

£

£

Bank loans

-

54,000