FitzGerald Consulting Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04440627 (England and Wales)

FitzGerald Consulting Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

B W G Fitzgerald

C Emerson

G R Shurben

G C Williams

Registered office:

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Registered number:

04440627 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Tangible assets

4

130

783

Investments

5

1

1

131

784

Current assets

Debtors

6

256,935

379,069

Cash at bank

652,837

603,871

909,772

982,940

Creditors

Amounts falling due within one year

7

148,000

220,093

Net current assets

761,772

762,847

Total assets less current liabilities

761,903

763,631

Capital and reserves

Called up share capital

355

355

Capital redemption reserve

135

135

Retained earnings

761,413

763,141

761,903

763,631

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 2 May 2024 and were signed on its behalf by:

B W G Fitzgerald - Director

1.	Statutory information

FitzGerald 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 1021A "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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Investments in associates

Investments in associate undertakings are recognised at cost.

Taxation

Taxation for the year comprises current 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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Accounting judgements and key sources of estimation uncertainty

Preparation of the financial statements requires management to make significant judgements and estimates in determining the carrying amounts of certain assets and liabilities. Management makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The management's estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically. This disclosure excludes uncertainty over future events and judgement in respect of measuring financial instruments.

Bad debt provision

There is estimation uncertainty in calculating bad debt provisions. Review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Depreciation

The company's tangible assets are depreciated on a straight line basis over their useful economic lives. Management reviews the appropriateness of assets' useful economic lives at least annually and any changes could affect prospective depreciation rates and asset carrying values.

3.	Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 January 2023

and 31 December 2023

2,669

8,357

11,026

Depreciation

At 1 January 2023

2,669

7,574

10,243

Charge for year

-

653

653

At 31 December 2023

2,669

8,227

10,896

Net book value

At 31 December 2023

-

130

130

At 31 December 2022

-

783

783

5.	Fixed asset investments

Interest in

associate

£

Cost

At 1 January 2023

and 31 December 2023

1

Net book value

At 31 December 2023

1

At 31 December 2022

1

6.

Debtors: amounts falling due within one year

2023

2022

£

£

Trade debtors

189,762

233,582

Other debtors

67,173

145,487

256,935

379,069

7.

Creditors: amounts falling due within one year

2023

2022

£

£

Trade creditors

42,429

102,733

Taxation and social security

82,322

94,959

Other creditors

23,249

22,401

148,000

220,093

8.	Related party disclosures

During the year, total dividends of £117,000 (2022: £114,000) were paid to the directors.

During the year the directors made advances to the company. At the year end the company owed the directors £4,822 (2022: £4,833).

At the balance sheet date, the amount owed to the company by F C Espana was £2,258 (2022: £720) .

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

Value:

90

A Ordinary

£1

90

90

40

B Ordinary

£1

40

40

90

D Ordinary

£1

90

90

87

F Ordinary

£1

87

87

44

I Ordinary

£1

44

44

1

J Ordinary

£1

1

1

1

K Ordinary

£1

1

1

1

L Ordinary

£1

1

1

1

M Ordinary

£1

1

1

355

355