ERUDITE CONSULTANTS LTD
ERUDITE CONSULTANTS LTD
Registered number: 04869215
Unaudited Financial Statements
For The Year Ended 31 August 2023
ERUDITE CONSULTANTS LTD
Contents
Contents
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—4 |
ERUDITE CONSULTANTS LTD
Balance Sheet
As At
31 August 2023
Balance Sheet
Registered number:
04869215
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 4 |
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CURRENT ASSETS | |||||
Debtors | 5 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 6 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET LIABILITIES |
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CAPITAL AND RESERVES | |||||
Called up share capital | 7 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | (21,393) | (21,050) | |||
ERUDITE CONSULTANTS LTD
Balance Sheet (continued)
As At
31 August 2023
On behalf of the board
Director
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The notes on pages 3 to 4 form part of these financial statements.
ERUDITE CONSULTANTS LTD
Notes to the Financial Statements
For The Year Ended 31 August 2023
Notes to the Financial Statements
1.
General Information
ERUDITE CONSULTANTS LTD
is a private company, limited by shares, incorporated in England & Wales, registered number
04869215
. The registered office is Elscot House, Arcadia Avenue, London, N3 2JU.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings |
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Computer Equipment |
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2.4.
Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
4.
Tangible Assets
Fixtures & Fittings | Computer Equipment | Total | |
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Cost | |||
As at 1 September 2022 |
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As at 31 August 2023 |
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Depreciation | |||
As at 1 September 2022 |
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Provided during the period |
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As at 31 August 2023 |
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Net Book Value | |||
As at 31 August 2023 |
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As at 1 September 2022 |
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ERUDITE CONSULTANTS LTD
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2023
5.
Debtors
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Due within one year | |||
Prepayments and accrued income |
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VAT |
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6.
Creditors: Amounts Falling Due Within One Year
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Other creditors |
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Shareholders funds |
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