Company Registration No. 03223954 (England and Wales)
H4 CONSULTING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022
PAGES FOR FILING WITH REGISTRAR
H4 CONSULTING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
H4 CONSULTING LIMITED (REGISTERED NUMBER: 03223954)
BALANCE SHEET
AS AT
31 JULY 2022
31 July 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Intangible assets
3
2,458
2,931
Tangible assets
4
3,658
5,079
6,116
8,010
Current assets
Debtors
5
53,860
83,107
Cash at bank and in hand
90,146
81,816
144,006
164,923
Creditors: amounts falling due within one year
6
(92,700)
(118,369)
Net current assets
51,306
46,554
Total assets less current liabilities
57,422
54,564
Creditors: amounts falling due after more than one year
7
(29,097)
(38,885)
Provisions for liabilities
(697)
Net assets
27,628
15,679
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
27,528
15,579
Total equity
27,628
15,679
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
H4 CONSULTING LIMITED (REGISTERED NUMBER: 03223954)
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2022
31 July 2022
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 15 February 2023
Mr G Middleton
Director
H4 CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022
- 3 -
1
Accounting policies
Company information
H4 Consulting Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
1 Westmoreland Terrace, London, SW1V 4AG.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business
, and
is shown net of VAT
.
1.3
Intangible fixed assets other than goodwill
Intangible assets
are initially measured at cost and subsequently measured at cost or valuation, net of
amortisation
and any impairment losses.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Website
10% straight line
1.4
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% reducing balance
Office equipment
33% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.5
Taxation
The tax expense represents the sum of the tax currently payable
and deferred taxation.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
H4 CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2022
1
Accounting policies
(Continued)
- 4 -
1.7
Government grants
Government grants are recognised at the fair value of the asset receive
d
or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met
. Where a
grant does not specify performance conditions
it
is recognised in income when the proceeds are received or receivable
. A grant received before the recognition criteria are satisfied is recognised as a liability.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
2
2
3
Intangible fixed assets
Website
£
Cost
At 1 August 2021 and 31 July 2022
4,724
Amortisation and impairment
At 1 August 2021
1,793
Amortisation charged for the year
473
At 31 July 2022
2,266
Carrying amount
At 31 July 2022
2,458
At 31 July 2021
2,931
H4 CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2022
- 5 -
4
Tangible fixed assets
Fixtures and fittings
Office equipment
Total
£
£
£
Cost
At 1 August 2021
3,343
128,872
132,215
Additions
599
599
At 31 July 2022
3,343
129,471
132,814
Depreciation and impairment
At 1 August 2021
70
127,066
127,136
Depreciation charged in the year
818
1,202
2,020
At 31 July 2022
888
128,268
129,156
Carrying amount
At 31 July 2022
2,455
1,203
3,658
At 31 July 2021
3,273
1,806
5,079
5
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
13,287
39,599
Other debtors
40,573
43,508
53,860
83,107
6
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
9,788
9,574
Trade creditors
5,008
9,114
Taxation and social security
24,141
19,144
Other creditors
53,763
80,537
92,700
118,369
H4 CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2022
- 6 -
7
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
29,097
38,885