Company Registration No. 03223954 (England and Wales)
H4 CONSULTING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021
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 2021
31 July 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Intangible assets
3
2,931
3,404
Tangible assets
4
5,079
4,107
8,010
7,511
Current assets
Debtors
5
83,107
64,345
Cash at bank and in hand
81,816
82,884
164,923
147,229
Creditors: amounts falling due within one year
6
(118,369)
(84,476)
Net current assets
46,554
62,753
Total assets less current liabilities
54,564
70,264
Creditors: amounts falling due after more than one year
7
(38,885)
(50,000)
Net assets
15,679
20,264
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
15,579
20,164
Total equity
15,679
20,264
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 2021 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 2021
31 July 2021
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 22 February 2022
Mr G Middleton
Director
H4 CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021
- 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
H4 CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2021
1
Accounting policies
(Continued)
- 4 -
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
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:
2021
2020
Number
Number
Total
2
1
3
Intangible fixed assets
Website
£
Cost
At 1 August 2020 and 31 July 2021
4,724
Amortisation and impairment
At 1 August 2020
1,320
Amortisation charged for the year
473
At 31 July 2021
1,793
Carrying amount
At 31 July 2021
2,931
At 31 July 2020
3,404
H4 CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2021
- 5 -
4
Tangible fixed assets
Fixtures and fittings
Office equipment
Total
£
£
£
Cost
At 1 August 2020
128,657
128,657
Additions
3,343
215
3,558
At 31 July 2021
3,343
128,872
132,215
Depreciation and impairment
At 1 August 2020
124,550
124,550
Depreciation charged in the year
70
2,516
2,586
At 31 July 2021
70
127,066
127,136
Carrying amount
At 31 July 2021
3,273
1,806
5,079
At 31 July 2020
4,107
4,107
5
Debtors
2021
2020
Amounts falling due within one year:
£
£
Trade debtors
39,599
17,976
Other debtors
43,508
46,369
83,107
64,345
6
Creditors: amounts falling due within one year
2021
2020
£
£
Bank loans and overdrafts
9,574
27
Trade creditors
9,114
9,628
Taxation and social security
19,144
17,469
Other creditors
80,537
57,352
118,369
84,476
H4 CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2021
- 6 -
7
Creditors: amounts falling due after more than one year
2021
2020
£
£
Bank loans and overdrafts
38,885
50,000