Company registration number 03223954 (England and Wales)
H4 CONSULTING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
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
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,985
2,458
Tangible assets
4
3,015
3,658
5,000
6,116
Current assets
Debtors
5
50,864
53,860
Cash at bank and in hand
18,201
90,146
69,065
144,006
Creditors: amounts falling due within one year
6
(60,605)
(92,700)
Net current assets
8,460
51,306
Total assets less current liabilities
13,460
57,422
Creditors: amounts falling due after more than one year
7
(19,062)
(29,097)
Provisions for liabilities
(697)
Net (liabilities)/assets
(5,602)
27,628
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(5,702)
27,528
Total equity
(5,602)
27,628
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 2023 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.
The 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)
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 18 December 2023
Mr G Middleton
Director
H4 CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 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 amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.3
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.
1.4
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
1.5
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.
H4 CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred taxation.
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.8
Government grants
Government grants are recognised at the fair value of the asset received 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:
2023
2022
Number
Number
Total
3
2
3
Intangible fixed assets
Website
£
Cost
At 1 August 2022 and 31 July 2023
4,724
Amortisation and impairment
At 1 August 2022
2,266
Amortisation charged for the year
473
At 31 July 2023
2,739
Carrying amount
At 31 July 2023
1,985
At 31 July 2022
2,458
H4 CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 5 -
4
Tangible fixed assets
Fixtures and fittings
Office equipment
Total
£
£
£
Cost
At 1 August 2022
3,343
129,471
132,814
Additions
933
933
At 31 July 2023
3,343
130,404
133,747
Depreciation and impairment
At 1 August 2022
888
128,268
129,156
Depreciation charged in the year
614
962
1,576
At 31 July 2023
1,502
129,230
130,732
Carrying amount
At 31 July 2023
1,841
1,174
3,015
At 31 July 2022
2,455
1,203
3,658
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
2,592
13,287
Other debtors
44,419
40,573
47,011
53,860
2023
2022
Amounts falling due after more than one year:
£
£
Deferred tax asset
3,853
Total debtors
50,864
53,860
H4 CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 6 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
10,035
9,788
Trade creditors
5,000
5,008
Taxation and social security
4,400
24,141
Other creditors
41,170
53,763
60,605
92,700
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
19,062
29,097