ALEX FIRTH CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2023
1.Accounting policies
|
|
Basis of preparation of financial statements
|
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The presentational currency of the Company is GBP.
At the year end the Company had significant financial funds available. There were no materials uncertainties related to the events or conditions that cast significant doubt on the ability of the Company to continue in existence. The director believes the Company is a going concern.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
|
|
Cash and cash equivalents
|
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The Company is a private company, limited by shares and registered in England.
Its registered number is: 05695686
Its Registered Office is:
First Floor
28 Whitehorse Street
Baldock
SG7 6QQ
Page 3
|