Company registration number SC589681 (Scotland)
Dion Consulting Ltd
Annual report and unaudited financial statements
for the year ended 31 March 2022
Pages for filing with registrar
Dion Consulting Ltd
Chartered Accountants' report to the board of directors on the preparation of the
unaudited statutory financial statements of Dion Consulting Ltd
1
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dion Consulting Ltd for the year ended 31 March 2022 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-j
une
-20
20
.
This report is made solely to the Board of Directors of Dion Consulting Ltd, as a body, in accordance with the terms of our engagement letter dated 3 November 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Dion Consulting Ltd and state those matters that we have agreed to state to the Board of Directors of Dion Consulting Ltd, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-j
une
-20
20
.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dion Consulting Ltd and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Dion Consulting Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets,
liabilities, financial position and profit
of Dion Consulting Ltd. You consider that Dion Consulting Ltd is exempt from the statutory audit
requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Dion Consulting Ltd. For this reason, we have not verified the accuracy or completeness of the
accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
James Milne
Chartered Accountants
Rosewood
Raemoir Road
Banchory
AB31 4ET
21 December 2022
Dion Consulting Ltd
Statement of financial position
as at 31 March 2022
31 March 2022
2
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
285
Current assets
Debtors
18,145
16,007
Cash at bank and in hand
13,537
38,401
31,682
54,408
Creditors: amounts falling due within one year
(21,096)
(24,283)
Net current assets
10,586
30,125
Net assets
10,586
30,410
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
10,486
30,310
Total equity
10,586
30,410
In accordance with section 444 of the Companies Act 2006, all
of
the members of the company have consented to the
preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.
true
For the financial year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their 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.
Dion Consulting Ltd
Statement of financial position (continued)
as at 31 March 2022
31 March 2022
3
The financial statements were approved by the board of directors and authorised for issue on 20 December 2022 and are signed on its behalf by:
Trudy V Dymock
Director
Company Registration No. SC589681
Dion Consulting Ltd
Notes to the financial statements
for the year ended 31 March 2022
4
1
Accounting policies
Company information
Dion Consulting Ltd is a
private
company
limited by shares
incorporated in
Scotland
.
The registered office is
Rosewood, Raemoir Road, Banchory, Kincardineshire, AB31 4ET.
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.
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 goods and services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
1.3
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:
Computers
3 years 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
.
1.4
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the
income statement
because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Dion Consulting Ltd
Notes to the financial statements (continued)
for the year ended 31 March 2022
5
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
1
1
3
Tangible fixed assets
Total
£
Cost
At 1 April 2021 and 31 March 2022
1,287
Depreciation and impairment
At 1 April 2021
1,002
Depreciation charged in the year
285
At 31 March 2022
1,287
Carrying amount
At 31 March 2022
At 31 March 2021
285
4
Directors' transactions
Description
Opening credit balance
Amounts advanced
Amounts repaid
Closing credit balance
£
£
£
£
Trudy V Dymock - Director's loan
130
80,945
(79,014)
2,061
130
80,945
(79,014)
2,061