Company Registration No. 6256381 (England and Wales)
CAMOMILE CONSULTING LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
PAGES FOR FILING WITH REGISTRAR
CAMOMILE CONSULTING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
CAMOMILE CONSULTING LIMITED
BALANCE SHEET
AS AT
31 MARCH 2022
31 March 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,327
1,042
Investments
4
228,096
248,644
229,423
249,686
Current assets
Debtors
5
548
386
Cash at bank and in hand
16,863
33,136
17,411
33,522
Creditors: amounts falling due within one year
6
(867)
(6,813)
Net current assets
16,544
26,709
Total assets less current liabilities
245,967
276,395
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
245,867
276,295
Total equity
245,967
276,395

The directors of the company have elected not to include a copy of the profit and loss account 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.

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.

The financial statements were approved by the board of directors and authorised for issue on 11 August 2022 and are signed on its behalf by:
Mrs H Spain
Director
Company Registration No. 6256381
CAMOMILE CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
- 2 -
1
Accounting policies
Company information

Camomile Consulting Limited is a private company limited by shares incorporated in England and Wales. The registered office is 227A West Street, Fareham, Hants, PO16 0HZ.

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 £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. 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. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

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:

Fixtures and fittings
25% reducing balance

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
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

CAMOMILE CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account 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.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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
CAMOMILE CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2021
5,458
Additions
727
At 31 March 2022
6,185
Depreciation and impairment
At 1 April 2021
4,416
Depreciation charged in the year
442
At 31 March 2022
4,858
Carrying amount
At 31 March 2022
1,327
At 31 March 2021
1,042
4
Fixed asset investments
2022
2021
£
£
Other investments other than loans
228,096
248,644
Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 April 2021
248,644
Disposals
(20,548)
Carrying amount
At 31 March 2022
228,096
At 31 March 2021
248,644
CAMOMILE CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 5 -
5
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
295
115
Other debtors
253
271
548
386
6
Creditors: amounts falling due within one year
2022
2021
£
£
Corporation tax
(1,158)
5,205
Other creditors
2,025
1,608
867
6,813
2022-03-312021-04-01false11 August 2022CCH SoftwareCCH Accounts Production 2022.100No description of principal activityMrs H SpainMr M SpainMrs A Evans62563812021-04-012022-03-3162563812022-03-3162563812021-03-316256381core:OtherPropertyPlantEquipment2022-03-316256381core:OtherPropertyPlantEquipment2021-03-316256381core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-316256381core:CurrentFinancialInstrumentscore:WithinOneYear2021-03-316256381core:CurrentFinancialInstruments2022-03-316256381core:CurrentFinancialInstruments2021-03-316256381core:ShareCapital2022-03-316256381core:ShareCapital2021-03-316256381core:RetainedEarningsAccumulatedLosses2022-03-316256381core:RetainedEarningsAccumulatedLosses2021-03-316256381bus:Director12021-04-012022-03-316256381core:FurnitureFittings2021-04-012022-03-3162563812020-04-012021-03-316256381core:OtherPropertyPlantEquipment2021-03-316256381core:OtherPropertyPlantEquipment2021-04-012022-03-316256381core:WithinOneYear2022-03-316256381core:WithinOneYear2021-03-316256381bus:PrivateLimitedCompanyLtd2021-04-012022-03-316256381bus:SmallCompaniesRegimeForAccounts2021-04-012022-03-316256381bus:FRS1022021-04-012022-03-316256381bus:AuditExemptWithAccountantsReport2021-04-012022-03-316256381bus:Director22021-04-012022-03-316256381bus:CompanySecretary12021-04-012022-03-316256381bus:FullAccounts2021-04-012022-03-31xbrli:purexbrli:sharesiso4217:GBP