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REGISTERED NUMBER: 05335747 (England and Wales)















CUDD BENTLEY CONSULTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022






CUDD BENTLEY CONSULTING LIMITED (REGISTERED NUMBER: 05335747)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CUDD BENTLEY CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: S A R Bainbridge
G R Gower
S Pathak
R Davies





REGISTERED OFFICE: Ashurst Manor, Ashurst Park
Church Lane
Sunninghill
Ascot
Berkshire
SL5 7DD





REGISTERED NUMBER: 05335747 (England and Wales)





ACCOUNTANTS: Murphy Salisbury Limited
Chartered Accountants
15 Warwick Road
Stratford upon Avon
Warwickshire
CV37 6YW

CUDD BENTLEY CONSULTING LIMITED (REGISTERED NUMBER: 05335747)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 2,681
- 2,681

CURRENT ASSETS
Debtors 6 1,684,763 1,720,362
Cash in hand 1,808,524 1,154,472
3,493,287 2,874,834
CREDITORS
Amounts falling due within one year 7 1,417,357 1,063,959
NET CURRENT ASSETS 2,075,930 1,810,875
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,075,930

1,813,556

CREDITORS
Amounts falling due after more than one
year

8

195,000

300,000
NET ASSETS 1,880,930 1,513,556

CAPITAL AND RESERVES
Called up share capital 10,800 10,800
Share premium 11,200 11,200
Retained earnings 1,858,930 1,491,556
SHAREHOLDERS' FUNDS 1,880,930 1,513,556

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CUDD BENTLEY CONSULTING LIMITED (REGISTERED NUMBER: 05335747)

BALANCE SHEET - continued
31 MARCH 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2022 and were signed on its behalf by:





S A R Bainbridge - Director


CUDD BENTLEY CONSULTING LIMITED (REGISTERED NUMBER: 05335747)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Cudd Bentley Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised at the fair value of consideration based on the percentage of completion method, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, has been amortised evenly over its estimated useful life of one year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% straight line basis
Furniture & computer equipment - at varying rates on straight line basis

Government grants
Government grants are recognised in profit or loss on a systematic basis over the periods in which the company recognises expenses for the related costs for which the grants are intended to compensate. Grants relate to the income received as a result of the Covid pandemic.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

CUDD BENTLEY CONSULTING LIMITED (REGISTERED NUMBER: 05335747)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Long term contracts
Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated to reflect the proportion of work carried out at the year end, by recording turnover and related costs as contract activity progresses. Costs include the direct costs of consultants' time plus any consumables plus attributable overheads. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen. Payments on accounts are disclosed as a deduction to work in progress, where they result in a credit balance they are disclosed in creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2021 - 38 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 1,762
AMORTISATION
At 1 April 2021
and 31 March 2022 1,762
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

CUDD BENTLEY CONSULTING LIMITED (REGISTERED NUMBER: 05335747)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

5. TANGIBLE FIXED ASSETS
Improvements Furniture
to & computer
property equipment Totals
£    £    £   
COST
At 1 April 2021 105,777 166,556 272,333
Disposals - (166,556 ) (166,556 )
At 31 March 2022 105,777 - 105,777
DEPRECIATION
At 1 April 2021 105,777 163,875 269,652
Charge for year - 2,681 2,681
Eliminated on disposal - (166,556 ) (166,556 )
At 31 March 2022 105,777 - 105,777
NET BOOK VALUE
At 31 March 2022 - - -
At 31 March 2021 - 2,681 2,681

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 1,511,485 1,173,233
Amounts owed by group undertakings 25,000 398,980
Other debtors 148,278 148,149
1,684,763 1,720,362

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 60,000 -
Trade creditors 388,631 308,416
Taxation and social security 684,958 352,327
Other creditors 283,768 403,216
1,417,357 1,063,959

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 195,000 300,000

9. FINANCIAL COMMITMENTS

The total of future minimum lease payments under non-cancellable operating leases as at 31 March 2022 was £74,205.