Caseware UK (AP4) 2022.0.179 2022.0.179 true2022-02-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11164657 2022-02-01 2023-01-31 11164657 2021-02-01 2022-01-31 11164657 2023-01-31 11164657 2022-01-31 11164657 c:Director1 2022-02-01 2023-01-31 11164657 c:RegisteredOffice 2022-02-01 2023-01-31 11164657 d:OfficeEquipment 2022-02-01 2023-01-31 11164657 d:OfficeEquipment 2023-01-31 11164657 d:OfficeEquipment 2022-01-31 11164657 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 11164657 d:CurrentFinancialInstruments 2023-01-31 11164657 d:CurrentFinancialInstruments 2022-01-31 11164657 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 11164657 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 11164657 d:ShareCapital 2023-01-31 11164657 d:ShareCapital 2022-01-31 11164657 d:RetainedEarningsAccumulatedLosses 2023-01-31 11164657 d:RetainedEarningsAccumulatedLosses 2022-01-31 11164657 c:OrdinaryShareClass1 2022-02-01 2023-01-31 11164657 c:OrdinaryShareClass1 2023-01-31 11164657 c:OrdinaryShareClass1 2022-01-31 11164657 c:FRS102 2022-02-01 2023-01-31 11164657 c:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 11164657 c:FullAccounts 2022-02-01 2023-01-31 11164657 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11164657










Little Owl Consulting Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 January 2023

 
Little Owl Consulting Ltd
 

Company Information


Director
Edward Martin 




Registered number
11164657



Registered office




Accountants
Kreston Reeves LLP
Chartered Accountants

37 St Margaret's Street

Canterbury

Kent

CT1 2TU





 
Little Owl Consulting Ltd
 

Contents



Page
Accountants' report
 
1
Balance sheet
 
2
Notes to the financial statements
 
3 - 6


 
Little Owl Consulting Ltd
 
  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of Little Owl Consulting Ltd for the year ended 31 January 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Little Owl Consulting Ltd for the year ended 31 January 2023 which comprise  the Balance sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Little Owl Consulting Ltd in accordance with the terms of our engagement letter dated 17 January 2023Our work has been undertaken solely to prepare for your approval the financial statements of Little Owl Consulting Ltd  and state those matters that we have agreed to state to the director of Little Owl Consulting Ltd in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Little Owl Consulting Ltd and its director for our work or for this report. 

It is your duty to ensure that Little Owl 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 Little Owl Consulting Ltd. You consider that Little Owl Consulting Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Little Owl 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.

  



Kreston Reeves LLP
 
Chartered Accountants
  
Canterbury
22 September 2023
Page 1

 
Little Owl Consulting Ltd
Registered number: 11164657

Balance sheet
As at 31 January 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
283
25

  
283
25

Current assets
  

Debtors: amounts falling due within one year
 5 
3,802
-

Cash at bank and in hand
  
23,269
10,153

  
27,071
10,153

Creditors: amounts falling due within one year
 6 
(17,975)
(6,366)

Net current assets
  
 
 
9,096
 
 
3,787

Total assets less current liabilities
  
9,379
3,812

  

Net assets
  
9,379
3,812


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
9,378
3,811

  
9,379
3,812


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 August 2023.


E Martin
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
Little Owl Consulting Ltd
 

 
Notes to the financial statements
For the year ended 31 January 2023

1.


General information

Little Owl Consulting Ltd is a private company limited by shares which was incorporated in England and Wales.
The company’s registered office is 1 Tayne Cottage, Canterbury Road, Lyminge, Kent CT18 8HT. 
The financial statements are presented in pound Sterling, and rounded to the nearest pound. 

2.Accounting policies

 
2.1

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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

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 balance sheet date in the countries where the Company operates and generates income.

Page 3

 
Little Owl Consulting Ltd
 

 
Notes to the financial statements
For the year ended 31 January 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

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.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
Little Owl Consulting Ltd
 

 
Notes to the financial statements
For the year ended 31 January 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 February 2022
129


Additions
323



At 31 January 2023

452



Depreciation


At 1 February 2022
104


Charge for the year on owned assets
65



At 31 January 2023

169



Net book value



At 31 January 2023
283



At 31 January 2022
25

Page 5

 
Little Owl Consulting Ltd
 

 
Notes to the financial statements
For the year ended 31 January 2023

5.


Debtors

2023
2022
£
£


Trade debtors
1,268
-

Prepayments and accrued income
2,534
-

3,802
-



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
12,951
3,525

Other taxation and social security
1,690
-

Other creditors
1,333
1,021

Accruals and deferred income
2,001
1,820

17,975
6,366



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



8.


Related party transactions

The company paid dividends of £50,000 (2022: £15,000) to the director during the year.


9.


Controlling party

The company was controlled throughout the year by the director Mr E Martin, by virtue of the fact that he owns the entire issued share capital. 


Page 6