1 August 2022 v2023.22.2 limited_company_frs_102_section_1a_v1_1_0 companies_houseSoftwarefalsetruetruetrueNo description of principal activity0truexbrli:purexbrli:sharesiso4217:GBP096967382022-08-012023-07-31096967382023-07-31096967382022-07-3109696738core:WithinOneYear2023-07-3109696738core:WithinOneYear2022-07-3109696738core:ShareCapital2023-07-3109696738core:ShareCapital2022-07-3109696738core:SharePremium2023-07-3109696738core:SharePremium2022-07-3109696738core:RetainedEarningsAccumulatedLosses2023-07-3109696738core:RetainedEarningsAccumulatedLosses2022-07-3109696738bus:Director12022-08-012023-07-3109696738bus:RegisteredOffice2022-08-012023-07-3109696738core:FurnitureFittings2022-08-012023-07-3109696738core:OfficeEquipment2022-08-012023-07-31096967382021-08-012022-07-3109696738core:PlantMachinery2022-08-0109696738core:PlantMachinery2022-08-012023-07-3109696738core:PlantMachinery2023-07-3109696738core:PlantMachinery2022-07-3109696738core:CostValuation2022-08-0109696738core:CostValuation2023-07-310969673812022-08-012023-07-3109696738countries:EnglandWales2022-08-012023-07-3109696738bus:AuditExemptWithAccountantsReport2022-08-012023-07-3109696738bus:PrivateLimitedCompanyLtd2022-08-012023-07-3109696738bus:SmallEntities2022-08-012023-07-3109696738bus:FullAccounts2022-08-012023-07-31
Company registration number:
09696738
Kerwin Consulting Limited
Unaudited Filleted Financial Statements for the year ended
31 July 2023
Kerwin Consulting Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Kerwin Consulting Limited
Year ended
31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Kerwin Consulting Limited
for the year ended
31 July 2023
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Kerwin Consulting Limited
, as a body. My work has been undertaken solely to prepare for your approval the
financial statements
of
Kerwin Consulting Limited
and state those matters that I have agreed to state to the Board of Directors of
Kerwin Consulting Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Kerwin Consulting Limited
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Kerwin Consulting Limited
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
Kerwin Consulting Limited
. You consider that
Kerwin Consulting Limited
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Kerwin Consulting Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Proud Goulbourn
Chartered Accountants
Office 16, Hamilton Davies House
117c Liverpool Road
Cadishead
Manchester
M44 5BG
United Kingdom
Date:
9 October 2023
Kerwin Consulting Limited
Statement of Financial Position
31 July 2023
20232022
Note££
Fixed assets    
Tangible assets 5
3,239
 
3,713
 
Investments 6
100
 
100
 
3,339
 
3,813
 
Current assets    
Debtors 7
19,276
 
(1,398
)
Cash at bank and in hand
24,887
 
18,893
 
44,163
 
17,495
 
Creditors: amounts falling due within one year 8
(27,934
)
(18,821
)
Net current assets/(liabilities)
16,229
 
(1,326
)
Total assets less current liabilities 19,568   2,487  
Provisions for liabilities
(99
)
(995
)
Net assets
19,469
 
1,492
 
Capital and reserves    
Called up share capital
125
 
125
 
Share premium
75
 
75
 
Profit and loss account
19,269
 
1,292
 
Shareholders funds
19,469
 
1,492
 
For the year ending
31 July 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • 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;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
9 October 2023
, and are signed on behalf of the board by:
J Murphy
Director
Company registration number:
09696738
Kerwin Consulting Limited
Notes to the Financial Statements
Year ended
31 July 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Office 16, Hamilton Davies House
,
117c Liverpool Road
,
Cadishead
,
Manchester
,
M44 5BG
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered net of discounts and value added tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
15% straight line
Office equipment
25% straight line

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price .

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

4 Average number of employees

The average number of persons employed by the company during the year was nil (2022:
3
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 August 2022
8,163
 
Additions
1,124
 
At
31 July 2023
9,287
 
Depreciation  
At
1 August 2022
4,450
 
Charge
1,598
 
At
31 July 2023
6,048
 
Carrying amount  
At
31 July 2023
3,239
 
At 31 July 2022
3,713
 

6 Investments

Shares in group undertakings and participating interests
£
Cost  
At
1 August 2022
100
 
At
31 July 2023
100
 
Impairment  
At
1 August 2022
and
31 July 2023
-  
Carrying amount  
At
31 July 2023
100
 
At 31 July 2022
100
 

7 Debtors

20232022
££
Trade debtors
19,108
 
(1,566
)
Other debtors
168
 
168
 
19,276
 
(1,398
)

8 Creditors: amounts falling due within one year

20232022
££
Amounts owed to group undertakings and undertakings in which the company has a participating interest
2,370
 
2,370
 
Taxation and social security
19,960
 
10,688
 
Other creditors
5,604
 
5,763
 
27,934
 
18,821
 

9 Controlling party

Although there has been a re-classifcation of shares into 100 A Ordinary and 25 B Ordinary the overall control l remains with Julie Kerwin