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REGISTERED NUMBER: 08945987 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Carol Willey Market Research Limited

Carol Willey Market Research Limited (Registered number: 08945987)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Carol Willey Market Research Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs C Willey
M D Willey





REGISTERED OFFICE: Stoneycroft
Grosvenor Road
Medstead
Alton
Hampshire
GU34 5JE





REGISTERED NUMBER: 08945987 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
Bennett House
The Dean
Alresford
Hampshire
SO24 9BH

Carol Willey Market Research Limited (Registered number: 08945987)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 375 1,292

CURRENT ASSETS
Debtors 5 951,243 336,791
Cash at bank and in hand 246,076 473,923
1,197,319 810,714
CREDITORS
Amounts falling due within one year 6 176,500 101,375
NET CURRENT ASSETS 1,020,819 709,339
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,021,194

710,631

PROVISIONS FOR LIABILITIES 7 71 245
NET ASSETS 1,021,123 710,386

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,021,023 710,286
SHAREHOLDERS' FUNDS 1,021,123 710,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by:



Mrs C Willey - Director


Carol Willey Market Research Limited (Registered number: 08945987)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Carol Willey Market Research 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% reducing balance basis
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Carol Willey Market Research Limited (Registered number: 08945987)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 851 2,546 3,397
DEPRECIATION
At 1 April 2022 641 1,464 2,105
Charge for year 210 707 917
At 31 March 2023 851 2,171 3,022
NET BOOK VALUE
At 31 March 2023 - 375 375
At 31 March 2022 210 1,082 1,292

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 285,361 133,204
Other debtors 630,200 195,100
VAT - 8,487
Prepayments and accrued income 35,682 -
951,243 336,791

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 3,539
Tax 84,838 51,876
Social security and other taxes 13,648 10,712
VAT 1,925 -
Other creditors 178 4,891
Directors' current accounts 1,653 900
Accruals and deferred income 74,258 29,457
176,500 101,375

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 71 245

Carol Willey Market Research Limited (Registered number: 08945987)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 245
Accelerated capital allowances (174 )
Balance at 31 March 2023 71

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £50,000 (2022 - £130,000) were paid to the directors .

At the balance sheet date the company owed £1,653 (2022: £900) to its directors. No interest arose on this loan, and the loan is repayable on demand.

There are no disclosures required under FRS102 (1a) because all related party transactions are either not material to the understanding of the financial statements, or are conducted on an arms-length basis with a commercial rate of interest charged on the loans.