Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312022-02-01falseProperty consultancy22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08841624 2022-02-01 2023-01-31 08841624 2021-02-01 2022-01-31 08841624 2023-01-31 08841624 2022-01-31 08841624 c:Director1 2022-02-01 2023-01-31 08841624 d:FurnitureFittings 2022-02-01 2023-01-31 08841624 d:FurnitureFittings 2023-01-31 08841624 d:FurnitureFittings 2022-01-31 08841624 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 08841624 d:OfficeEquipment 2022-02-01 2023-01-31 08841624 d:OfficeEquipment 2023-01-31 08841624 d:OfficeEquipment 2022-01-31 08841624 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 08841624 d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 08841624 d:CurrentFinancialInstruments 2023-01-31 08841624 d:CurrentFinancialInstruments 2022-01-31 08841624 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 08841624 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 08841624 d:ShareCapital 2023-01-31 08841624 d:ShareCapital 2022-01-31 08841624 d:RetainedEarningsAccumulatedLosses 2023-01-31 08841624 d:RetainedEarningsAccumulatedLosses 2022-01-31 08841624 c:FRS102 2022-02-01 2023-01-31 08841624 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 08841624 c:FullAccounts 2022-02-01 2023-01-31 08841624 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 08841624 2 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure
Registered number: 08841624









TESSON CONSULTING LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023















Fletcher & Partners
Chartered Accountants
Salisbury

 
TESSON CONSULTING LIMITED
REGISTERED NUMBER:08841624

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,446
5,159

  
3,446
5,159

Current assets
  

Stocks
  
18,803
14,302

Debtors: amounts falling due within one year
 5 
27,527
17,937

Cash at bank and in hand
 6 
58,256
58,604

  
104,586
90,843

Creditors: amounts falling due within one year
 7 
(33,508)
(27,170)

Net current assets
  
 
 
71,078
 
 
63,673

Total assets less current liabilities
  
74,524
68,832

  

Net assets
  
74,524
68,832


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
74,523
68,831

  
74,524
68,832


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 her 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 11 October 2023.


Miss K E Moisson
Director

Page 1

 
TESSON CONSULTING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Tesson Consulting Limited is a company limited by shares registered in England no 08841624 registered office Crown Chambers, Bridge Street, Salisbury SP1 2LZ, whose principal activity is property consultancy.

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

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 2

 
TESSON CONSULTING LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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.

 
2.8

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:

Fixtures and fittings
-
20%
straight line
Office equipment
-
25%
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.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 3

 
TESSON CONSULTING LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.10

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.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

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.

 
2.13

Financial instruments

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

 
2.14

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 2 (2022 - 2).

Page 4

 
TESSON CONSULTING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 February 2022
825
14,626
15,451



At 31 January 2023

825
14,626
15,451



Depreciation


At 1 February 2022
825
9,467
10,292


Charge for the year on owned assets
-
1,713
1,713



At 31 January 2023

825
11,180
12,005



Net book value



At 31 January 2023
-
3,446
3,446



At 31 January 2022
-
5,159
5,159


5.


Debtors

2023
2022
£
£


Trade debtors
26,512
14,472

Other debtors
-
550

Prepayments and accrued income
1,015
2,915

27,527
17,937



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
58,256
58,604

58,256
58,604


Page 5

 
TESSON CONSULTING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
1,329

Trade creditors
267
268

Corporation tax
18,448
14,086

Other taxation and social security
13,413
10,107

Other creditors
180
180

Accruals and deferred income
1,200
1,200

33,508
27,170



Page 6