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REGISTERED NUMBER: 12427326 (England and Wales)















Camlas Consultancy Ltd

Unaudited Financial Statements for the Year Ended 31 January 2023






Camlas Consultancy Ltd (Registered number: 12427326)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Camlas Consultancy Ltd

Company Information
for the Year Ended 31 January 2023







Director: R P Waters





Registered office: 129 Coed Camlas
New Inn
Pontypool
Torfaen
NP4 8RP





Registered number: 12427326 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Camlas Consultancy Ltd (Registered number: 12427326)

Statement of Financial Position
31 January 2023

2023 2022
Notes £    £   
Fixed assets
Property, plant and equipment 4 11,263 8,799

Current assets
Debtors 5 41,071 30,487
Cash at bank 115,887 88,352
156,958 118,839
Creditors
Amounts falling due within one year 6 (25,886 ) (25,220 )
Net current assets 131,072 93,619
Total assets less current liabilities 142,335 102,418

Provisions for liabilities 7 (2,816 ) (1,672 )
Net assets 139,519 100,746

Capital and reserves
Called up share capital 8 1 1
Retained earnings 139,518 100,745
Shareholders' funds 139,519 100,746

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 October 2023 and were signed by:





R P Waters - Director


Camlas Consultancy Ltd (Registered number: 12427326)

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

1. Statutory information

Camlas Consultancy Ltd 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
Revenue 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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangements as either financial assets, financial liabilities or equity instruments, and are held at amortised cost. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

Camlas Consultancy Ltd (Registered number: 12427326)

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

4. Property, plant and equipment
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 February 2022 2,768 11,706 14,474
Additions - 5,681 5,681
At 31 January 2023 2,768 17,387 20,155
Depreciation
At 1 February 2022 455 5,220 5,675
Charge for year 347 2,870 3,217
At 31 January 2023 802 8,090 8,892
Net book value
At 31 January 2023 1,966 9,297 11,263
At 31 January 2022 2,313 6,486 8,799

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 35,460 28,560
Directors' current accounts 5,565 1,881
Prepayments 46 46
41,071 30,487

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors - 90
Tax 14,685 17,267
Social security and other taxes (10 ) 285
VAT 9,760 6,278
Accrued expenses 1,451 1,300
25,886 25,220

7. Provisions for liabilities
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 2,816 1,672

Deferred
tax
£   
Balance at 1 February 2022 1,672
Charge to Income Statement during year 1,144
Balance at 31 January 2023 2,816

Camlas Consultancy Ltd (Registered number: 12427326)

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

8. Called up share capital


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

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
R P Waters
Balance outstanding at start of year 1,881 -
Amounts advanced 5,915 1,881
Amounts repaid (2,232 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,564 1,881