CLOONEY CONSULTING LIMITED

Company Registration Number:
NI685468 (Northern Ireland)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 02 February 2022

End date: 28 February 2023

CLOONEY CONSULTING LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

CLOONEY CONSULTING LIMITED

Balance sheet

As at 28 February 2023


Notes

13 months to 28 February 2023


£
Current assets
Debtors: 3 19,536
Cash at bank and in hand: 7,300
Total current assets: 26,836
Creditors: amounts falling due within one year: 4 (8,014)
Net current assets (liabilities): 18,822
Total assets less current liabilities: 18,822
Total net assets (liabilities): 18,822
Capital and reserves
Called up share capital: 4
Profit and loss account: 18,818
Shareholders funds: 18,822

The notes form part of these financial statements

CLOONEY CONSULTING LIMITED

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 October 2023
and signed on behalf of the board by:

Name: DT Reid
Status: Director

The notes form part of these financial statements

CLOONEY CONSULTING LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The company’s operations and principal activity is the provision of consulting advice and services to enterprises within Northern Ireland.Turnover is measured at the fair value of the consideration received or receivable for services rendered.Revenue from the provision of consultancy is recognised when the services have been delivered to the recipient; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Other accounting policies

TaxationThe taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.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.DebtorsDebtors are stated after all known bad debts have been written off and specific provision has been made against all debts considered doubtful of collection.ProvisionsProvisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises

CLOONEY CONSULTING LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

13 months to 28 February 2023
Average number of employees during the period 4

CLOONEY CONSULTING LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Debtors

13 months to 28 February 2023
£
Debtors due after more than one year: 0

CLOONEY CONSULTING LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Creditors: amounts falling due within one year note

£3,600 - Other creditors£4,414 - Corporation tax£8,014 - TOTAL

CLOONEY CONSULTING LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Related party transactions

Name of the related party:
Relationship:
Director
Description of the Transaction: Included in Note7, within ‘Other debtors’ is £19,536 owed by a director.
£
Balance at 28 February 2023 19,536

CLOONEY CONSULTING LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

6. Post balance sheet events

There have been no significant events affecting the company since the period end.