Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-312022-08-01falseManagement consultancy22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05876616 2022-08-01 2023-07-31 05876616 2021-08-01 2022-07-31 05876616 2023-07-31 05876616 2022-07-31 05876616 c:Director1 2022-08-01 2023-07-31 05876616 d:FurnitureFittings 2022-08-01 2023-07-31 05876616 d:FurnitureFittings 2023-07-31 05876616 d:FurnitureFittings 2022-07-31 05876616 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 05876616 d:OfficeEquipment 2022-08-01 2023-07-31 05876616 d:OfficeEquipment 2023-07-31 05876616 d:OfficeEquipment 2022-07-31 05876616 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 05876616 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 05876616 d:CurrentFinancialInstruments 2023-07-31 05876616 d:CurrentFinancialInstruments 2022-07-31 05876616 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 05876616 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 05876616 d:ShareCapital 2023-07-31 05876616 d:ShareCapital 2022-07-31 05876616 d:RetainedEarningsAccumulatedLosses 2023-07-31 05876616 d:RetainedEarningsAccumulatedLosses 2022-07-31 05876616 c:FRS102 2022-08-01 2023-07-31 05876616 c:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 05876616 c:FullAccounts 2022-08-01 2023-07-31 05876616 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05876616 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-08-01 2023-07-31 05876616 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-07-31 05876616 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-07-31 iso4217:GBP xbrli:pure

Registered number: 05876616









COALESCENCE CONSULTING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

 
COALESCENCE CONSULTING LIMITED
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 4
Notes to the financial statements
 
 
5 - 8


 
COALESCENCE CONSULTING LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF COALESCENCE CONSULTING LIMITED
FOR THE YEAR ENDED 31 JULY 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Coalescence Consulting Limited for the year ended 31 July 2023 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Coalescence Consulting Limited in accordance with the terms of our engagement letter dated 15 February 2023Our work has been undertaken solely to prepare for your approval the financial statements of Coalescence Consulting Limited  and state those matters that we have agreed to state to the director of Coalescence Consulting Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coalescence Consulting Limited and its director for our work or for this report. 

It is your duty to ensure that Coalescence 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 Coalescence Consulting Limited. You consider that Coalescence Consulting Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Coalescence Consulting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
14 November 2023
Page 1

 
COALESCENCE CONSULTING LIMITED
REGISTERED NUMBER: 05876616

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,202
2,156

  
1,202
2,156

Current assets
  

Debtors: amounts falling due within one year
 5 
22,082
42,020

Cash at bank and in hand
  
68,227
48,778

  
90,309
90,798

Creditors: amounts falling due within one year
 6 
(29,188)
(35,019)

Net current assets
  
 
 
61,121
 
 
55,779

Total assets less current liabilities
  
62,323
57,935

Provisions for liabilities
  

Deferred tax
  
(229)
(410)

  
 
 
(229)
 
 
(410)

Net assets
  
62,094
57,525


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
61,994
57,425

  
62,094
57,525


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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
Page 2

 
COALESCENCE CONSULTING LIMITED
REGISTERED NUMBER: 05876616
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023


Page 3

 
COALESCENCE CONSULTING LIMITED
REGISTERED NUMBER: 05876616
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 October 2023.




K R E Johnson
Director

The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
COALESCENCE CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

The Company is a private company limited by shares.  It is both incorporated and domiciled in England and Wales.  The address of its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ.
The Company's principal activity is that of management consultancy.  Its principal place of business is Norwich, Norfolk.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is measured at the fair value of the consideration received or receivable.  Revenue for consultancy services is recognised in the period in which the services are provided.

 
2.3

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.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax.
Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the balance sheet date.
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.

Page 5

 
COALESCENCE CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.5

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
-
25%
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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.10

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.

Page 6

 
COALESCENCE CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 August 2022
8,190
4,549
12,739


Additions
254
199
453


Disposals
(141)
(2,180)
(2,321)



At 31 July 2023

8,303
2,568
10,871



Depreciation


At 1 August 2022
7,359
3,223
10,582


Charge for the year on owned assets
766
642
1,408


Disposals
(141)
(2,180)
(2,321)



At 31 July 2023

7,984
1,685
9,669



Net book value



At 31 July 2023
319
883
1,202



At 31 July 2022
831
1,326
2,157


5.


Debtors

2023
2022
£
£


Trade debtors
21,846
39,870

Prepayments and accrued income
236
2,150

22,082
42,020


Page 7

 
COALESCENCE CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
3,290
8,084

Other taxation and social security
15,841
13,690

Other creditors
7,962
11,253

Accruals and deferred income
2,095
1,992

29,188
35,019



7.


Related party transactions

As at 31 July 2023 the balance owed to the director by the company is £6,402 (2022: £9,693). The loan is interest free and the balance is included within other creditors.

 
Page 8