Company Registration No. 04726855 (England and Wales)
Casu Consulto Limited
Unaudited accounts
for the year ended 31 March 2023
Casu Consulto Limited
Unaudited accounts
Contents
Casu Consulto Limited
Company Information
for the year ended 31 March 2023
Directors
C Holden
D Holden
Company Number
04726855 (England and Wales)
Registered Office
TITAN HOUSE, STATION ROAD
HORSFORTH
LEEDS
LS18 5PA
ENGLAND
Casu Consulto Limited
Statement of financial position
as at 31 March 2023
Tangible assets
3,617
7,465
Inventories
117,199
14,592
Debtors
2,780,322
1,917,918
Cash at bank and in hand
85,078
269,062
Creditors: amounts falling due within one year
(2,263,867)
(1,431,141)
Net current assets
718,732
770,431
Total assets less current liabilities
722,349
777,896
Creditors: amounts falling due after more than one year
(280,521)
(388,194)
Provisions for liabilities
Net assets
441,828
389,094
Called up share capital
100
100
Profit and loss account
441,728
388,994
Shareholders' funds
441,828
389,094
For the year ending 31 March 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2023 and were signed on its behalf by
C Holden
Director
Company Registration No. 04726855
Casu Consulto Limited
Notes to the Accounts
for the year ended 31 March 2023
Casu Consulto Limited is a private company, limited by shares, registered in England and Wales, registration number 04726855. The registered office is TITAN HOUSE, STATION ROAD, HORSFORTH, LEEDS, LS18 5PA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line basis - evenly over 4 years
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Revenue from contracts for the provision of services is recognised by reference to the stage of completion of each contract, where at the stage of completion costs incurred and costs to complete can be estimated reliably. The value of contract activity undertaken in the period is recorded as turnover with an apportioned allocation of costs being matched against this turnover. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs. These costs are presented as stocks or work in progress on the Balance Sheet to the extent they will be recovered in the future. When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Casu Consulto Limited
Notes to the Accounts
for the year ended 31 March 2023
Expenditure on research and development is written off in the year in which it is incurred.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
530,311
491,357
Deferred tax asset
58,795
-
Accrued income and prepayments
2,007,762
1,037,850
Other debtors
101,449
275,477
Amounts falling due after more than one year
Trade debtors
82,005
113,234
Casu Consulto Limited
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
107,673
104,730
Trade creditors
1,965,284
1,091,335
Taxes and social security
34,669
49,783
Other creditors
906
38,905
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Creditors: amounts falling due after more than one year
2023
2022
Bank loans
280,521
388,194
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to D Holden
-
856
-
856
No interest was due or unpaid in respect of the above loan to Mr D Holden during the year.
9
Average number of employees
During the year the average number of employees was 26 (2022: 26).