Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31Information technology consultancy services5falsetrue2022-11-015trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12262589 2022-11-01 2023-10-31 12262589 2021-11-01 2022-10-31 12262589 2023-10-31 12262589 2022-10-31 12262589 c:Director1 2022-11-01 2023-10-31 12262589 d:OfficeEquipment 2022-11-01 2023-10-31 12262589 d:OfficeEquipment 2023-10-31 12262589 d:OfficeEquipment 2022-10-31 12262589 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12262589 d:CurrentFinancialInstruments 2023-10-31 12262589 d:CurrentFinancialInstruments 2022-10-31 12262589 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12262589 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 12262589 d:ShareCapital 2023-10-31 12262589 d:ShareCapital 2022-10-31 12262589 d:RetainedEarningsAccumulatedLosses 2023-10-31 12262589 d:RetainedEarningsAccumulatedLosses 2022-10-31 12262589 c:FRS102 2022-11-01 2023-10-31 12262589 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12262589 c:FullAccounts 2022-11-01 2023-10-31 12262589 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 12262589










CONSULTANCY COVERED LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2023

 
CONSULTANCY COVERED LTD
REGISTERED NUMBER: 12262589

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
5

  
-
5

Current assets
  

Debtors: amounts falling due within one year
 5 
20,978
15,384

Cash at bank and in hand
  
19,003
13,726

  
39,981
29,110

Creditors: amounts falling due within one year
 6 
(39,575)
(23,028)

Net current assets
  
 
 
406
 
 
6,082

Total assets less current liabilities
  
406
6,087

  

Net assets
  
406
6,087


Capital and reserves
  

Called up share capital 
  
8
8

Profit and loss account
  
398
6,079

  
406
6,087


The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 12 March 2024.




Page 1

 
CONSULTANCY COVERED LTD
REGISTERED NUMBER: 12262589
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

J Woodhouse
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CONSULTANCY COVERED LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

1.Accounting policies

 
1.1

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 presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

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.

 
1.3

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
CONSULTANCY COVERED LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

1.Accounting policies (continued)

 
1.4

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. 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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
1.5

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:

Office equipment
-
33%
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.

 
1.6

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.

Page 4

 
CONSULTANCY COVERED LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

1.Accounting policies (continued)

 
1.7

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.

 
1.8

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.

 
1.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

 
1.10

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.

 
1.11

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.


2.


General information

The Company is a private company, limited by shares and registered in England and Wales.
Its registered number is: 12262589
The address of its registered office is:
First Floor
28 Whitehorse Street
Baldock
Herts
SG7 6QQ

Page 5

 
CONSULTANCY COVERED LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

3.


Employees

The average monthly number of employees, including directors, during the period was 5 (2022 - 5).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 November 2022
588



At 31 October 2023

588



Depreciation


At 1 November 2022
583


Charge for the period on owned assets
5



At 31 October 2023

588



Net book value



At 31 October 2023
-



At 31 October 2022
5

Page 6

 
CONSULTANCY COVERED LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
-
1,687

Other debtors
20,978
13,697

20,978
15,384



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
37,955
21,328

Other creditors
(205)
-

Accruals and deferred income
1,825
1,700

39,575
23,028


 
Page 7