Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Dr Coral Harper 12/03/2021 Neil Harper 12/03/2021 30 July 2024 The principal activity of the Company during the year was that of wellbeing and consultancy services. 13262417 2024-03-31 13262417 bus:Director1 2024-03-31 13262417 bus:Director2 2024-03-31 13262417 2023-03-31 13262417 core:CurrentFinancialInstruments 2024-03-31 13262417 core:CurrentFinancialInstruments 2023-03-31 13262417 core:ShareCapital 2024-03-31 13262417 core:ShareCapital 2023-03-31 13262417 core:RetainedEarningsAccumulatedLosses 2024-03-31 13262417 core:RetainedEarningsAccumulatedLosses 2023-03-31 13262417 core:OtherPropertyPlantEquipment 2023-03-31 13262417 core:OtherPropertyPlantEquipment 2024-03-31 13262417 bus:OrdinaryShareClass1 2024-03-31 13262417 2023-04-01 2024-03-31 13262417 bus:FilletedAccounts 2023-04-01 2024-03-31 13262417 bus:SmallEntities 2023-04-01 2024-03-31 13262417 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13262417 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13262417 bus:Director1 2023-04-01 2024-03-31 13262417 bus:Director2 2023-04-01 2024-03-31 13262417 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 13262417 2022-04-01 2023-03-31 13262417 core:CurrentFinancialInstruments 2023-04-01 2024-03-31 13262417 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 13262417 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 13262417 1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13262417 (England and Wales)

CWTCH CONSULTING LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

CWTCH CONSULTING LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

CWTCH CONSULTING LTD

COMPANY INFORMATION

For the financial year ended 31 March 2024
CWTCH CONSULTING LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTORS Dr Coral Harper
Neil Harper
REGISTERED OFFICE Thorne Cottage
Merrion
Pembrokeshire
SA71 5EA
Wales
United Kingdom
COMPANY NUMBER 13262417 (England and Wales)
CHARTERED ACCOUNTANTS Praxis
1 Poultry
London
EC2R 8EJ
United Kingdom
CWTCH CONSULTING LTD

BALANCE SHEET

As at 31 March 2024
CWTCH CONSULTING LTD

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 6,257 7,018
6,257 7,018
Current assets
Debtors 4 97,143 367,353
Cash at bank and in hand 400,213 275,586
497,356 642,939
Creditors: amounts falling due within one year 5 ( 84,938) ( 284,315)
Net current assets 412,418 358,624
Total assets less current liabilities 418,675 365,642
Net assets 418,675 365,642
Capital and reserves
Called-up share capital 6 200 200
Profit and loss account 418,475 365,442
Total shareholders' funds 418,675 365,642

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Cwtch Consulting Ltd (registered number: 13262417) were approved and authorised for issue by the Board of Directors on 30 July 2024. They were signed on its behalf by:

Dr Coral Harper
Director
CWTCH CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
CWTCH CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cwtch Consulting Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Thorne Cottage, Merrion, Pembrokeshire, SA71 5EA, Wales, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2023 8,819 8,819
Additions 736 736
At 31 March 2024 9,555 9,555
Accumulated depreciation
At 01 April 2023 1,801 1,801
Charge for the financial year 1,497 1,497
At 31 March 2024 3,298 3,298
Net book value
At 31 March 2024 6,257 6,257
At 31 March 2023 7,018 7,018

4. Debtors

2024 2023
£ £
Trade debtors 59,818 367,353
Other debtors 37,325 0
97,143 367,353

Included in Other debtors is an amount of £30,534 owed by the Directors (2023: Credit balance of £3). Interest has been charged on amounts due and repayable on demand.

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 6,614 18,106
Taxation and social security 43,619 101,670
Other creditors 34,705 164,539
84,938 284,315

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
200 Ordinary shares of £ 1.00 each 200 200

7. Financial commitments

The Company had no material capital commitments at the year ended 31 March 2024.

8. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.