Company registration number 11190006 (England and Wales)
CAHOOTS BUSINESS CONSULTANTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
CAHOOTS BUSINESS CONSULTANTS LTD
COMPANY INFORMATION
Director
J F E Conway
Company number
11190006
Registered office
Unit 4 The Beech Tree
Elmhurst Business Park
New Farm, Elmhurst
Lichfield
Staffordshire
WS13 8EX
Accountants
Jerroms GCN Limited
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
CAHOOTS BUSINESS CONSULTANTS LTD
CONTENTS
Page
Accountants' report
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 6
CAHOOTS BUSINESS CONSULTANTS LTD
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF CAHOOTS BUSINESS CONSULTANTS LTD
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cahoots Business Consultants Ltd for the year ended 28 February 2024 which comprise, the statement of financial position 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the board of directors of Cahoots Business Consultants Ltd, as a body, in accordance with the terms of our engagement letter dated 9 October 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Cahoots Business Consultants Ltd and state those matters that we have agreed to state to the board of directors of Cahoots Business Consultants Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cahoots Business Consultants Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Cahoots Business Consultants Ltd 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 Cahoots Business Consultants Ltd. You consider that Cahoots Business Consultants Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cahoots Business Consultants Ltd. 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.

Jerroms GCN Limited
18 June 2024
Chartered Certified Accountants
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
CAHOOTS BUSINESS CONSULTANTS LTD
STATEMENT OF FINANCIAL POSITION
AS AT
28 FEBRUARY 2024
28 February 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,536
2,586
Current assets
Debtors
4
5,499
4,416
Cash at bank and in hand
92,535
112,157
98,034
116,573
Creditors: amounts falling due within one year
5
(90,807)
(110,341)
Net current assets
7,227
6,232
Total assets less current liabilities
8,763
8,818
Creditors: amounts falling due after more than one year
6
(921)
(1,571)
Provisions for liabilities
(384)
(491)
Net assets
7,458
6,756
Capital and reserves
Called up share capital
7
1
1
Profit and loss reserves
7,457
6,755
Total equity
7,458
6,756
CAHOOTS BUSINESS CONSULTANTS LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
28 FEBRUARY 2024
28 February 2024
- 3 -

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 18 June 2024
J F E Conway
Director
Company registration number 11190006 (England and Wales)
CAHOOTS BUSINESS CONSULTANTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
- 4 -
1
Accounting policies
Company information

Cahoots Business Consultants Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 4 The Beech Tree, Elmhurst Business Park, New Farm, Elmhurst, Lichfield, Staffordshire, WS13 8EX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% straight line basis
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.5
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

CAHOOTS BUSINESS CONSULTANTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
3
3
Tangible fixed assets
Computers
£
Cost
At 1 March 2023 and 28 February 2024
3,183
Depreciation and impairment
At 1 March 2023
597
Depreciation charged in the year
1,050
At 28 February 2024
1,647
Carrying amount
At 28 February 2024
1,536
At 28 February 2023
2,586
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
5,049
3,966
Other debtors
450
450
5,499
4,416
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
650
650
Trade creditors
79,732
90,436
Corporation tax
7,949
695
Other taxation and social security
212
13,470
Other creditors
2,264
5,090
90,807
110,341
CAHOOTS BUSINESS CONSULTANTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
- 6 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
921
1,571
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
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