Registered number
07691552
Consulting and Interim Management Ltd
Unaudited Filleted Accounts
23 August 2024
Consulting and Interim Management Ltd
Registered number: 07691552
Balance Sheet
as at 23 August 2024
Notes 23/8/24 31/3/24
£ £
Fixed assets
Tangible assets 3 - 84
Investments 4 72,781 433,963
72,781 434,047
Current assets
Debtors 5 - 11,873
Cash at bank and in hand 415,200 36,909
415,200 48,782
Creditors: amounts falling due within one year 6 (4,910) (7,005)
Net current assets 410,290 41,777
Total assets less current liabilities 483,071 475,824
Provisions for liabilities - (16)
Net assets 483,071 475,808
Capital and reserves
Called up share capital 10 10
Profit and loss account 483,061 475,798
Shareholder's funds 483,071 475,808
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D J Rayner
Director
Approved by the board on 26 August 2024
Consulting and Interim Management Ltd
Notes to the Accounts
for the period from 1 April 2024 to 23 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents net invoiced sales of goods or services, excluding value added tax.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office and computer equipment over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 23/8/24 31/3/24
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office & Computer equipment
£
Cost
At 1 April 2024 2,703
Disposals (2,703)
At 23 August 2024 -
Depreciation
At 1 April 2024 2,619
Charge for the period 84
On disposals (2,703)
At 23 August 2024 -
Net book value
At 23 August 2024 -
At 31 March 2024 84
4 Investments
Fixed asset Other
investments investments Total
£ £ £
Cost
At 1 April 2024 433,963 - 433,963
Additions 7,198 - 7,198
Revaluation 4,352 - 4,352
Disposals (372,732) - (372,732)
At 23 August 2024 72,781 - 72,781
5 Debtors 23/8/24 31/3/24
£ £
Trade debtors - 11,534
Other debtors - 339
- 11,873
6 Creditors: amounts falling due within one year 23/8/24 31/3/24
£ £
Trade creditors - 3,298
Taxation and social security costs 3,670 (791)
Other creditors 1,240 4,498
4,910 7,005
7 Controlling party
The company is under the control of D J Rayner by virtue of his 100% shareholding.
8 Other information
Consulting and Interim Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 Ellis Fields
St Albans
Hertfordshire
AL3 6BQ
Consulting and Interim Management Ltd 07691552 false 2024-04-01 2024-08-23 2024-08-23 VT Final Accounts April 2024 D J Rayner No description of principal activity 07691552 2023-04-01 2024-03-31 07691552 core:WithinOneYear 2024-03-31 07691552 core:ShareCapital 2024-03-31 07691552 core:RetainedEarningsAccumulatedLosses 2024-03-31 07691552 2024-04-01 2024-08-23 07691552 bus:PrivateLimitedCompanyLtd 2024-04-01 2024-08-23 07691552 bus:AuditExemptWithAccountantsReport 2024-04-01 2024-08-23 07691552 bus:Director40 2024-04-01 2024-08-23 07691552 1 2024-04-01 2024-08-23 07691552 2 2024-04-01 2024-08-23 07691552 core:PlantMachinery 2024-04-01 2024-08-23 07691552 countries:England 2024-04-01 2024-08-23 07691552 bus:FRS102 2024-04-01 2024-08-23 07691552 bus:FilletedAccounts 2024-04-01 2024-08-23 07691552 2024-08-23 07691552 core:WithinOneYear 2024-08-23 07691552 core:ShareCapital 2024-08-23 07691552 core:RetainedEarningsAccumulatedLosses 2024-08-23 07691552 core:PlantMachinery 2024-08-23 07691552 core:AdditionsToInvestments 2024-08-23 07691552 core:RevaluationsIncreaseDecreaseInInvestments 2024-08-23 07691552 core:DisposalsRepaymentsInvestments 2024-08-23 07691552 2024-03-31 07691552 core:PlantMachinery 2024-03-31 iso4217:GBP xbrli:pure