CAROUSEL CONSULTANCY LIMITED

Company Registration Number:
02660513 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

CAROUSEL CONSULTANCY LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

CAROUSEL CONSULTANCY LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 14,791 19,414
Investments: 4 100 100
Total fixed assets: 14,891 19,514
Current assets
Stocks: 39,961 60,269
Debtors:   133,500 174,072
Cash at bank and in hand: 223,344 164,083
Total current assets: 396,805 398,424
Creditors: amounts falling due within one year: 5 (142,149) (194,521)
Net current assets (liabilities): 254,656 203,903
Total assets less current liabilities: 269,547 223,417
Total net assets (liabilities): 269,547 223,417
Capital and reserves
Called up share capital: 5,000 5,000
Profit and loss account: 264,547 218,417
Shareholders funds: 269,547 223,417

The notes form part of these financial statements

CAROUSEL CONSULTANCY LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 August 2024
and signed on behalf of the board by:

Name: CAROLE S PEPPERELL
Status: Director

The notes form part of these financial statements

CAROUSEL CONSULTANCY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is calculated to write down the cost of all tangible fixed assets by equal annual instalments over their expected useful lives. The rates generally applicable are: Equipment, fixtures and fittings - 10% and 25% on cost

Other accounting policies

Judgements in applying accounting policies and key sources of estimating uncertainty In the process of applying its accounting policies, the company is required to make certain estimates, judgements and assumptions based on the information available. These judgements, estimates and assumptions affect the amounts of assets and liabilities at the date of the financial statements and the amounts of revenues and expenses recognised during the reporting periods presented. On an ongoing basis the company evaluates its estimates using historical experience, consultation with experts and other methods considered reasonable in the particular circumstances. Actual results may differ significantly from the estimates, the effect of which is recognised in the period in which the facts that give to the revision become known. Government grants Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of the grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specific future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specific future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability. Investments Investments comprise the company's investment in its subsidiary undertakings which are stated at cost less any provision for impairment. Work in progress Work in progress represents the value of fees earned in respect of placements confirmed before the balance sheet date, but for which invoices were not raised until after the accounting date. Pension costs and other post retirement benefits The company operates a defined contribution pension scheme. Contributions payable to the company’s scheme are charged to profit and loss in the period to which they relate. Debtors Short term debtors are measured at the 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. Creditors Short term trade creditors are measured at 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. Taxation Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current and deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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 difference between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using the tax rates that have been enacted or substantively enacted by the reporting date. Financial instruments The company only enters into basic financial instruments 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 non-puttable ordinary shares. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable or payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted are a market rate of interest for a similar debt instrument and subsequently at amortised cost.

CAROUSEL CONSULTANCY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 20 19

CAROUSEL CONSULTANCY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 34,092
Additions 162
Disposals (3,023)
At 31 December 2023 31,231
Depreciation
At 01 January 2023 14,678
Charge for year 4,785
On disposals (3,023)
At 31 December 2023 16,440
Net book value
At 31 December 2023 14,791
At 31 December 2022 19,414

CAROUSEL CONSULTANCY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Fixed investments

Investment in subsidiary companies Shares at cost £100 £100 At 31 December 2023 at 31 December 2022 the company owned 100% of the issued share capital of Lilywhite63 Limited. Lilywhite63 Limited did not trade during the year under review or during the previous period. At 31 December 2023 and 31 December 2022 the aggregate capital and reserves of Lilywhite63 Limited was £100.

CAROUSEL CONSULTANCY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

Bank loan £25,795 £35,650 Trade creditors £12,328 £22,889 Sundry creditors £6,407 £8,553 Taxation £15,515 £20,283 Other taxes and social security costs £43,638 £57,071 Amount due to group undertaking £197 £197 Accruals and deferred income £38,269 £49,878