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REGISTERED NUMBER: 06053925 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Cusulyer Ltd

Cusulyer Ltd (Registered number: 06053925)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cusulyer Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr J P Olver





SECRETARY: Mrs J D Olver





REGISTERED OFFICE: 36 The Grove
Hales Road
Cheltenham
Gloucestershire
GL52 6SX





REGISTERED NUMBER: 06053925 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

Cusulyer Ltd (Registered number: 06053925)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,065 12,130

CURRENT ASSETS
Debtors 5 35,362 33,278
Cash at bank 15,774 14,540
51,136 47,818
CREDITORS
Amounts falling due within one year 6 55,480 49,334
NET CURRENT LIABILITIES (4,344 ) (1,516 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,721

10,614

CAPITAL AND RESERVES
Called up share capital 7 11 11
Retained earnings 8 1,710 10,603
SHAREHOLDERS' FUNDS 1,721 10,614

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2024 and were signed by:





Mr J P Olver - Director


Cusulyer Ltd (Registered number: 06053925)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Cusulyer Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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 or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Cusulyer Ltd (Registered number: 06053925)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 24,261 458 24,719
DEPRECIATION
At 1 April 2023 12,131 458 12,589
Charge for year 6,065 - 6,065
At 31 March 2024 18,196 458 18,654
NET BOOK VALUE
At 31 March 2024 6,065 - 6,065
At 31 March 2023 12,130 - 12,130

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 34,912 32,828
Prepayments 450 450
35,362 33,278

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Corporation tax 1,917 2,817
Social security and other taxes 280 -
VAT 1,340 1,643
Directors' current accounts 51,023 43,954
Accrued expenses 920 920
55,480 49,334

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
10 "A" Ordinary £1 10 10
1 "B" Ordinary £1 1 1
11 11

Cusulyer Ltd (Registered number: 06053925)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RESERVES
Retained
earnings
£   

At 1 April 2023 10,603
Profit for the year 2,107
Dividends (11,000 )
At 31 March 2024 1,710

9. RELATED PARTY DISCLOSURES

During the year the director, Mr J P Olver, made net deposits to his account of £7,069. The balance on his account at 31 March 2024 was £51,023 in credit (2023 - £43,954).

Also during the year Mr Olver received net dividends from the company of £10,000 (2023 - £12,000).

10. ULTIMATE CONTROLLING PARTY

Mr J P Olver is the ultimate controlling party by virtue of his holding all of the company's voting share capital.