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REGISTERED NUMBER: 09201282 (England and Wales)














Financial Statements

for the Year Ended 31 March 2024

for

Contingent Limited

Contingent Limited (Registered number: 09201282)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Contingent Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A C Brunskill
Mrs C M Brunskill





REGISTERED OFFICE: Unit 15 Princeton Court
53-55 Felsham Road
Putney
London
SW15 1AZ





REGISTERED NUMBER: 09201282 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

Contingent Limited (Registered number: 09201282)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,221 2,935
Investments 5 1,030 1,030
32,251 3,965

CURRENT ASSETS
Debtors 6 33,019 17,965
Cash at bank 107,855 6,571
140,874 24,536
CREDITORS
Amounts falling due within one year 7 67,248 6,277
NET CURRENT ASSETS 73,626 18,259
TOTAL ASSETS LESS CURRENT LIABILITIES 105,877 22,224

PROVISIONS FOR LIABILITIES 7,072 -
NET ASSETS 98,805 22,224

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 98,705 22,124
SHAREHOLDERS' FUNDS 98,805 22,224

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 directors acknowledge their 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.

Contingent Limited (Registered number: 09201282)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





A C Brunskill - Director


Contingent Limited (Registered number: 09201282)

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


1. STATUTORY INFORMATION

Contingent Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where the turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
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 Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Contingent Limited (Registered number: 09201282)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 857 - 5,721 6,578
Additions - 29,800 2,328 32,128
At 31 March 2024 857 29,800 8,049 38,706
DEPRECIATION
At 1 April 2023 719 - 2,924 3,643
Charge for year 28 2,483 1,331 3,842
At 31 March 2024 747 2,483 4,255 7,485
NET BOOK VALUE
At 31 March 2024 110 27,317 3,794 31,221
At 31 March 2023 138 - 2,797 2,935

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 1,030
NET BOOK VALUE
At 31 March 2024 1,030
At 31 March 2023 1,030

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 12,000
Other debtors 33,019 5,965
33,019 17,965

Contingent Limited (Registered number: 09201282)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 40,581 3,606
Other creditors 26,667 2,671
67,248 6,277

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
A C Brunskill and Mrs C M Brunskill
Balance outstanding at start of year 4,230 45,914
Amounts advanced 45,036 4,200
Amounts repaid (45,774 ) (45,884 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,492 4,230

The directors loan accounts are provided interest free and are repayable on demand.