Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-052024-04-05The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrue2023-04-06No description of principal activity22false 07278801 2023-04-06 2024-04-05 07278801 2022-04-06 2023-04-05 07278801 2024-04-05 07278801 2023-04-05 07278801 c:Director1 2023-04-06 2024-04-05 07278801 c:Director2 2023-04-06 2024-04-05 07278801 c:RegisteredOffice 2023-04-06 2024-04-05 07278801 d:OfficeEquipment 2023-04-06 2024-04-05 07278801 d:OfficeEquipment 2024-04-05 07278801 d:OfficeEquipment 2023-04-05 07278801 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-06 2024-04-05 07278801 d:ComputerEquipment 2023-04-06 2024-04-05 07278801 d:CurrentFinancialInstruments 2024-04-05 07278801 d:CurrentFinancialInstruments 2023-04-05 07278801 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-05 07278801 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-05 07278801 d:ShareCapital 2024-04-05 07278801 d:ShareCapital 2023-04-05 07278801 d:RetainedEarningsAccumulatedLosses 2024-04-05 07278801 d:RetainedEarningsAccumulatedLosses 2023-04-05 07278801 c:OrdinaryShareClass1 2023-04-06 2024-04-05 07278801 c:OrdinaryShareClass1 2024-04-05 07278801 c:OrdinaryShareClass1 2023-04-05 07278801 c:OrdinaryShareClass2 2023-04-06 2024-04-05 07278801 c:OrdinaryShareClass2 2024-04-05 07278801 c:OrdinaryShareClass2 2023-04-05 07278801 c:FRS102 2023-04-06 2024-04-05 07278801 c:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 07278801 c:FullAccounts 2023-04-06 2024-04-05 07278801 c:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 07278801 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-04-06 2024-04-05 07278801 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-04-05 07278801 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-04-05 07278801 2 2023-04-06 2024-04-05 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07278801









ESSENTIAL CONSULTING (NORFOLK) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

 
ESSENTIAL CONSULTING (NORFOLK) LIMITED
 
 
COMPANY INFORMATION


Directors
I McDonald 
A McDonald 




Registered number
07278801



Registered office
7 The Close

Norwich

Norfolk

NR1 4DJ




Accountants
MA Partners LLP

7 The Close

Norwich

Norfolk

NR1 4DJ





 
ESSENTIAL CONSULTING (NORFOLK) LIMITED
 

CONTENTS



Page
Balance sheet
 
 
1 - 2
Notes to the financial statements
 
 
3 - 6


 
ESSENTIAL CONSULTING (NORFOLK) LIMITED
REGISTERED NUMBER: 07278801

BALANCE SHEET
AS AT 5 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
362

  
-
362

Current assets
  

Debtors: amounts falling due within one year
 5 
288
143

Cash at bank and in hand
  
414
3,746

  
702
3,889

Creditors: amounts falling due within one year
 6 
(2,683)
(2,500)

Net current (liabilities)/assets
  
 
 
(1,981)
 
 
1,389

Total assets less current liabilities
  
(1,981)
1,751

Provisions for liabilities
  

Deferred tax
  
-
(90)

  
 
 
-
 
 
(90)

Net (liabilities)/assets
  
(1,981)
1,661


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(2,081)
1,561

  
(1,981)
1,661


Page 1

 
ESSENTIAL CONSULTING (NORFOLK) LIMITED
REGISTERED NUMBER: 07278801
    
BALANCE SHEET (CONTINUED)
AS AT 5 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 September 2024.






I McDonald
Mrs A McDonald
Director
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ESSENTIAL CONSULTING (NORFOLK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1.


General information

Essential Consulting (Norfolk) Limited is a private company, limited by shares, domiciled in England and Wales, registered number 07278801. The registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ.

The ongoing principal activity of the company is the provision of consultancy services. Its principal place of business is Norwich, Norfolk.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis on the grounds that projected income and cash reserves will be more than adequate for the Company's need. The directors have considered a period of twelve months from the balance sheet date regarding the Company's ability to continue as a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
ESSENTIAL CONSULTING (NORFOLK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33% straight line
Computer equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at 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.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the 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.

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Page 4

 
ESSENTIAL CONSULTING (NORFOLK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company only enters into basic financial instrument 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 and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 6 April 2023
8,540



At 5 April 2024

8,540



Depreciation


At 6 April 2023
8,178


Charge for the year on owned assets
362



At 5 April 2024

8,540



Net book value



At 5 April 2024
-



At 5 April 2023
362

Page 5

 
ESSENTIAL CONSULTING (NORFOLK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

5.


Debtors

2024
2023
£
£


Trade debtors
75
-

Prepayments and accrued income
213
143

288
143



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
698
386

Accruals and deferred income
1,985
2,114

2,683
2,500



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50 (2023 - 50) 'A' Ordinary shares of £1.00 each
50
50
50 (2023 - 50) 'B' Ordinary shares of £1.00 each
50
50

100

100


8.


Related party transactions

As at 5 April 2024 the directors were owed £698 (2023: £386) by the company.

 
Page 6