Company Registration No. 04162457 (England and Wales)
Shadow Creek Consulting Limited
Unaudited accounts
for the period from 1 October 2022 to 31 March 2024
Shadow Creek Consulting Limited
Unaudited accounts
Contents
Shadow Creek Consulting Limited
Company Information
for the period from 1 October 2022 to 31 March 2024
Directors
Mr N Wall
Mrs C Wall
Company Number
04162457 (England and Wales)
Registered Office
Red House
North Close
Ipswich
Suffolk
IP4 2TL
Shadow Creek Consulting Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
6
9,120
Creditors: amounts falling due within one year
18,610
(5,360)
Net current assets
18,616
4,080
Total assets less current liabilities
18,616
17,392
Provisions for liabilities
Called up share capital
10
10
Profit and loss account
18,606
16,527
Shareholders' funds
18,616
16,537
For the period ending 31 March 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by
Mr N Wall
Director
Company Registration No. 04162457
Shadow Creek Consulting Limited
Notes to the Accounts
for the period from 1 October 2022 to 31 March 2024
Shadow Creek Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 04162457. The registered office is Red House, North Close, Ipswich, Suffolk, IP4 2TL. The company is in the process of being wound up.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
20% reducing balance
Interests in subsidiaries, associates and jointly controlled entities are initially measured as cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has power to participate in the financial operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual agreement are classified as jointly controlled entities.
Shadow Creek Consulting Limited
Notes to the Accounts
for the period from 1 October 2022 to 31 March 2024
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. Ina assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects the current market assessments of the time value of money and the risks specific to the asset for which the estimates for future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses. the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable anoint, but so that the increased carrying amount des not exceed the carrying amount that would gave been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revealed amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Payments to defined contribution retirement benefit schemes are charged as am expense as they fall due.
Shadow Creek Consulting Limited
Notes to the Accounts
for the period from 1 October 2022 to 31 March 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2022
23,180
6,677
29,857
Disposals
-
(6,677)
(6,677)
At 31 March 2024
23,180
-
23,180
At 1 October 2022
23,196
3,323
26,519
Charge for the period
(16)
671
655
On disposals
-
(3,994)
(3,994)
At 31 March 2024
23,180
-
23,180
At 30 September 2022
(16)
3,354
3,338
5
Investments
Other investments
Valuation at 1 October 2022
9,974
Valuation at 31 March 2024
-
Amounts falling due within one year
Accrued income and prepayments
-
320
7
Creditors: amounts falling due within one year
2024
2022
Taxes and social security
-
(472)
Loans from directors
(18,610)
5,132
8
Average number of employees
During the period the average number of employees was 2 (2022: 2).