CLIVE WALLER CONSULTING LIMITED
Registered number: 06837484
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,759 1,987
Current assets
Debtors 4 66,370 19,007
Cash at bank and in hand 226,425 270,148
292,795 289,155
Creditors: amounts falling due within one year 5 (50,658) (49,016)
Net current assets 242,137 240,139
Net assets 243,896 242,126
Capital and reserves
Called up share capital 100 100
Profit and loss account 243,796 242,026
Shareholders' funds 243,896 242,126
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C D R Waller
Director
Approved by the board on 30 September 2024
CLIVE WALLER CONSULTING LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Equipment and Office Fittings
£
Cost
At 1 April 2023 8,679
Additions 1,885
At 31 March 2024 10,564
Depreciation
At 1 April 2023 6,692
Charge for the year 2,113
At 31 March 2024 8,805
Net book value
At 31 March 2024 1,759
At 31 March 2023 1,987
4 Debtors 2024 2023
£ £
Trade debtors 47,363 -
Other debtors 19,007 19,007
66,370 19,007
5 Creditors: amounts falling due within one year 2024 2023
£ £
Director's Loan account 1,696 86
Corporation tax 27,434 15,010
Other taxes and social security costs 19,044 31,402
Other creditors 2,484 2,518
50,658 49,016
6 Other information
CLIVE WALLER CONSULTING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Spindles, Ramsdean Road,
Stroud
Petersfield
Hampshire
GU32 3PJ
CLIVE WALLER CONSULTING LIMITED 06837484 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 C D R Waller No description of principal activity 06837484 2022-04-01 2023-03-31 06837484 core:WithinOneYear 2023-03-31 06837484 core:ShareCapital 2023-03-31 06837484 core:RetainedEarningsAccumulatedLosses 2023-03-31 06837484 2023-04-01 2024-03-31 06837484 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06837484 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06837484 bus:Director40 2023-04-01 2024-03-31 06837484 1 2023-04-01 2024-03-31 06837484 2 2023-04-01 2024-03-31 06837484 core:PlantMachinery 2023-04-01 2024-03-31 06837484 countries:England 2023-04-01 2024-03-31 06837484 bus:FRS102 2023-04-01 2024-03-31 06837484 bus:FilletedAccounts 2023-04-01 2024-03-31 06837484 2024-03-31 06837484 core:WithinOneYear 2024-03-31 06837484 core:ShareCapital 2024-03-31 06837484 core:RetainedEarningsAccumulatedLosses 2024-03-31 06837484 core:PlantMachinery 2024-03-31 06837484 2023-03-31 06837484 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure