Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312023-08-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12084836 2023-08-01 2024-07-31 12084836 2022-08-01 2023-07-31 12084836 2024-07-31 12084836 2023-07-31 12084836 c:Director2 2023-08-01 2024-07-31 12084836 d:FurnitureFittings 2023-08-01 2024-07-31 12084836 d:FurnitureFittings 2024-07-31 12084836 d:FurnitureFittings 2023-07-31 12084836 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12084836 d:ComputerEquipment 2023-08-01 2024-07-31 12084836 d:ComputerEquipment 2024-07-31 12084836 d:ComputerEquipment 2023-07-31 12084836 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12084836 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12084836 d:CurrentFinancialInstruments 2024-07-31 12084836 d:CurrentFinancialInstruments 2023-07-31 12084836 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 12084836 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12084836 d:ShareCapital 2024-07-31 12084836 d:ShareCapital 2023-07-31 12084836 d:RetainedEarningsAccumulatedLosses 2024-07-31 12084836 d:RetainedEarningsAccumulatedLosses 2023-07-31 12084836 c:FRS102 2023-08-01 2024-07-31 12084836 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12084836 c:FullAccounts 2023-08-01 2024-07-31 12084836 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12084836 2 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure
Company registration number: 12084836







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2024


NEW VANTAGE CONSULTING LIMITED






































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NEW VANTAGE CONSULTING LIMITED
REGISTERED NUMBER:12084836



STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,454
2,237

  
3,454
2,237

Current assets
  

Debtors: amounts falling due within one year
 5 
96,740
27,885

Cash at bank and in hand
  
59,838
50,037

  
156,578
77,922

Creditors: amounts falling due within one year
 6 
(65,670)
(34,153)

Net current assets
  
 
 
90,908
 
 
43,769

Total assets less current liabilities
  
94,362
46,006

  

Net assets
  
94,362
46,006


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
94,262
45,906

  
94,362
46,006


Page 1

 


NEW VANTAGE CONSULTING LIMITED
REGISTERED NUMBER:12084836


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 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 statement of income and retained earnings 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 by: 




................................................
R E Campbell
Director

Date: 19 September 2024

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

Page 2

 


NEW VANTAGE CONSULTING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

New Vantage Consulting Limited is a private company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office and principal place of business is disclosed on the company information page.
The company's functional and presentational currency is GBP.

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 following principal accounting policies have been applied:

 
2.2

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

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

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


NEW VANTAGE CONSULTING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.5

Taxation

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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
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:

Fixtures and fittings
-
33%
Computer equipment
-
33%

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

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, loans to related parties and investments in ordinary shares.


3.


Employees

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

Page 4

 


NEW VANTAGE CONSULTING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 August 2023
1,269
6,057
7,326


Additions
81
3,046
3,127



At 31 July 2024

1,350
9,103
10,453



Depreciation


At 1 August 2023
653
4,436
5,089


Charge for the year on owned assets
292
1,618
1,910



At 31 July 2024

945
6,054
6,999



Net book value



At 31 July 2024
405
3,049
3,454



At 31 July 2023
616
1,621
2,237


5.


Debtors

2024
2023
£
£


Trade debtors
96,740
27,885

96,740
27,885



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
40,168
21,112

Other taxation and social security
18,571
6,842

Other creditors
5,631
4,899

Accruals and deferred income
1,300
1,300

65,670
34,153


Page 5

 


NEW VANTAGE CONSULTING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


Related party transactions

At the balance sheet date the company owed £5,631 (2023: £4,899) to the director(s). The balance can be found within creditors due within one year. No interest is being charged on this loan.

 
Page 6