Company Registration No. 04568474 (England and Wales)
Celtic Research Limited
Unaudited accounts
for the year ended 31 March 2024
Celtic Research Limited
Unaudited accounts
Contents
Celtic Research Limited
Company Information
for the year ended 31 March 2024
Directors
Hector Birchwood
Peter Birchwood
Company Number
04568474 (England and Wales)
Registered Office
9 Broad Street
Montgomery
Powys
SY15 6PH
Wales
Celtic Research Limited
Statement of financial position
as at 31 March 2024
Tangible assets
3,002
3,176
Investment property
234,000
234,000
Cash at bank and in hand
154,921
174,497
Creditors: amounts falling due within one year
(101,841)
(91,686)
Net current assets
52,603
92,386
Net assets
345,197
385,154
Called up share capital
119
151
Profit and loss account
345,078
385,003
Shareholders' funds
345,197
385,154
For the year 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 3 October 2024 and were signed on its behalf by
Hector Birchwood
Director
Company Registration No. 04568474
Celtic Research Limited
Notes to the Accounts
for the year ended 31 March 2024
Celtic Research Limited is a private company, limited by shares, registered in England and Wales, registration number 04568474. The registered office is 9 Broad Street, Montgomery, Powys, SY15 6PH, Wales.
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 year, 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
20% residual value
Computer equipment
33% straight line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Investments in shares are included at fair value.
Celtic Research Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
21,136
7,651
28,787
At 31 March 2024
21,136
8,625
29,761
At 1 April 2023
18,252
7,359
25,611
Charge for the year
577
571
1,148
At 31 March 2024
18,829
7,930
26,759
At 31 March 2024
2,307
695
3,002
At 31 March 2023
2,884
292
3,176
Fair value at 1 April 2023
234,000
6
Investments
Other investments
Valuation at 1 April 2023
55,592
Valuation at 31 March 2024
55,592
Amounts falling due within one year
Amounts falling due after more than one year
Accrued income and prepayments
(515)
-
8
Creditors: amounts falling due within one year
2024
2023
Trade creditors
73,726
75,201
Taxes and social security
27,411
8,869
Loans from directors
35
155
Celtic Research Limited
Notes to the Accounts
for the year ended 31 March 2024
Allotted, called up and fully paid:
119 Ordinary shares of £1 each
119
151
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).