Caseware UK (AP4) 2023.0.135 2023.0.135 true2023-02-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11164657 2023-02-01 2024-01-31 11164657 2022-02-01 2023-01-31 11164657 2024-01-31 11164657 2023-01-31 11164657 c:Director1 2023-02-01 2024-01-31 11164657 c:RegisteredOffice 2023-02-01 2024-01-31 11164657 d:OfficeEquipment 2023-02-01 2024-01-31 11164657 d:OfficeEquipment 2024-01-31 11164657 d:OfficeEquipment 2023-01-31 11164657 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 11164657 d:CurrentFinancialInstruments 2024-01-31 11164657 d:CurrentFinancialInstruments 2023-01-31 11164657 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 11164657 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 11164657 d:ShareCapital 2024-01-31 11164657 d:ShareCapital 2023-01-31 11164657 d:RetainedEarningsAccumulatedLosses 2024-01-31 11164657 d:RetainedEarningsAccumulatedLosses 2023-01-31 11164657 c:OrdinaryShareClass1 2023-02-01 2024-01-31 11164657 c:OrdinaryShareClass1 2024-01-31 11164657 c:OrdinaryShareClass1 2023-01-31 11164657 c:FRS102 2023-02-01 2024-01-31 11164657 c:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 11164657 c:FullAccounts 2023-02-01 2024-01-31 11164657 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11164657 2 2023-02-01 2024-01-31 11164657 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11164657










Little Owl Consulting Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 January 2024

 
Little Owl Consulting Ltd
 

Company Information


Director
Edward Martin 




Registered number
11164657



Registered office
1 Tayne Cottage
Canterbury Road

Lyminge

Kent

CT18 8HT




Accountants
Kreston Reeves LLP
Chartered Accountants

37 St Margaret's Street

Canterbury

Kent

CT1 2TU





 
Little Owl Consulting Ltd
 

Contents



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


 
Little Owl Consulting Ltd
 
  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of Little Owl Consulting Ltd for the year ended 31 January 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Little Owl Consulting Ltd for the year ended 31 January 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Little Owl Consulting Ltd in accordance with the terms of our engagement letter dated 17 January 2023Our work has been undertaken solely to prepare for your approval the financial statements of Little Owl Consulting Ltd and state those matters that we have agreed to state to the director of Little Owl Consulting Ltd in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Little Owl Consulting Ltd and its director for our work or for this report. 

It is your duty to ensure that Little Owl Consulting Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Little Owl Consulting Ltd. You consider that Little Owl Consulting Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Little Owl Consulting Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
Canterbury
30 August 2024
Page 1

 
Little Owl Consulting Ltd
Registered number: 11164657

Balance sheet
As at 31 January 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
194
283

  
194
283

Current assets
  

Debtors: amounts falling due within one year
 5 
2,661
3,802

Cash at bank and in hand
  
41,556
23,269

  
44,217
27,071

Creditors: amounts falling due within one year
 6 
(27,829)
(17,975)

Net current assets
  
 
 
16,388
 
 
9,096

Total assets less current liabilities
  
16,582
9,379

  

Net assets
  
16,582
9,379


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
16,581
9,378

  
16,582
9,379


The director considers 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 director acknowledges his 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 on 30 August 2024.


E Martin
Director

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

Page 2

 
Little Owl Consulting Ltd
 

 
Notes to the financial statements
For the year ended 31 January 2024

1.


General information

Little Owl Consulting Ltd is a private company limited by shares which was incorporated in England and Wales.
The company’s registered office is 1 Tayne Cottage, Canterbury Road, Lyminge, Kent CT18 8HT. 
The financial statements are presented in pound Sterling, and rounded to the nearest pound. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

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 balance sheet date in the countries where the Company operates and generates income.

Page 3

 
Little Owl Consulting Ltd
 

 
Notes to the financial statements
For the year ended 31 January 2024

2.Accounting policies (continued)

 
2.5

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
-
20%
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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 4

 
Little Owl Consulting Ltd
 

 
Notes to the financial statements
For the year ended 31 January 2024

3.


Employees

2024
2023
£
£

Wages and salaries
12,570
11,908

Social security costs
479
423

13,049
12,331


The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 February 2023
452



At 31 January 2024

452



Depreciation


At 1 February 2023
168


Charge for the year on owned assets
90



At 31 January 2024

258



Net book value



At 31 January 2024
194



At 31 January 2023
284

Page 5

 
Little Owl Consulting Ltd
 

 
Notes to the financial statements
For the year ended 31 January 2024

5.


Debtors

2024
2023
£
£


Trade debtors
2,661
1,268

Prepayments and accrued income
-
2,534

2,661
3,802



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
18,580
12,951

Other taxation and social security
5,040
1,690

Other creditors
1,645
1,333

Accruals and deferred income
2,564
2,001

27,829
17,975



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



8.


Related party transactions

The company paid dividends of £60,000 (2023: £50,000) to the director during the year.


9.


Controlling party

The company was controlled throughout the year by the director Mr E Martin, by virtue of the fact that he owns the entire issued share capital. 


Page 6