Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseConsultancy22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08084207 2023-04-01 2024-03-31 08084207 2022-04-01 2023-03-31 08084207 2024-03-31 08084207 2023-03-31 08084207 c:Director1 2023-04-01 2024-03-31 08084207 d:MotorVehicles 2023-04-01 2024-03-31 08084207 d:MotorVehicles 2024-03-31 08084207 d:MotorVehicles 2023-03-31 08084207 d:FurnitureFittings 2023-04-01 2024-03-31 08084207 d:FurnitureFittings 2024-03-31 08084207 d:FurnitureFittings 2023-03-31 08084207 d:CurrentFinancialInstruments 2024-03-31 08084207 d:CurrentFinancialInstruments 2023-03-31 08084207 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08084207 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08084207 d:ShareCapital 2024-03-31 08084207 d:ShareCapital 2023-03-31 08084207 d:RetainedEarningsAccumulatedLosses 2024-03-31 08084207 d:RetainedEarningsAccumulatedLosses 2023-03-31 08084207 c:EntityNoLongerTradingButTradedInPast 2023-04-01 2024-03-31 08084207 c:FRS102 2023-04-01 2024-03-31 08084207 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08084207 c:FullAccounts 2023-04-01 2024-03-31 08084207 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08084207 2 2023-04-01 2024-03-31 08084207 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 08084207









TIM KELLY CONSULTING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
TIM KELLY CONSULTING LIMITED
REGISTERED NUMBER: 08084207

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
42,799

  
-
42,799

Current assets
  

Stocks
 5 
-
2,446

Debtors: amounts falling due within one year
 6 
176,008
176,078

Cash at bank and in hand
 7 
296,163
174,056

  
472,171
352,580

Creditors: amounts falling due within one year
 8 
(56,896)
(7,798)

Net current assets
  
 
 
415,275
 
 
344,782

Total assets less current liabilities
  
415,275
387,581

  

Net assets
  
415,275
387,581


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
415,175
387,481

  
415,275
387,581


Page 1

 
TIM KELLY CONSULTING LIMITED
REGISTERED NUMBER: 08084207
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 on 16 October 2024.




................................................
Timothy Kelly
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
TIM KELLY CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The Company is a private company limited by shares, incorporated in England and Wales. The principal activity during the year was the provision of management consultancy services. The Company ceased trading on 31/03/2024.

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

 
TIM KELLY CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 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, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance

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

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

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.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

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.

Page 4

 
TIM KELLY CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

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


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£





At 1 April 2023
47,355
18,425
65,780


Additions
-
979
979


Disposals
(47,355)
(19,404)
(66,759)



At 31 March 2024

-
-
-





At 1 April 2023
11,839
11,142
22,981


Disposals
(11,839)
(11,142)
(22,981)



At 31 March 2024

-
-
-



Net book value



At 31 March 2024
-
-
-



At 31 March 2023
35,516
7,283
42,799

Page 5

 
TIM KELLY CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Stocks

2024
2023
£
£

Work in progress
-
2,446

-
2,446



6.


Debtors

2024
2023
£
£


Trade debtors
4,230
600

Other debtors
171,778
175,478

176,008
176,078


Included within other debtors is a loan to Timothy Kelly and Alexandra Kelly, the directors, amounting to £129,006 (2023 - £104,526).




7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
296,163
174,056

296,163
174,056



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
33,500
-

Other taxation and social security
20,498
1,466

Other creditors
-
5,107

Accruals and deferred income
2,898
1,225

56,896
7,798


Page 6

 
TIM KELLY CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Controlling party

The Company is controlled by the director, Timothy Kelly, by virtue of his shareholding as described in the directors' report.

 
Page 7