Company registration number 14633735 (England and Wales)
G CALDWELL CONSULTING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
G CALDWELL CONSULTING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
G CALDWELL CONSULTING LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
Notes
£
£
Fixed assets
Tangible assets
4
58,542
Investments
5
662
59,204
Current assets
Debtors
6
469
Cash at bank and in hand
2,771
3,240
Creditors: amounts falling due within one year
7
(37,931)
Net current liabilities
(34,691)
Total assets less current liabilities
24,513
Creditors: amounts falling due after more than one year
8
(39,821)
Net liabilities
(15,308)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(15,408)
Total equity
(15,308)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 11 October 2024
Mr G Caldwell
Director
Company registration number 14633735 (England and Wales)
G CALDWELL CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

G Caldwell Consulting Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6 Elmfield Avenue, Teddington, Middlesex, TW11 8BS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
4 years
Motor vehicles
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

G CALDWELL CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

G CALDWELL CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
Number
Total
2
4
Tangible fixed assets
Computers
Motor vehicles
Total
£
£
£
Cost
At 2 February 2023
-
0
-
0
-
0
Additions
1,309
66,415
67,724
At 31 March 2024
1,309
66,415
67,724
Depreciation and impairment
At 2 February 2023
-
0
-
0
-
0
Depreciation charged in the year
327
8,855
9,182
At 31 March 2024
327
8,855
9,182
Carrying amount
At 31 March 2024
982
57,560
58,542
5
Fixed asset investments
2024
£
Other investments other than loans
662
Movements in fixed asset investments
Investments
£
Cost or valuation
At 2 February 2023
-
Additions
662
At 31 March 2024
662
Carrying amount
At 31 March 2024
662
G CALDWELL CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
6
Debtors
2024
Amounts falling due within one year:
£
Other debtors
469
7
Creditors: amounts falling due within one year
2024
£
Obligations under finance leases
11,655
Other creditors
25,677
Accruals and deferred income
599
37,931
8
Creditors: amounts falling due after more than one year
2024
£
Other creditors
39,821
2024-03-312023-02-02false11 October 2024CCH SoftwareCCH Accounts Production 2024.100The principal activity of the company is that of providing engineering consultancy services.
Mr G Caldwellfalsefalse
146337352023-02-022024-03-31146337352024-03-3114633735core:ComputerEquipment2024-03-3114633735core:MotorVehicles2024-03-3114633735core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3114633735core:Non-currentFinancialInstrumentscore:AfterOneYear2024-03-3114633735core:CurrentFinancialInstruments2024-03-3114633735core:ShareCapital2024-03-3114633735core:RetainedEarningsAccumulatedLosses2024-03-3114633735bus:Director12023-02-022024-03-3114633735core:ComputerEquipment2023-02-022024-03-3114633735core:MotorVehicles2023-02-022024-03-3114633735core:ComputerEquipment2023-02-0114633735core:MotorVehicles2023-02-01146337352023-02-0114633735core:WithinOneYear2024-03-3114633735core:Non-currentFinancialInstruments2024-03-3114633735bus:PrivateLimitedCompanyLtd2023-02-022024-03-3114633735bus:SmallCompaniesRegimeForAccounts2023-02-022024-03-3114633735bus:FRS1022023-02-022024-03-3114633735bus:AuditExemptWithAccountantsReport2023-02-022024-03-3114633735bus:FullAccounts2023-02-022024-03-31xbrli:purexbrli:sharesiso4217:GBP