REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
for |
Anmut Consulting Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
for |
Anmut Consulting Ltd |
Anmut Consulting Ltd (Registered number: 11364475) |
Contents of the Financial Statements |
for the Year Ended 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Chartered Accountants' Report | 8 |
Anmut Consulting Ltd |
Company Information |
for the Year Ended 31 March 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
6 Corfield Close |
Finchampstead |
Wokingham |
Berkshire |
RG40 4PA |
Anmut Consulting Ltd (Registered number: 11364475) |
Balance Sheet |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Prepayments and accrued income |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Other reserves |
Retained earnings |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Anmut Consulting Ltd (Registered number: 11364475) |
Balance Sheet - continued |
31 March 2024 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Anmut Consulting Ltd (Registered number: 11364475) |
Notes to the Financial Statements |
for the Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Anmut Consulting Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Depreciation on Computer Equipment is provided at 33.33% in order to write off each asset over its estimated useful life. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company contributes to defined contribution pension schemes. Contributions payable to the pension schemes are charged to profit or loss in the period to which they relate. |
Anmut Consulting Ltd (Registered number: 11364475) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machiner |
etc |
£ |
COST |
At 1 April 2023 |
Additions |
At 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans |
Anmut Consulting Ltd (Registered number: 11364475) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
8. | FORMER DIRECTOR'S ADVANCES |
The following advances to a director subsisted during the years ended 31 March 2024 and 31 March 2023: |
2024 | 2023 |
£ | £ |
H Heyns |
Balance outstanding at start of year | 162,041 | - |
Amounts advanced | 3,684 | 162,041 |
Amounts repaid | - | - |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | 165,725 | 162,041 |
Post Balance Sheet event |
The Former Director's advance was repaid on 10 October 2024. |
Anmut Consulting Ltd (Registered number: 11364475) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
9. | SHARE-BASED PAYMENT TRANSACTIONS |
Anmut Ltd issued share based options to employees of Anmut Consulting Ltd in terms of the Enterprise Management Incentive share option scheme. Anmut Ltd issued 4969 share options between 1 April 2019 and 31 March 2023, and a further 4903 share options between 1 April 2023 and 31 March 2024. |
The options are settled in equity and vest over a period of 3 years. Vesting is conditional on continued employment from date of grant to date of exercise. The following table summarises the option activity during the period. |
Opening balance | Granted during period | Forfeited during period | Exercised during period | Closing balance | Exercisable |
Tranche 2 | 295 | 231 | 64 | 64 |
Tranche 3 | 313 | 10 | 42 | 261 | 210 |
Tranche 4 | 194 | 34 | 160 | 12 |
Tranche 5 | 1141 | 7 | 31 | 1103 | 241 |
Tranche 6 | 150 | 10 | 140 |
Tranche 7 | 4747 | 4747 | 3086 |
Tranche 8 | 49 | 3 | 46 |
The fair value of the employment service received is based on the value of the equity instrument granted. An entity shall measure the fair value of share options using an observable market price. However, if an observable market price is not available the fair value can be determined using an option pricing model. The Black-Scholes-Merton methodology was used because it estimates the value of options based on the limited observable market prices. The following assumptions were used in the Black-Scholes-Merton pricing model: |
Tranche | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
Number of options outstanding | 64 | 261 | 160 | 1103 | 140 | 4747 | 46 |
Exercise price | 7.8 | 22.39 | 14.84 | 14.84 | 13.94 | 13.94 | 13.94 |
Share price | 69 | 103 | 113 | 179 | 82 | 131 | 82 |
Volatility | 70% | 70% | 70% | 70% | 70% | 70% | 70% |
Annual risk free rate | 1.1% | 1.1% | 4% | 4% | 5.3% | 5.3% | 5.3% |
The share based payment expense recognised in the profit and loss for the period is £99965 and the capital contribution by Anmut Ltd is recognised as £87055 under Other reserves. A deferred tax asset of £23758 is recognised based on the expected tax deduction when options are exercised. |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Anmut Consulting Ltd |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Anmut Consulting Ltd for the year ended 31 March 2024 which comprise the Income Statement, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Anmut Consulting Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Anmut Consulting Ltd and state those matters that we have agreed to state to the Board of Directors of Anmut Consulting Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Anmut Consulting Ltd and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Anmut 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 Anmut Consulting Ltd. You consider that Anmut Consulting Ltd is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Anmut 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. |
6 Corfield Close |
Finchampstead |
Wokingham |
Berkshire |
RG40 4PA |