Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-311false2023-04-01Cultural education1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06003393 2023-04-01 2024-03-31 06003393 2022-04-01 2023-03-31 06003393 2024-03-31 06003393 2023-03-31 06003393 c:Director1 2023-04-01 2024-03-31 06003393 d:FurnitureFittings 2023-04-01 2024-03-31 06003393 d:FurnitureFittings 2024-03-31 06003393 d:FurnitureFittings 2023-03-31 06003393 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06003393 d:CurrentFinancialInstruments 2024-03-31 06003393 d:CurrentFinancialInstruments 2023-03-31 06003393 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06003393 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06003393 d:ShareCapital 2024-03-31 06003393 d:ShareCapital 2023-03-31 06003393 d:RetainedEarningsAccumulatedLosses 2024-03-31 06003393 d:RetainedEarningsAccumulatedLosses 2023-03-31 06003393 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 06003393 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 06003393 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 06003393 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 06003393 c:FRS102 2023-04-01 2024-03-31 06003393 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06003393 c:FullAccounts 2023-04-01 2024-03-31 06003393 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06003393 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 06003393










VALERIE HANNON CONSULTING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
VALERIE HANNON CONSULTING LIMITED
REGISTERED NUMBER: 06003393

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,596
1,708

Current assets
  

Debtors: amounts falling due within one year
 5 
18,267
25,723

Cash at bank and in hand
  
61,670
120,167

  
79,937
145,890

Creditors: amounts falling due within one year
 6 
(8,705)
(14,054)

Net current assets
  
 
 
71,232
 
 
131,836

  

Net assets
  
73,828
133,544


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
73,728
133,444

  
73,828
133,544


Page 1

 
VALERIE HANNON CONSULTING LIMITED
REGISTERED NUMBER: 06003393
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 her 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 14 November 2024.




V M Hannon
Director

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

Page 2

 
VALERIE HANNON CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Valerie Hannon Consulting Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 06003393). Its registered office is 119 West Royd, Flat 2 Manchester Road, Sheffield, South Yorksire, S10 5DN. The principal activity of the Company throughout the year continued to be that of education consultancy.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is pounds sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
VALERIE HANNON CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current 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.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Page 4

 
VALERIE HANNON CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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, as follows.

The depreciation rates used are:

Fixtures and fittings
-
25%
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 the Statement of Income and Retained Earnings. 

 
2.7

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

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

Page 5

 
VALERIE HANNON CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2023
11,576


Additions
1,819



At 31 March 2024

13,395



Depreciation


At 1 April 2023
9,868


Charge for the year on owned assets
931



At 31 March 2024

10,799



Net book value



At 31 March 2024
2,596



At 31 March 2023
1,708


5.


Debtors

2024
2023
£
£


Trade debtors
4,661
25,723

Other debtors
7,518
-

Deferred taxation
6,088
-

18,267
25,723


Page 6

 
VALERIE HANNON CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
-
204

Corporation tax
-
7,516

Other creditors
5,927
3,684

Accruals
2,778
2,650

8,705
14,054



7.


Deferred taxation




2024


£






Credit to profit or loss
6,088



At end of year
6,088

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(493)
-

Tax losses carried forward
6,581
-

6,088
-

 
Page 7