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Registration number: 10605368

Caroline Maclean Management Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Caroline Maclean Management Services Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Caroline Maclean Management Services Limited

Company Information

Director

Ms Caroline Mary Maclean

Registered office

Ravine House South Road
St. Georges Hill
Weybridge
Surrey
KT13 0NA

Accountants

Michaelides Warner & Co Limited
102 Fulham Palace Road
London
W6 9PL

 

Caroline Maclean Management Services Limited

(Registration number: 10605368)
Balance Sheet as at 29 February 2024

Note

29 February
2024
£

28 February
2023
£

Fixed assets

 

Tangible assets

4

-

18

Current assets

 

Debtors

5

11,643

4,579

Cash at bank and in hand

 

54,290

51,600

 

65,933

56,179

Creditors: Amounts falling due within one year

6

(62,539)

(56,136)

Net current assets

 

3,394

43

Net assets

 

3,394

61

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

3,393

60

Shareholders' funds

 

3,394

61

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 October 2024

.........................................

Ms Caroline Mary Maclean
Director

 

Caroline Maclean Management Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ravine House South Road
St. Georges Hill
Weybridge
Surrey
KT13 0NA
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change
attributable to an item of income or expense recognised as other comprehensive income is also recognised
directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or
substantively enacted by the reporting date in the countries where the company operates and generates
taxable income.

 

Caroline Maclean Management Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

3 Years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if the company does not have an
unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve
months after the reporting date. If there is an unconditional right to defer settlement for at least twelve
months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost
using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other
resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is
deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Caroline Maclean Management Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like investments, trade and other receivables, cash and bank balances, trade and other creditors.

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 cash consolidation expected to be paid or received.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

3,251

3,251

At 29 February 2024

3,251

3,251

Depreciation

At 1 March 2023

3,233

3,233

Charge for the year

18

18

At 29 February 2024

3,251

3,251

Carrying amount

At 29 February 2024

-

-

At 28 February 2023

18

18

 

Caroline Maclean Management Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

5

Debtors

Current

29 February
2024
£

28 February
2023
£

Trade debtors

11,643

4,579

 

11,643

4,579

6

Creditors

Creditors: amounts falling due within one year

29 February
2024
£

28 February
2023
£

Due within one year

Trade creditors

13

26

Taxation and social security

14,357

10,227

Accruals and deferred income

990

990

Other creditors

47,179

44,893

62,539

56,136

 

Caroline Maclean Management Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

7

Share capital

Allotted, called up and fully paid shares

 

29 February
2024

28 February
2023

 

No.

£

No.

£

Ordinary shares of £0.01 each

100

1

100

1

         

8

Related party transactions

Transactions with the director

2024

At 1 March 2023
£

Other payments made to company by director
£

At 29 February 2024
£

Ms Caroline Mary Maclean

Amounts owed to / (from) the Director

44,892

2,286

47,179

       
     

 

2023

At 1 March 2022
£

Other payments made to company by director
£

At 28 February 2023
£

Ms Caroline Mary Maclean

Amounts owed to / (from) the Director

36,202

8,691

44,892