Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-12-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11046485 2022-12-01 2023-11-30 11046485 2021-12-01 2022-11-30 11046485 2023-11-30 11046485 2022-11-30 11046485 c:Director1 2022-12-01 2023-11-30 11046485 d:CurrentFinancialInstruments 2023-11-30 11046485 d:CurrentFinancialInstruments 2022-11-30 11046485 d:Non-currentFinancialInstruments 2023-11-30 11046485 d:Non-currentFinancialInstruments 2022-11-30 11046485 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11046485 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 11046485 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 11046485 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 11046485 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 11046485 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-11-30 11046485 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 11046485 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-11-30 11046485 d:ShareCapital 2023-11-30 11046485 d:ShareCapital 2022-11-30 11046485 d:RetainedEarningsAccumulatedLosses 2023-11-30 11046485 d:RetainedEarningsAccumulatedLosses 2022-11-30 11046485 c:OrdinaryShareClass1 2022-12-01 2023-11-30 11046485 c:OrdinaryShareClass1 2023-11-30 11046485 c:FRS102 2022-12-01 2023-11-30 11046485 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11046485 c:FullAccounts 2022-12-01 2023-11-30 11046485 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11046485 2 2022-12-01 2023-11-30 11046485 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11046485









EMINENCE CONSULTANTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
EMINENCE CONSULTANTS LIMITED
REGISTERED NUMBER: 11046485

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors due within 1 year
  
56,403
57,090

Cash at bank and in hand
 5 
2,184
8,363

  
58,587
65,453

Creditors: amounts falling due within one year
 6 
(45,822)
(43,655)

Net current assets
  
 
 
12,765
 
 
21,798

Total assets less current liabilities
  
12,765
21,798

Creditors: amounts falling due after more than one year
 7 
(2,454)
(4,004)

  

Net assets
  
10,311
17,794


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
10,211
17,694

  
10,311
17,794


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 his 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.
 
Page 1

 
EMINENCE CONSULTANTS LIMITED
REGISTERED NUMBER: 11046485
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023


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 18 November 2024.




Oliver James Al-falah
Director

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

Page 2

 
EMINENCE CONSULTANTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.Accounting policies

 
1.1

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.

 
1.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
1.3

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:

 
1.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
1.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
EMINENCE CONSULTANTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.Accounting policies (continued)

 
1.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
1.8

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 reporting date in the countries where the Company operates and generates income.


 
1.9

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.

 
1.10

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.

 
1.11

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

 
EMINENCE CONSULTANTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
 
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
 
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
 
Accrued Expenditure
 
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end. 


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Trade debtors
56,403
56,403

Director's loan account
-
688

56,403
57,091



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,184
8,363

2,184
8,363


Page 5

 
EMINENCE CONSULTANTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
1,550
1,550

Trade creditors
6,963
-

Corporation tax
24,281
29,334

Other taxation and social security
2,631
4,240

Other creditors
5,730
5,731

Director's loan account
1,867
-

Accruals and deferred income
2,800
2,800

45,822
43,655



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
2,454
4,004

2,454
4,004


Page 6

 
EMINENCE CONSULTANTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
1,550
1,550


1,550
1,550

Amounts falling due 1-2 years

Bank loans
1,550
1,550


1,550
1,550

Amounts falling due 2-5 years

Bank loans
904
2,454


904
2,454


4,004
5,554



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100  Ordinary shares of £1.00 each
100
100



10.


Related party transactions

At the balance sheet date, Mr Oliver Al-Falah, the sole director and shareholder owed £1,867 by the company (2022 - £688 was owed to the company). Interest was charged at 2% on all outstanding balances.

 
Page 7