Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29false2023-03-01No description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07517528 2023-03-01 2024-02-29 07517528 2024-02-29 07517528 2022-03-01 2023-02-28 07517528 2023-02-28 07517528 c:Director1 2023-03-01 2024-02-29 07517528 d:OfficeEquipment 2023-03-01 2024-02-29 07517528 d:OfficeEquipment 2024-02-29 07517528 d:OfficeEquipment 2023-02-28 07517528 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07517528 d:CurrentFinancialInstruments 2024-02-29 07517528 d:CurrentFinancialInstruments 2023-02-28 07517528 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 07517528 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 07517528 d:ShareCapital 2024-02-29 07517528 d:ShareCapital 2023-02-28 07517528 d:RetainedEarningsAccumulatedLosses 2024-02-29 07517528 d:RetainedEarningsAccumulatedLosses 2023-02-28 07517528 c:FRS102 2023-03-01 2024-02-29 07517528 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07517528 c:FullAccounts 2023-03-01 2024-02-29 07517528 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07517528 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Company registration number: 07517528







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
29 FEBRUARY 2024


ETIKO CONSULTING LTD






































img6028.png                        

 


ETIKO CONSULTING LTD
REGISTERED NUMBER:07517528



STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
271
542

  
271
542

Current assets
  

Debtors: amounts falling due within one year
 5 
12,350
15,781

Bank and cash balances
  
23,471
2,685

  
35,821
18,466

Creditors: amounts falling due within one year
 6 
(37,711)
(18,954)

Net current liabilities
  
 
 
(1,890)
 
 
(488)

Total assets less current liabilities
  
(1,619)
54

  

Net (liabilities)/assets
  
(1,619)
54


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
(1,629)
44

  
(1,619)
54


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.

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 by: 




................................................
S Revitt
Director

Page 1

 


ETIKO CONSULTING LTD
REGISTERED NUMBER:07517528


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

Date: 25 November 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


ETIKO CONSULTING LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Etiko Consulting Limited is a private Company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of its registered office is disclosed on the company information page.

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

Going concern

The director has a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.

 
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

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.

 
2.5

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.

Page 3

 


ETIKO CONSULTING LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Equipment
-
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 profit or loss.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

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

Page 4

 


ETIKO CONSULTING LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Plant and machinery etc.

£



Cost or valuation


At 1 March 2023
1,601



At 29 February 2024

1,601



Depreciation


At 1 March 2023
1,059


Charge for the year on owned assets
271



At 29 February 2024

1,330



Net book value



At 29 February 2024
271



At 28 February 2023
542


5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
-
7,200

Other debtors
-
8,581

Prepayments and accrued income
12,350
-

12,350
15,781


Page 5

 


ETIKO CONSULTING LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
216
3,330

Corporation tax
28,000
5,721

Other taxation and social security
6,797
7,473

Other creditors
148
-

Accruals and deferred income
2,550
2,430

37,711
18,954



7.


Transactions with directors

The director had an overdrawn loan account during the year as below. No interest was paid on this.


Brought forward
Advances
Repaid
Carried forward
£
£
£
£

Director's loan account
8,581
20,550
29,279
(148)
8,581
20,550
29,279
(148)

 
Page 6