Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29false2023-03-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09454278 2023-03-01 2024-02-29 09454278 2022-03-01 2023-02-28 09454278 2024-02-29 09454278 2023-02-28 09454278 c:Director1 2023-03-01 2024-02-29 09454278 d:MotorVehicles 2023-03-01 2024-02-29 09454278 d:MotorVehicles 2024-02-29 09454278 d:MotorVehicles 2023-02-28 09454278 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 09454278 d:OfficeEquipment 2023-03-01 2024-02-29 09454278 d:OfficeEquipment 2024-02-29 09454278 d:OfficeEquipment 2023-02-28 09454278 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 09454278 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 09454278 d:CurrentFinancialInstruments 2024-02-29 09454278 d:CurrentFinancialInstruments 2023-02-28 09454278 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 09454278 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 09454278 d:ShareCapital 2024-02-29 09454278 d:ShareCapital 2023-02-28 09454278 d:RetainedEarningsAccumulatedLosses 2024-02-29 09454278 d:RetainedEarningsAccumulatedLosses 2023-02-28 09454278 c:FRS102 2023-03-01 2024-02-29 09454278 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09454278 c:FullAccounts 2023-03-01 2024-02-29 09454278 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09454278 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 09454278 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 09454278 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 09454278










LINGWELL CONSULTING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
LINGWELL CONSULTING LIMITED
REGISTERED NUMBER: 09454278

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
57,621
76,579

  
57,621
76,579

Current assets
  

Debtors: amounts falling due within one year
 5 
9,163
4,166

Cash at bank and in hand
 6 
275,909
208,907

  
285,072
213,073

Creditors: amounts falling due within one year
 7 
(63,982)
(45,503)

Net current assets
  
 
 
221,090
 
 
167,570

Total assets less current liabilities
  
278,711
244,149

Provisions for liabilities
  

Deferred tax
 8 
(14,539)
(14,472)

  
 
 
(14,539)
 
 
(14,472)

Net assets
  
264,172
229,677


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
263,172
228,677

  
264,172
229,677


Page 1

 
LINGWELL CONSULTING LIMITED
REGISTERED NUMBER: 09454278

BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider 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 directors acknowledge their 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 22 November 2024.




G H Tappenden
Director

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

Page 2

 
LINGWELL CONSULTING LIMITED
 

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

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.

The following principal accounting policies have been applied:

 
1.2

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.

 
1.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 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.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 3

 
LINGWELL CONSULTING LIMITED
 

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

1.Accounting policies (continued)

 
1.4

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.

Depreciation is provided on the following basis:

Motor vehicles
-
25% reducing balance
Office 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.

 
1.5

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.

 
1.6

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.

 
1.7

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.

 
1.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
1.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
LINGWELL CONSULTING LIMITED
 

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

2.


General information

Lingwell Consulting Limited is a private limited company incorporated in England and Wales. The Registered Office is Kingsridge House, 601 London Road, Westcliff-On-Sea, Essex, SS0 9PE.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets







Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 March 2023
85,484
4,026
89,510


Additions
-
249
249



At 29 February 2024

85,484
4,275
89,759



Depreciation


At 1 March 2023
8,905
4,026
12,931


Charge for the year on owned assets
19,145
62
19,207



At 29 February 2024

28,050
4,088
32,138



Net book value



At 29 February 2024
57,434
187
57,621



At 28 February 2023
76,579
-
76,579

Page 5

 
LINGWELL CONSULTING LIMITED
 

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

5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
8,172
3,932

Prepayments and accrued income
991
234

9,163
4,166



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
275,909
208,907



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Corporation tax
26,603
8,845

Other taxation and social security
10,657
7,263

Other creditors
24,910
27,632

Accruals and deferred income
1,812
1,763

63,982
45,503



8.


Deferred taxation






2024


£






At beginning of year
(14,472)


Charged to profit or loss
(67)



At end of year
(14,539)

Page 6

 
LINGWELL CONSULTING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
 
8.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

29 February
28 February
2024
2023
£
£


Accelerated capital allowances
(14,539)
(14,472)

(14,539)
(14,472)


Page 7