CHURCHILL EXECUTIVE SEARCH LIMITED 08167458 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the recruitment of senior executives. Digita Accounts Production Advanced 6.30.9574.0 true true 08167458 2023-04-01 2024-03-31 08167458 2024-03-31 08167458 bus:OrdinaryShareClass1 2024-03-31 08167458 core:RetainedEarningsAccumulatedLosses 2024-03-31 08167458 core:ShareCapital 2024-03-31 08167458 core:CurrentFinancialInstruments 2024-03-31 08167458 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08167458 core:Non-currentFinancialInstruments 2024-03-31 08167458 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 08167458 core:OfficeEquipment 2024-03-31 08167458 bus:SmallEntities 2023-04-01 2024-03-31 08167458 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08167458 bus:FilletedAccounts 2023-04-01 2024-03-31 08167458 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08167458 bus:RegisteredOffice 2023-04-01 2024-03-31 08167458 bus:Director1 2023-04-01 2024-03-31 08167458 bus:Director2 2023-04-01 2024-03-31 08167458 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 08167458 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08167458 core:OfficeEquipment 2023-04-01 2024-03-31 08167458 countries:EnglandWales 2023-04-01 2024-03-31 08167458 2023-03-31 08167458 core:OfficeEquipment 2023-03-31 08167458 2022-04-01 2023-03-31 08167458 2023-03-31 08167458 bus:OrdinaryShareClass1 2023-03-31 08167458 core:RetainedEarningsAccumulatedLosses 2023-03-31 08167458 core:ShareCapital 2023-03-31 08167458 core:CurrentFinancialInstruments 2023-03-31 08167458 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08167458 core:Non-currentFinancialInstruments 2023-03-31 08167458 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 08167458 core:OfficeEquipment 2023-03-31 08167458 core:PreviouslyStatedAmount 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08167458

CHURCHILL EXECUTIVE SEARCH LIMITED

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

CHURCHILL EXECUTIVE SEARCH LIMITED

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

CHURCHILL EXECUTIVE SEARCH LIMITED

Company Information

Directors

Mr Richard Boot OBE DL

James Boot

Registered office

Old Post House
Rowington
Warwickshire
CV35 7DB

Accountants

Smart Accountants (Small Business Centre) Limited
113-115 Belvoir Road
Coalville
Leicestershire
LE67 3PH

 

CHURCHILL EXECUTIVE SEARCH LIMITED

(Registration number: 08167458)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

167

417

Current assets

 

Debtors

5

72,164

99,901

Cash at bank and in hand

 

2,669

3,741

 

74,833

103,642

Creditors: Amounts falling due within one year

6

(127,619)

(168,533)

Net current liabilities

 

(52,786)

(64,891)

Total assets less current liabilities

 

(52,619)

(64,474)

Creditors: Amounts falling due after more than one year

6

(9,800)

(18,200)

Net liabilities

 

(62,419)

(82,674)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(62,519)

(82,774)

Shareholders' deficit

 

(62,419)

(82,674)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 November 2024 and signed on its behalf by:
 

 

CHURCHILL EXECUTIVE SEARCH LIMITED

(Registration number: 08167458)
Balance Sheet as at 31 March 2024

.........................................
Mr Richard Boot OBE DL
Director

 

CHURCHILL EXECUTIVE SEARCH LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
Old Post House
Rowington
Warwickshire
CV35 7DB
England

These financial statements were authorised for issue by the Board on 28 November 2024.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises current 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.

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.

 

CHURCHILL EXECUTIVE SEARCH LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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:
Office Equipment

Asset class

Depreciation method and rate

Office Equipment

33.33% St 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

CHURCHILL EXECUTIVE SEARCH LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

CHURCHILL EXECUTIVE SEARCH LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

750

750

At 31 March 2024

750

750

Depreciation

At 1 April 2023

333

333

Charge for the year

250

250

At 31 March 2024

583

583

Carrying amount

At 31 March 2024

167

167

At 31 March 2023

417

417

5

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

39,214

48,063

Amounts owed by group undertakings

-

11,359

Prepayments

 

4,000

11,229

Other debtors

 

28,950

29,250

   

72,164

99,901

6

Creditors

Creditors: amounts falling due within one year

 

CHURCHILL EXECUTIVE SEARCH LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

8,400

8,400

Trade creditors

 

13,440

27,836

Taxation and social security

 

29,661

12,760

Accruals and deferred income

 

37,666

10,000

Other creditors

 

38,452

109,537

 

127,619

168,533

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

9,800

18,200

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

9,800

18,200

Current loans and borrowings

2024
£

2023
£

Bank borrowings

8,400

8,400