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COTTONWOOD CONSULTING LIMITED
REGISTERED NUMBER:05653297
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STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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For the year ended 31 March 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.
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:
The notes on page 2 form part of these financial statements.
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COTTONWOOD CONSULTING LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Cottonwood Consulting Limited is a private company, limited by shares and registered in England and Wales. The company's registered number is 05653297 and the registered office is 38 York Close, Southwater, Horsham, West Sussex, RH13 9XJ.
2.Accounting policies
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Basis of preparation of financial statements
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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 financial statements have been prepared on a going concern basis on the assumption that the director will not demand repayment of his director's current account amounting to £72,024 and will provide additional financial support as needed to allow the company to meet its liabilities as they fall due.
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.
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The average monthly number of employees, including directors, during the year was 1 (2023 - 1).
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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Related party transactions
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As at 31 March 2024 the company owed the director £72,024 (2023 - £69,948). No interest is being charged on the loan and there is no agreed repayment date.
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