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Registration number: 09246827

Consiglieri Consulting Limited

Unaudited Filleted Financial Statements

for the Period from 1 November 2022 to 30 April 2024

 

Consiglieri Consulting Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Consiglieri Consulting Limited

Company Information

Directors

Mr P J Eayres

Mrs J Eayres

Registered office

4 Beau Street
Bath
BA1 1QY

Accountants

Balance Accounts Limited
Chartered Certified Accountants
4 Beau Street
Bath
BA1 1QY

 

Consiglieri Consulting Limited

(Registration number: 09246827)
Balance Sheet as at 30 April 2024

Note

2024
£

2022
£

Fixed assets

 

Tangible assets

4

3,579

85,418

Other financial assets

5

369,050

-

 

372,629

85,418

Current assets

 

Debtors

6

928,202

615,744

Cash at bank and in hand

 

72,776

557,989

 

1,000,978

1,173,733

Creditors: Amounts falling due within one year

7

(285,808)

(284,680)

Net current assets

 

715,170

889,053

Total assets less current liabilities

 

1,087,799

974,471

Creditors: Amounts falling due after more than one year

7

-

(56,135)

Provisions for liabilities

(895)

(229)

Net assets

 

1,086,904

918,107

Capital and reserves

 

Called up share capital

8

100

100

Revaluation reserve

7,050

-

Retained earnings

1,079,754

918,007

Shareholders' funds

 

1,086,904

918,107

For the financial period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

Consiglieri Consulting Limited

(Registration number: 09246827)
Balance Sheet as at 30 April 2024

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period 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 31 October 2024 and signed on its behalf by:
 

.........................................
Mr P J Eayres
Director

.........................................
Mrs J Eayres
Director

 

Consiglieri Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
4 Beau Street
Bath
BA1 1QY
United Kingdom

These financial statements were authorised for issue by the Board on 31 October 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred 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.

 

Consiglieri Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 30 April 2024

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

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:

Asset class

Depreciation method and rate

Office equipment

25% straight line

Motor Vehicles

25% reducing balance

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.

 

Consiglieri Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 30 April 2024

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.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

 

Consiglieri Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 30 April 2024

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 period, was 0 (2022 - 0).

 

Consiglieri Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 30 April 2024

4

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2022

8,988

102,899

111,887

Additions

1,769

-

1,769

Disposals

(3,863)

(102,899)

(106,762)

At 30 April 2024

6,894

-

6,894

Depreciation

At 1 November 2022

3,001

21,437

24,438

Charge for the period

2,146

12,862

15,008

Eliminated on disposal

(1,832)

(34,299)

(36,131)

At 30 April 2024

3,315

-

3,315

Carrying amount

At 30 April 2024

3,579

-

3,579

At 31 October 2022

3,956

81,462

85,418

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

Fair value adjustments

7,050

7,050

Additions

362,000

362,000

At 30 April 2024

369,050

369,050

Impairment

Carrying amount

At 30 April 2024

369,050

369,050

 

Consiglieri Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 30 April 2024

6

Debtors

2024
£

2022
£

Trade debtors

-

49,980

Other debtors

927,029

541,736

Prepayments

1,173

228

Accrued income

-

23,800

928,202

615,744

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2022
£

Due within one year

 

Loans and borrowings

-

14,148

Social security and other taxes

 

57,045

32,544

Accruals

 

2,628

4,766

Income tax liability

226,135

233,222

 

285,808

284,680

Due after one year

 

Loans and borrowings

-

56,135

 

Consiglieri Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 30 April 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2022

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

9

Related party transactions

Summary of transactions with key management

Loans to related parties

2024

Directors
£

At start of period

(541,736)

Advanced

(359,586)

Interest transactions

(25,709)

At end of period

(927,031)

2022

Directors
£

Total
£

Advanced

(537,267)

(537,267)

Interest transactions

(4,469)

(4,469)

At end of period

(541,736)

(541,736)

Terms of loans to related parties

During the year the directors were advanced a further loan from the company of £359,586. Interest was charged on this loan at 2.25% apr.

The balance owing from them at the year end was £927,031 (2022 - £541,736). A loan agreement is in place and there are no fixed terms for repayment.