Consultika (Collingham) Limited 10234312 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is the provision of veterinary services. Digita Accounts Production Advanced 6.30.9574.0 true true 10234312 2023-09-01 2024-08-31 10234312 2024-08-31 10234312 bus:Director1 1 2024-08-31 10234312 core:FurtherSpecificItem1DeferredTaxComponentTotalForDeferredTax 2024-08-31 10234312 core:OtherDeferredTax 2024-08-31 10234312 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-08-31 10234312 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-08-31 10234312 core:CurrentFinancialInstruments 2024-08-31 10234312 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 10234312 core:Non-currentFinancialInstruments 2024-08-31 10234312 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 10234312 core:Goodwill 2024-08-31 10234312 core:FurnitureFittingsToolsEquipment 2024-08-31 10234312 core:MotorVehicles 2024-08-31 10234312 bus:SmallEntities 2023-09-01 2024-08-31 10234312 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 10234312 bus:FilletedAccounts 2023-09-01 2024-08-31 10234312 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10234312 bus:RegisteredOffice 2023-09-01 2024-08-31 10234312 bus:Director1 2023-09-01 2024-08-31 10234312 bus:Director1 1 2023-09-01 2024-08-31 10234312 bus:Director2 2023-09-01 2024-08-31 10234312 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10234312 core:Goodwill 2023-09-01 2024-08-31 10234312 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 10234312 core:MotorVehicles 2023-09-01 2024-08-31 10234312 core:OfficeEquipment 2023-09-01 2024-08-31 10234312 core:PlantMachinery 2023-09-01 2024-08-31 10234312 core:Vehicles 2023-09-01 2024-08-31 10234312 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-09-01 2024-08-31 10234312 countries:AllCountries 2023-09-01 2024-08-31 10234312 2023-08-31 10234312 bus:Director1 1 2023-08-31 10234312 core:Goodwill 2023-08-31 10234312 core:FurnitureFittingsToolsEquipment 2023-08-31 10234312 core:MotorVehicles 2023-08-31 10234312 2022-09-01 2023-08-31 10234312 2023-08-31 10234312 bus:Director1 1 2023-08-31 10234312 core:FurtherSpecificItem1DeferredTaxComponentTotalForDeferredTax 2023-08-31 10234312 core:OtherDeferredTax 2023-08-31 10234312 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-08-31 10234312 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-08-31 10234312 core:CurrentFinancialInstruments 2023-08-31 10234312 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 10234312 core:Non-currentFinancialInstruments 2023-08-31 10234312 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 10234312 core:Goodwill 2023-08-31 10234312 core:FurnitureFittingsToolsEquipment 2023-08-31 10234312 core:MotorVehicles 2023-08-31 10234312 bus:Director1 1 2022-09-01 2023-08-31 10234312 bus:Director1 1 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 10234312 (England & Wales)

Prepared for the registrar

Consultika (Collingham) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Consultika (Collingham) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

Consultika (Collingham) Limited

Company Information

Directors

S Crosby

E Crosby

Registered office

Collingham Vets
47 Station Road
Collingham
Newark
NG23 7RA

Accountants

Hazlewoods LLP
Staverton Court
Staverton
Cheltenham
GL51 0UX

 

Consultika (Collingham) Limited

(Registration number: 10234312)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

96,000

120,000

Tangible assets

5

85,850

54,530

 

181,850

174,530

Current assets

 

Stocks

34,568

34,568

Debtors

6

113,151

334,690

Cash at bank and in hand

 

197,045

100,444

 

344,764

469,702

Creditors: Amounts falling due within one year

7

(116,949)

(125,333)

Net current assets

 

227,815

344,369

Total assets less current liabilities

 

409,665

518,899

Creditors: Amounts falling due after more than one year

7

(33,206)

(71,536)

Deferred tax liabilities

8

(15,259)

(4,152)

Net assets

 

361,200

443,211

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

361,100

443,111

Shareholders' funds

 

361,200

443,211

For the financial year ending 31 August 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 13 January 2025 and signed on its behalf by:
 

.........................................
S Crosby
Director

.........................................
E Crosby
Director

 

Consultika (Collingham) Limited

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

1

General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
Collingham Vets
47 Station Road
Collingham
Newark
NG23 7RA

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 for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
 

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Revenue recognition

Revenue represents amounts earned from clients for veterinary services and the sale of products. Revenue for the delivery of veterinary services and the sale of products is recognised when the veterinary consultation or procedure is completed and the goods are passed to the client.

 

Consultika (Collingham) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profits.

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

Plant, machinery and fixtures

25% of written down value

Office equipment

33.33% of cost

Motor vehicles

25% of written down value

Intangible assets

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Over 10 years

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

 

Consultika (Collingham) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

 

Consultika (Collingham) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2023 - 8).

 

Consultika (Collingham) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 September 2023

240,000

240,000

At 31 August 2024

240,000

240,000

Amortisation

At 1 September 2023

120,000

120,000

Amortisation charge

24,000

24,000

At 31 August 2024

144,000

144,000

Carrying amount

At 31 August 2024

96,000

96,000

At 31 August 2023

120,000

120,000

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

52,363

43,971

96,334

Additions

8,985

45,000

53,985

Disposals

-

(15,990)

(15,990)

At 31 August 2024

61,348

72,981

134,329

Depreciation

At 1 September 2023

31,393

10,411

41,804

Charge for the year

7,341

8,579

15,920

Eliminated on disposal

-

(9,245)

(9,245)

At 31 August 2024

38,734

9,745

48,479

Carrying amount

At 31 August 2024

22,614

63,236

85,850

At 31 August 2023

20,970

33,560

54,530

6

Debtors

2024
£

2023
£

Trade debtors

14,253

18,965

Prepayments

500

1,204

Other debtors

98,398

314,521

113,151

334,690

 

Consultika (Collingham) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

7

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

19,398

27,401

Trade creditors

 

20,513

11,372

Taxation and social security

 

71,656

81,659

Accruals and deferred income

 

4,670

4,355

Other creditors

 

712

546

 

116,949

125,333


 

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

33,206

71,536

8

Deferred tax

Deferred tax assets and liabilities

2024

Liability
£

Differences between accumulated depreciation and amortisation and capital allowances

15,231

Short term timing differences

(62)

15,169

2023

Liability
£

Differences between accumulated depreciation and amortisation and capital allowances

4,210

Short term timing differences

(58)

4,152

 

Consultika (Collingham) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

9

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,648

27,401

Hire purchase contracts

8,750

-

19,398

27,401

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

7,685

71,536

Hire purchase contracts

25,521

-

33,206

71,536

10

Related party transactions

As at 31 August 2024, the company was owed £77,432 (2023: £309,106) by Sc7 Property Ltd, a company which Mr S Crosby is the sole shareholder and director. This balance is shown within other debtors.

As at 31 August 2024, the company was owed £6,147 (2023: £3,686) by Consultika Ltd, a company in which the directors are shareholders and directors. This balance is shown within other debtors.

 

Summary of transactions with key management

Key management personnel are considered to be the directors of the company. As at 31 August 2024, the directors owed the company £14,818 (2023: £1,729). This amount is included within other debtors. There are no fixed repayment terms and no interest is charged.
 

Transactions with directors

2024

At 1 September 2023
£

Advances to director
£

Repayments by director
£

At 31 August 2024
£

Amount due (to) / from directors

1,729

13,401

(312)

14,818

         
       

 

2023

At 1 September 2022
£

Advances to director
£

Repayments by director
£

At 31 August 2023
£

Amount due (to) / from directors

857

3,184

(2,312)

1,729