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Registration number: 02027005

Cole Easdon Consultants Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Cole Easdon Consultants Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Cole Easdon Consultants Limited

(Registration number: 02027005)
Statement of Financial Position as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

214,441

222,651

Current assets

 

Debtors

5

374,390

470,160

Cash at bank and in hand

 

239,352

232,246

 

613,742

702,406

Creditors: Amounts falling due within one year

6

(244,447)

(357,436)

Net current assets

 

369,295

344,970

Total assets less current liabilities

 

583,736

567,621

Provisions for liabilities

(5,910)

(8,163)

Net assets

 

577,826

559,458

Capital and reserves

 

Called up share capital

10,000

10,000

Share premium reserve

11,567

11,567

Capital redemption reserve

3,042

3,042

Profit and loss account

553,217

534,849

Shareholders' funds

 

577,826

559,458

For the financial year ending 31 July 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 provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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 Income Statement.

 

Cole Easdon Consultants Limited

(Registration number: 02027005)
Statement of Financial Position as at 31 July 2024

Approved and authorised by the Board on 9 April 2025 and signed on its behalf by:
 

.........................................

Mr J B Farmery
Director

 

Cole Easdon Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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: Unit 2, York House, Edison Park, Dorcan Way, Swindon, Wiltshire, SN3 3RB.

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.

The financial statements are prepares in sterling, which is the functional currency of the entity.

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.

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.

 

Cole Easdon Consultants Limited

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

Tangible assets

Tangible assets are stated in the statement of financial position 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

Fittings, fixtures and equipment

25% reducing balance

Land and buildings

Freehold land is not depreciated, Freehold buildings are depreciated over 30 years.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

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.

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.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, and trade and other creditors.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 24 (2023 - 30).

 

Cole Easdon Consultants Limited

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

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 August 2023

243,279

175,773

419,052

Additions

-

7,007

7,007

At 31 July 2024

243,279

182,780

426,059

Depreciation

At 1 August 2023

53,280

143,121

196,401

Charge for the year

6,660

8,557

15,217

At 31 July 2024

59,940

151,678

211,618

Carrying amount

At 31 July 2024

183,339

31,102

214,441

At 31 July 2023

189,999

32,652

222,651

5

Debtors

2024
£

2023
£

Trade debtors

184,241

237,958

Prepayments

94,611

102,475

Other debtors

95,538

129,727

374,390

470,160

 

Cole Easdon Consultants Limited

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

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

67,917

22,520

Taxation and social security

111,710

103,460

Accruals and deferred income

51,821

154,890

Other creditors

12,999

76,566

244,447

357,436

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £22,313 (2023 - £23,303).