Registered number
08283366
Cartwright Benefit Consultants Limited
Unaudited Filleted Accounts
31 July 2024
Cartwright Benefit Consultants Limited
Registered number: 08283366
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1 1
Tangible assets 4 1 1
2 2
Current assets
Stocks 678,621 471,677
Debtors 5 2,490,484 1,605,687
Cash at bank and in hand 1,861,988 1,385,554
5,031,093 3,462,918
Creditors: amounts falling due within one year 6 (767,707) (750,886)
Net current assets 4,263,386 2,712,032
Net assets 4,263,388 2,712,034
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,263,288 2,711,934
Shareholders' funds 4,263,388 2,712,034
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Ian Cartwright
Director
Approved by the board on 11 April 2025
Cartwright Benefit Consultants Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. In view of the nature of technology any additions/replacements to Computers/IT is now written off as and when it is incurred, direct to profit and loss account.
Leasehold land and buildings over the lease term
Plant and machinery 100% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 49 49
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 452,627
At 31 July 2024 452,627
Amortisation
At 1 August 2023 452,626
At 31 July 2024 452,626
Net book value
At 31 July 2024 1
At 31 July 2023 1
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2023 10,086 319,226 329,312
Additions - 19,107 19,107
At 31 July 2024 10,086 338,333 348,419
Depreciation
At 1 August 2023 10,086 319,225 329,311
Charge for the year - 19,107 19,107
At 31 July 2024 10,086 338,332 348,418
Net book value
At 31 July 2024 - 1 1
At 31 July 2023 - 1 1
5 Debtors 2024 2023
£ £
Trade debtors 1,891,230 1,482,970
Amounts owed by/(to) related companies 553,960 (172,511)
Other debtors 45,294 295,228
2,490,484 1,605,687
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 41,865 40,122
Taxation and social security costs 86,029 67,212
Other creditors and accruals 639,813 643,552
767,707 750,886
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 347,440 434,300
8 Related party transactions
Cartwright Group Ltd (CGL), where Mr I Cartwright is a director and a majority shareholder, has invoiced £635,714 (2023-£923,364) for services provided on an arms length basis. At year end, amount due from CGL was £553,960 (2023 £76,636) and this is reflected under debtor.

In addition, at the year end amount due to Cartwright Financial Solutions Ltd (CBS) was £Nil (2023-£249,147) and this is reflected under debtors. Mrs Eileen Cartwright (ex-spouse of Mr I Cartwright) owns 100% of the shares of the company.
9 Controlling party
The ultimate controlling party is Mrs Eileen Cartwright (ex-spouse of Mr I Cartwright) in view of her holding 100% of the shares of the company.
10 Other information
Cartwright Benefit Consultants Limited is a private company limited by shares and incorporated in England. Its registered office is:
250 Fowler Avenue
Farnborough Business Park
Farnborough
England
GU14 7JP
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