Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302025-05-09false0Consultancyfalsefalse12023-09-19trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 15149054 2023-09-18 15149054 2023-09-19 2024-09-30 15149054 2022-10-01 2023-09-18 15149054 2024-09-30 15149054 c:Director1 2023-09-19 2024-09-30 15149054 d:FurnitureFittings 2023-09-19 2024-09-30 15149054 d:FurnitureFittings 2024-09-30 15149054 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-19 2024-09-30 15149054 d:CurrentFinancialInstruments 2024-09-30 15149054 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 15149054 d:ShareCapital 2024-09-30 15149054 d:RetainedEarningsAccumulatedLosses 2024-09-30 15149054 c:OrdinaryShareClass1 2023-09-19 2024-09-30 15149054 c:OrdinaryShareClass1 2024-09-30 15149054 c:FRS102 2023-09-19 2024-09-30 15149054 c:AuditExempt-NoAccountantsReport 2023-09-19 2024-09-30 15149054 c:FullAccounts 2023-09-19 2024-09-30 15149054 c:PrivateLimitedCompanyLtd 2023-09-19 2024-09-30 15149054 2 2023-09-19 2024-09-30 15149054 e:PoundSterling 2023-09-19 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 15149054









CAROLAN CONSULTANTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

 
CAROLAN CONSULTANTS LIMITED
REGISTERED NUMBER: 15149054

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
742

  
742

Current assets
  

Debtors: amounts falling due within one year
 5 
9,881

Cash at bank and in hand
 6 
25,420

  
35,301

Creditors: amounts falling due within one year
 7 
(24,682)

Net current assets
  
 
 
10,619

Total assets less current liabilities
  
11,361

  

Net assets
  
11,361


Capital and reserves
  

Called up share capital 
 8 
1

Profit and loss account
  
11,360

  
11,361


Page 1

 
CAROLAN CONSULTANTS LIMITED
REGISTERED NUMBER: 15149054
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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 on 9 May 2025.




................................................
Dr Stephany Carolan
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CAROLAN CONSULTANTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

1.


General information

Carolan Consultants Limited is a private company, incorporated in England and Wales, limited by its share capital.  The Company was incorporated on 19 September 2023 and began trading on that date.  The principal activity of the Company was the provision of consultancy services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
CAROLAN CONSULTANTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
CAROLAN CONSULTANTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
£

Wages and salaries
9,096

Cost of defined contribution scheme
6,000

15,096


The average monthly number of employees, including directors, during the period was 1.


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


Additions
928



At 30 September 2024

928



Depreciation


Charge for the period on owned assets
186



At 30 September 2024

186



Net book value



At 30 September 2024
742

Page 5

 
CAROLAN CONSULTANTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
£


Trade debtors
9,881

9,881



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
25,420

25,420



7.


Creditors: Amounts falling due within one year

2024
£

Corporation tax
13,319

Other taxation and social security
1,532

Other creditors
8,691

Accruals and deferred income
1,140

24,682



8.


Share capital

2024
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


Upon incorporation 1 ordinary share was issued at par.

Page 6

 
CAROLAN CONSULTANTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £6,000. 


10.


Controlling party

The Company is controlled by the director, Dr Stephany Carolan, by virtue of her shareholding, as described in the Director's report.

 
Page 7