6 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 03931444 2024-01-01 2024-12-31 03931444 2024-12-31 03931444 2023-12-31 03931444 2023-01-01 2023-12-31 03931444 2023-12-31 03931444 2022-12-31 03931444 core:FurnitureFittings 2024-01-01 2024-12-31 03931444 bus:Director1 2024-01-01 2024-12-31 03931444 bus:Director2 2024-01-01 2024-12-31 03931444 core:FurnitureFittings 2023-12-31 03931444 core:FurnitureFittings 2024-12-31 03931444 core:WithinOneYear 2024-12-31 03931444 core:WithinOneYear 2023-12-31 03931444 core:ShareCapital 2024-12-31 03931444 core:ShareCapital 2023-12-31 03931444 core:RetainedEarningsAccumulatedLosses 2024-12-31 03931444 core:RetainedEarningsAccumulatedLosses 2023-12-31 03931444 core:FurnitureFittings 2023-12-31 03931444 bus:SmallEntities 2024-01-01 2024-12-31 03931444 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 03931444 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03931444 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03931444 bus:FullAccounts 2024-01-01 2024-12-31 03931444 core:ComputerEquipment 2024-01-01 2024-12-31 03931444 core:ComputerEquipment 2023-12-31 03931444 core:ComputerEquipment 2024-12-31
COMPANY REGISTRATION NUMBER: 03931444
The Carling Partnership Limited
Filleted Unaudited Financial Statements
31 December 2024
The Carling Partnership Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
1,274
2,697
Current assets
Debtors
6
248,488
146,935
Cash at bank and in hand
324,643
363,304
---------
---------
573,131
510,239
Creditors: amounts falling due within one year
7
( 69,155)
( 100,429)
---------
---------
Net current assets
503,976
409,810
---------
---------
Total assets less current liabilities
505,250
412,507
Provisions
Taxation including deferred tax
( 242)
( 513)
---------
---------
Net assets
505,008
411,994
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
504,908
411,894
---------
---------
Shareholders funds
505,008
411,994
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
The Carling Partnership Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 22 May 2025 , and are signed on behalf of the board by:
Mr W D J Carling
Mrs J A Carling
Director
Director
Company registration number: 03931444
The Carling Partnership Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Godalming Business Centre, Woolsack Way, Godalming, Surrey, GU7 1XW, United Kingdom and the principal place of business is Clock House, Clock House Lane, Bramley, Surrey, GU5 0AP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities as set out in the accounting policies below. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue is recognised at the point when candidates are placed with clients. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings - 25% reducing balance
Equipment - 25% straight line
Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2023: 6 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 January 2024
10,592
10,995
21,587
Additions
308
178
486
--------
--------
--------
At 31 December 2024
10,900
11,173
22,073
--------
--------
--------
Depreciation
At 1 January 2024
10,303
8,587
18,890
Charge for the year
123
1,786
1,909
--------
--------
--------
At 31 December 2024
10,426
10,373
20,799
--------
--------
--------
Carrying amount
At 31 December 2024
474
800
1,274
--------
--------
--------
At 31 December 2023
289
2,408
2,697
--------
--------
--------
6. Debtors
2024
2023
£
£
Trade debtors
156,478
137,946
Other debtors
92,010
8,989
---------
---------
248,488
146,935
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
10,321
2,781
Corporation tax
30,756
39,431
Social security and other taxes
15,782
36,670
Other creditors
12,296
21,547
--------
---------
69,155
100,429
--------
---------