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Registration number: 13963071

Caslon Creative Consultants Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Caslon Creative Consultants Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Caslon Creative Consultants Limited

(Registration number: 13963071)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

5

12,300

17,220

Tangible assets

6

1,545

2,020

 

13,845

19,240

Current assets

 

Debtors

7

22,683

10,317

Cash at bank and in hand

 

25,860

39,679

 

48,543

49,996

Creditors: Amounts falling due within one year

8

(58,408)

(62,304)

Net current liabilities

 

(9,865)

(12,308)

Total assets less current liabilities

 

3,980

6,932

Provisions for liabilities

(294)

(384)

Net assets

 

3,686

6,548

Capital and reserves

 

Called up share capital

9

2

2

Retained earnings

3,684

6,546

Shareholders' funds

 

3,686

6,548

For the financial year ending 31 March 2025 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 27 May 2025 and signed on its behalf by:
 

 

Caslon Creative Consultants Limited

(Registration number: 13963071)
Balance Sheet as at 31 March 2025

Mr M W Booker
Director

Mr P A Ward
Director

 
     
 

Caslon Creative Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

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

The address of its registered office is:
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the Board on 27 May 2025.

2

Accounting policies

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

Caslon Creative Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

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

Office equipment

33% straight line

Goodwill

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. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

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

20% straight line

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.

 

Caslon Creative Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

1,033

878

Amortisation expense

4,920

4,920

 

Caslon Creative Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2024

24,600

24,600

At 31 March 2025

24,600

24,600

Amortisation

At 1 April 2024

7,380

7,380

Amortisation charge

4,920

4,920

At 31 March 2025

12,300

12,300

Carrying amount

At 31 March 2025

12,300

12,300

At 31 March 2024

17,220

17,220

6

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2024

3,065

3,065

Additions

558

558

At 31 March 2025

3,623

3,623

Depreciation

At 1 April 2024

1,045

1,045

Charge for the year

1,033

1,033

At 31 March 2025

2,078

2,078

Carrying amount

At 31 March 2025

1,545

1,545

At 31 March 2024

2,020

2,020

 

Caslon Creative Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Debtors

Current

2025
£

2024
£

Trade debtors

20,792

9,146

Prepayments

883

163

Other debtors

1,008

1,008

 

22,683

10,317

8

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

10

49,085

52,402

Trade creditors

 

1,777

251

Taxation and social security

 

7,496

9,651

Accruals and deferred income

 

50

-

 

58,408

62,304

9

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £0.01 each

200

2

200

2

       

10

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Other borrowings

49,085

52,402