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Registered number: 09685663
Carnell Consulting Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2025
Templeman Financial Limited t/a MyFD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 09685663
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investments 5 40,000 51,000
40,000 51,000
CURRENT ASSETS
Debtors 6 24,876 4,589
Cash at bank and in hand 41,115 28,440
65,991 33,029
Creditors: Amounts Falling Due Within One Year 7 (11,730 ) (6,633 )
NET CURRENT ASSETS (LIABILITIES) 54,261 26,396
TOTAL ASSETS LESS CURRENT LIABILITIES 94,261 77,396
NET ASSETS 94,261 77,396
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 94,260 77,395
SHAREHOLDERS' FUNDS 94,261 77,396
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Sarah O'Donnell
Director
21/09/2025
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Carnell Consulting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09685663 . The registered office is Greetwell Place, 2 Lime Kiln Way, Lincoln, Lincolnshire, LN2 4US.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment Straight Line 33% abd 50% at cost
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.5. Pensions
The company operates a defined pension contribution scheme for the director. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.6. Investments
Other investments are classified according to the nature of the asset. Listed and unlisted equity investments are measured at fair value through profit or loss where reliable fair values are available, or at cost less impairment if fair value cannot be measured reliably. Loan investments are carried at amortised cost, less provision for impairment.
Income from investments is recognised in the profit and loss account when the right to receive payment is established.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2024 1,730
As at 31 July 2025 1,730
Depreciation
As at 1 August 2024 1,730
As at 31 July 2025 1,730
Net Book Value
As at 31 July 2025 -
As at 1 August 2024 -
5. Investments
Other
£
Cost or Valuation
As at 1 August 2024 51,000
Disposals (11,000 )
As at 31 July 2025 40,000
Provision
As at 1 August 2024 -
As at 31 July 2025 -
Net Book Value
As at 31 July 2025 40,000
As at 1 August 2024 51,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 24,875 4,588
Other debtors 1 1
24,876 4,589
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 6,442 5,363
VAT 4,241 1,270
Director's loan account 1,047 -
11,730 6,633
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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