Cartwheel Consultants Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05074110

CARTWHEEL CONSULTANTS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

CARTWHEEL CONSULTANTS LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		12,697		751

CURRENT ASSETS

Debtors	6	–	5,190
Cash at bank and in hand		873	6,773
		----	--------
		873	11,963

CREDITORS: amounts falling due within one year	7	22,306		24,755
		--------		--------
NET CURRENT LIABILITIES			21,433		12,792
			--------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 8,736)		( 12,041)

CREDITORS: amounts falling due after more than one year	8		394		1,951

PROVISIONS

Taxation including deferred tax	95	143
	-------	--------
NET LIABILITIES	( 9,225)	( 14,135)
	-------	--------

CAPITAL AND RESERVES

Called up share capital	9	1	1
Profit and loss account		( 9,226)	( 14,136)
		-------	--------
SHAREHOLDERS DEFICIT		( 9,225)	( 14,135)
		-------	--------

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 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 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 .

CARTWHEEL CONSULTANTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 15 December 2025 , and are signed on behalf of the board by:

Ms J Eccleston

Director

Company registration number: 05074110

CARTWHEEL CONSULTANTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 March 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 Rowan Way, Rottingdean, East Sussex, BN2 7FP.

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 and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

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:

	Equipment	-	33.33% reducing balance

Fixtures and fittings are not presently depreciated as they have not been brought into use.

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. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. TANGIBLE ASSETS

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2024	–	9,297	9,297
Additions	12,196	–	12,196
	--------	-------	--------
At 31 March 2025	12,196	9,297	21,493
	--------	-------	--------
Depreciation
At 1 April 2024	–	8,546	8,546
Charge for the year	–	250	250
	--------	-------	--------
At 31 March 2025	–	8,796	8,796
	--------	-------	--------
Carrying amount
At 31 March 2025	12,196	501	12,697
	--------	-------	--------
At 31 March 2024	–	751	751
	--------	-------	--------

6. DEBTORS

	2025	2024
	£	£
Trade debtors	–	5,190
	----	-------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	1,568	1,529
Trade creditors	–	19
Corporation tax	1,199	870
Social security and other taxes	440	1,876
Other creditors	19,099	20,461
	--------	--------
	22,306	24,755
	--------	--------

8. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	394	1,951
	----	-------

9. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

10. GOING CONCERN

Included in other creditors is an amount owed to a director of £16,999. The director has confirmed their continuing support for the company and, despite the loan being repayable on demand, does not plan to withdraw these funds in the foreseeable future. It is therefore deemed appropriate that the financial statements continue to be prepared on the going concern basis.