Registration number: 12593027

Caruso Consulting Services Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Caruso Consulting Services Limited

Company Information

Director

Mr Paul Andrew Gravatt

Company secretary

Caruso Global Consulting Limited

Registered office

Maranello Watch House Green Felsted Essex CM6 3EF

Accountants

Accentis Limited Parallel House 32 London Road Guildford GU1 2AB

Caruso Consulting Services Limited

(Registration number: 12593027)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	124,265	137,410
Current assets
Debtors	5	54,747	38,740
Cash at bank and in hand		11,420	22,090
		66,167	60,830
Creditors: Amounts falling due within one year	6	(105,590)	(114,635)
Net current liabilities		(39,423)	(53,805)
Total assets less current liabilities		84,842	83,605
Creditors: Amounts falling due after more than one year	6	(60,710)	(83,118)
Provisions for liabilities		(15,833)	(8,888)
Net assets/(liabilities)		8,299	(8,401)
Capital and reserves
Called up share capital	7	1	1
Retained earnings		8,298	(8,402)
Shareholders' funds/(deficit)		8,299	(8,401)

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 June 2026
 

......................................... Mr Paul Andrew Gravatt Director

Caruso Consulting Services Limited

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

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Maranello
Watch House Green
Felsted
Essex
CM6 3EF

These financial statements were authorised for issue by the director on 15 June 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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.

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.

Caruso Consulting Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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
Computer equipment	Straight line over 3 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Caruso Consulting Services Limited

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

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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2024 - 6).

Caruso Consulting Services Limited

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

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 November 2024	6,142	201,161	207,303
Additions	1,269	74,975	76,244
Disposals	-	(92,681)	(92,681)
At 31 October 2025	7,411	183,455	190,866
Depreciation
At 1 November 2024	2,225	67,668	69,893
Charge for the year	1,296	36,177	37,473
Eliminated on disposal	-	(40,765)	(40,765)
At 31 October 2025	3,521	63,080	66,601
Carrying amount
At 31 October 2025	3,890	120,375	124,265
At 31 October 2024	3,917	133,493	137,410

5

Debtors

Current	2025 £	2024 £
Other debtors	54,747	38,740
	54,747	38,740

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	75,979	96,154
Trade creditors		12,300	375
Taxation and social security		4,961	2,006
Accruals and deferred income		12,350	16,100
		105,590	114,635

Creditors: amounts falling due after more than one year

Caruso Consulting Services Limited

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

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	60,710	83,118

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
ordinary shares of £1 each	1	1	1	1

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	60,710	83,118

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	35,979	46,154
Other borrowings	40,000	50,000
	75,979	96,154

9	Related party transactions

Caruso Consulting Services Limited

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

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	60,000	36,000
Contributions paid to money purchase schemes	99,840	17,840
	159,840	53,840

Loans to related parties

2025	Key management £	Total £
At start of period	11,653	11,653
Advanced	24,747	24,747
Repaid	(11,653)	(11,653)
At end of period	24,747	24,747

2024	Key management £	Total £
At start of period	2,325	2,325
Advanced	9,328	9,328
At end of period	11,653	11,653

Terms of loans to related parties

The loan was repaid in full.