Cantello Consultancy Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05273005

CANTELLO CONSULTANCY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 June 2025

CANTELLO CONSULTANCY LIMITED

STATEMENT OF FINANCIAL POSITION

30 June 2025

	30 Jun 25		31 Dec 23
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		11		11

CURRENT ASSETS

Debtors	6	21,491	142,259
Cash at bank and in hand		–	34,655
		--------	---------
		21,491	176,914

CREDITORS: amounts falling due within one year	7	209,605		171,353
		---------		---------
NET CURRENT (LIABILITIES)/ASSETS			( 188,114)		5,561
			---------		-------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 188,103)		5,572
			---------		-------
NET (LIABILITIES)/ASSETS			( 188,103)		5,572
			---------		-------

CAPITAL AND RESERVES

Called up share capital fully paid	1	1
Profit and loss account	( 188,104)	5,571
	---------	-------
SHAREHOLDERS (DEFICIT)/FUNDS	( 188,103)	5,572
	---------	-------

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 period ending 30 June 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 financial statements for the period in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

CANTELLO CONSULTANCY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 June 2025

These financial statements were approved by the board of directors and authorised for issue on 24 June 2026 , and are signed on behalf of the board by:

Mrs V Slattery
Director

Company registration number: 05273005

CANTELLO CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 1 JANUARY 2024 TO 30 JUNE 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Unit 18 Enerprise Centre, East Northants Michael Way, Warth Park, Raunds, Northamptonshire, NN9 6GR.

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.

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 for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Provision is made on the liability method, for taxation deferred in respect of all material timing differences only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability will crystallise in the foreseeable future.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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 and Fittings	-	33% 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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the period amounted to 2 (2023: 2 ).

5. TANGIBLE ASSETS

	Fixtures and fittings
	£
Cost
At 1 January 2024 and 30 June 2025	24,789
	--------
Depreciation
At 1 January 2024 and 30 June 2025	24,778
	--------
Carrying amount
At 30 June 2025	11
	--------
At 31 December 2023	11
	--------

6. DEBTORS

	30 Jun 25	31 Dec 23
	£	£
Trade debtors	21,491	117,397
Other debtors	–	24,862
	--------	---------
	21,491	142,259
	--------	---------

7. CREDITORS: amounts falling due within one year

	30 Jun 25	31 Dec 23
	£	£
Bank loans and overdrafts	75,158	23,643
Trade creditors	83,517	96,383
Corporation tax	–	9,940
Social security and other taxes	10,583	16,291
Other creditors	40,347	25,096
	---------	---------
	209,605	171,353
	---------	---------

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the period the director entered into the following advances and credits with the company:

	30 Jun 25
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mrs V Slattery	24,862	–	( 38,063)	( 13,201)
	--------	----	--------	--------

	31 Dec 23
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mrs V Slattery	( 13,519)	38,381	–	24,862
	--------	--------	----	--------

Interest has been charged on overdrawn balances.