Ailsa Consulting Limited Accounts

AILSA CONSULTING LIMITED - Company Information






Ailsa Consulting Limited

	Company No. 12438774
		Information for Filing with The Registrar
		31 March 2022

at	31 March 2022
Company No.		12438774	Notes	2022	2021
				£	£
Fixed assets

	Tangible assets		4	1,681	2,316


				1,681	2,316
Current assets

	Debtors		5	566	14,720

	Cash at bank and in hand			61,240	65,581
				61,806	80,301
Creditors: Amount falling due within one year			6	(7,355)	(33,840)
Net current assets				54,451	46,461
Total assets less current liabilities				56,132	48,777

Provisions for liabilities
	Deferred taxation		7	(319)	(440)

Net assets				55,813	48,337

Capital and reserves
	Called up share capital			200	200



	Profit and loss account		8	55,613	48,137

Total equity				55,813	48,337



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 06 October 2022
And signed on its behalf by:
P.G. Barker
Director
06 October 2022

for the year ended 31 March 2022

General information

Its registered number is: 12438774

Its registered office is:

Glebe Cottage

Long Newnton

Tetbury

GL8 8RR

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

25% Straight line

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 profit and loss account 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3	Employees
			2022	2021
			Number	Number
		The average monthly number of employees (including directors) during the year was:	1	1

4	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 April 2021	2,540	2,540




		At 31 March 2022	2,540	2,540
		Depreciation
		At 1 April 2021	224	224
		Charge for the year	635	635



		At 31 March 2022	859	859
		Net book values
		At 31 March 2022	1,681	1,681
		At 31 March 2021	2,316	2,316

5	Debtors
			2022	2021
			£	£
		Trade debtors	-	14,520



		VAT recoverable	98	-
		Loans to directors	268	-
		Other debtors	200	200

			566	14,720

6	Creditors:
		amounts falling due within one year
			2022	2021
			£	£




		Trade creditors	83	218

		Corporation tax	6,622	24,983
		Other taxes and social security	-	8,039


		Accruals and deferred income	650	600
			7,355	33,840

7	Provisions for liabilities
		Deferred taxation

			Accelerated Capital Allowances, Losses and Other Timing Differences	Total
			£	£
		At 1 April 2021	440	440
		Charge to the profit and loss account for the period	(121)	(121)

		At 31 March 2022	319	319



			2022	2021
			£	£
		Accelerated capital allowances	319	440



			319	440

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

Share capital

The company has in issue 200 £1 Ordinary shares, which are all paid up at par.

10	Dividends
			2022	2021
			£	£
		Dividends for the period:
		Dividends paid in the period	20,000	60,000

			20,000	60,000

		Dividends by type:

		Equity dividends	20,000	60,000
			20,000	60,000