Ailsa Consulting Limited Accounts

AILSA CONSULTING LIMITED - Company Information






Ailsa Consulting Limited

	Company No. 12438774
		Information for Filing with The Registrar
		31 March 2023

at	31 March 2023
Company No.		12438774	Notes	2023	2022
				£	£
Fixed assets

	Tangible assets		4	1,467	1,681


				1,467	1,681
Current assets

	Debtors		5	8,773	566

	Cash at bank and in hand			40,478	61,240
				49,251	61,806
Creditors: Amount falling due within one year			6	(651)	(7,355)
Net current assets				48,600	54,451
Total assets less current liabilities				50,067	56,132

Provisions for liabilities
	Deferred taxation			(367)	(319)

Net assets				49,700	55,813

Capital and reserves
	Called up share capital			200	200



	Profit and loss account		8	49,500	55,613

Total equity				49,700	55,813



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 2023 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 07 July 2023
And signed on its behalf by:
P.G. Barker
Director
07 July 2023

for the year ended 31 March 2023

General information

Its registered number is: 12438774

Its registered office is:

Glebe Cottage

Long Newnton

Tetbury

GL8 8RR

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

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
			2023	2022
			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 2022	2,540	2,540
		Additions	449	449



		At 31 March 2023	2,989	2,989
		Depreciation
		At 1 April 2022	859	859
		Charge for the year	663	663



		At 31 March 2023	1,522	1,522
		Net book values
		At 31 March 2023	1,467	1,467
		At 31 March 2022	1,681	1,681

5	Debtors
			2023	2022
			£	£




		VAT recoverable	5	98
		Loans to directors	8,768	268
		Other debtors	-	200

			8,773	566

6	Creditors:
		amounts falling due within one year
			2023	2022
			£	£




		Trade creditors	-	83

		Taxes and social security	-	6,622


		Accruals and deferred income	651	650
			651	7,355

Share Capital

The company has 200 £1.00 Ordinary shares in issue, which are all paid up at par.

Reserves

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

Contingent Assets/Liabilities

The company has entered into an agreement with Econergy International Limited in relation to consultancy services for identification of a battery energy storage project. The total amount receivable is £160,000, of which 50% is due upon commencement of construction, to commence in 2023/24 and the remaining 50% to be due on commissioning, expected to be in 2024/25. Given no construction has commenced at 31 March 2023, no income has been recognised.

10	Dividends
			2023	2022
			£	£
		Dividends for the period:
		Dividends paid in the period	-	20,000

			-	20,000

		Dividends by type:

		Equity dividends	-	20,000
			-	20,000

11	Advances and credits to directors
			2023	2022
			£	£

		Advanced in the period	8,768	-



		At 31 March 2023	8,768	-