Court Row Financial Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04720805 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2018

for

COURT ROW FINANCIAL MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R H Pilnick

Ms C S Child

SECRETARY:

Mr D Child

REGISTERED OFFICE:

52 St Johns Lane

Halifax

West Yorkshire

HX1 2BW

REGISTERED NUMBER:

04720805 (England and Wales)

ACCOUNTANTS:

Riley & Co Limited

Chartered Accountants

52 St Johns Lane

Halifax

West Yorkshire

HX1 2BW

FIXED ASSETS

Intangible assets

4

75,000

90,000

Tangible assets

5

17,508

24,345

92,508

114,345

CURRENT ASSETS

Debtors

6

95,615

76,110

CREDITORS

Amounts falling due within one year

7

80,561

71,855

NET CURRENT ASSETS

15,054

4,255

TOTAL ASSETS LESS CURRENT LIABILITIES

107,562

118,600

CREDITORS

Amounts falling due after more than one year

8

(12,007

)

(18,990

)

PROVISIONS FOR LIABILITIES

(3,002

)

(4,230

)

NET ASSETS

92,553

95,380

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

92,453

95,280

SHAREHOLDERS' FUNDS

92,553

95,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24 April 2019 and were signed on its behalf by:

Mr R H Pilnick - Director

1.	STATUTORY INFORMATION

Court Row Financial Management Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and Straight line over 3 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2017

and 31 July 2018

300,000

AMORTISATION

At 1 August 2017

210,000

Charge for year

15,000

At 31 July 2018

225,000

NET BOOK VALUE

At 31 July 2018

75,000

At 31 July 2017

90,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2017

and 31 July 2018

78,757

DEPRECIATION

At 1 August 2017

54,412

Charge for year

6,837

At 31 July 2018

61,249

NET BOOK VALUE

At 31 July 2018

17,508

At 31 July 2017

24,345

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 August 2017

and 31 July 2018

34,426

DEPRECIATION

At 1 August 2017

15,062

Charge for year

4,841

At 31 July 2018

19,903

NET BOOK VALUE

At 31 July 2018

14,523

At 31 July 2017

19,364

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Trade debtors

59,597

22,919

Other debtors

36,018

53,191

95,615

76,110

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Bank loans and overdrafts

15,514

8,417

Hire purchase contracts

6,983

6,351

Taxation and social security

33,056

30,962

Other creditors

25,008

26,125

80,561

71,855

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.18

31.7.17

£

£

Hire purchase contracts

12,007

18,990

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2018 and

31 July 2017:

31.7.18

31.7.17

£

£

Mr R H Pilnick

Balance outstanding at start of year

53,190

74,901

Amounts advanced

51,059

48,289

Amounts repaid

(68,230

)

(70,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

36,019

53,190