Accountancy.coop Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04703132 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

Accountancy.coop Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M I Arthur FMAAT,FFA,FIPA,FFTA

SECRETARY:

M A Carlile

REGISTERED OFFICE:

56 Dorchester Road

Lytchett Minster

Poole

Dorset

BH16 6JE

REGISTERED NUMBER:

04703132 (England and Wales)

ACCOUNTANTS:

Accountancy Co-operative

56 Dorchester Road

Lytchett Minster

Poole

Dorset

BH16 6JE

BANKERS:

Lloyds Bank plc

Bournemouth (309108) Branch

45 - 47 Old Christchurch Road

Bournemouth

Dorset

BH1 1ED

FIXED ASSETS

Intangible assets

3

42,000

48,000

Tangible assets

4

13,695

14,573

Investments

5

1,074

1,074

56,769

63,647

CURRENT ASSETS

Stocks

6

7,600

10,572

Debtors

7

8,883

8,148

Prepayments and accrued income

655

655

Cash at bank and in hand

13,590

17,602

30,728

36,977

CREDITORS

Amounts falling due within one year

8

65,160

62,033

NET CURRENT LIABILITIES

(34,432

)

(25,056

)

TOTAL ASSETS LESS CURRENT LIABILITIES

22,337

38,591

CREDITORS

Amounts falling due after more than one year

9

(3,305

)

(19,832

)

PROVISIONS FOR LIABILITIES

(2,474

)

(3,494

)

NET ASSETS

16,558

15,265

CAPITAL AND RESERVES

Called up share capital

12

12

Retained earnings

16,546

15,253

SHAREHOLDERS' FUNDS

16,558

15,265

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 3 June 2019 and were signed by:

M I Arthur FMAAT,FFA,FIPA,FFTA - Director

1.	STATUTORY INFORMATION

Accountancy.coop 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 2007, 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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stock is represented in the accounts as Work-in-progress and Stamp Stock.

Work-in-progress is valued from our Timedata at the lower of total costs of fees, net of a ten percent allowance

for potential write-offs.

Stamp stock is valued from actual stamps, at face value, and remaining in the postage book at the end of the year.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

120,000

AMORTISATION

At 1 April 2018

72,000

Amortisation for year

6,000

At 31 March 2019

78,000

NET BOOK VALUE

At 31 March 2019

42,000

At 31 March 2018

48,000

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2018

11,277

19,045

37,030

67,352

Additions

707

-

2,259

2,966

At 31 March 2019

11,984

19,045

39,289

70,318

DEPRECIATION

At 1 April 2018

7,519

7,270

37,990

52,779

Charge for year

592

2,064

1,188

3,844

At 31 March 2019

8,111

9,334

39,178

56,623

NET BOOK VALUE

At 31 March 2019

3,873

9,711

111

13,695

At 31 March 2018

3,758

11,775

(960

)

14,573

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2018

and 31 March 2019

1,074

NET BOOK VALUE

At 31 March 2019

1,074

At 31 March 2018

1,074

6.

STOCKS

31.3.19

31.3.18

£

£

Work In Progress

6,961

9,845

Stamp Stock

639

727

7,600

10,572

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

8,883

8,113

Other debtors

-

35

8,883

8,148

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

14,571

13,229

Payments on account

20,640

25,536

Trade creditors

3,066

5,006

Tax

2,111

2,313

Social security and other taxes

(8

)

-

VAT

4,716

5,269

Net Wages Outstanding

393

-

Credit Card

390

49

Directors' loan accounts

19,501

10,631

Accruals and deferred income

(220

)

-

65,160

62,033

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Loan from Directors (Intr)

3,274

19,832

Accruals and deferred income

31

-

3,305

19,832