A & H Currie Consultancy Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04993915 (England and Wales)

A & H Currie Consultancy Services

Limited

Unaudited Financial Statements for the Year Ended 31 December 2018

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A M J Currie

Mrs H E Currie

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

04993915 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

HSBC Bank plc

PO Box 120

49 Corn Street

Bristol

BS99 7PP

FIXED ASSETS

Tangible assets

5

56,645

90,778

CURRENT ASSETS

Debtors

430,264

496,680

CREDITORS

Amounts falling due within one year

331,928

438,321

NET CURRENT ASSETS

98,336

58,359

TOTAL ASSETS LESS CURRENT LIABILITIES

154,981

149,137

CREDITORS

Amounts falling due after more than one year

145,296

136,086

NET ASSETS

9,685

13,051

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

9,683

13,049

SHAREHOLDERS' FUNDS

9,685

13,051

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 September 2019 and were signed on its behalf by:

A M J Currie - Director

1.	STATUTORY INFORMATION

A & H Currie Consultancy Services 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

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

-

33% on reducing balance, 25% on reducing balance and over life of lease

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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

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.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2018

226,679

Additions

1,813

Disposals

(23,156

)

At 31 December 2018

205,336

DEPRECIATION

At 1 January 2018

135,901

Charge for year

31,812

Eliminated on disposal

(19,022

)

At 31 December 2018

148,691

NET BOOK VALUE

At 31 December 2018

56,645

At 31 December 2017

90,778

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as

follows:

Totals

£

COST

At 1 January 2018

130,712

Transfer to ownership

(22,250

)

At 31 December 2018

108,462

DEPRECIATION

At 1 January 2018

58,247

Charge for year

24,112

Transfer to ownership

(10,979

)

At 31 December 2018

71,380

NET BOOK VALUE

At 31 December 2018

37,082

At 31 December 2017

72,465

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

Finance leases

31.12.18

31.12.17

31.12.18

31.12.17

£

£

£

£

Net obligations repayable:

Within one year

9,909

15,912

17,450

14,051

Between one and five years

17,235

30,158

4,207

21,657

27,144

46,070

21,657

35,708

Non-cancellable

operating leases

31.12.18

31.12.17

£

£

Within one year

65,000

65,000

Between one and five years

260,000

260,000

In more than five years

877,500

942,500

1,202,500

1,267,500

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.18

31.12.17

£

£

Bank overdrafts

2,499

54,236

Bank loans

1,891

14,426

Hire purchase contracts and finance leases

48,801

81,778

53,191

150,440

The bank overdraft is secured by fixed and floating charges over the undertaking and all property and assets

present and future.

The bank loan has been secured by a personal guarantee provided by the company's director AMJ Currie.

Hire purchase contracts are secured over the asset in which they relate to.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2018 and

31 December 2017:

31.12.18

31.12.17

£

£

A M J Currie and Mrs H E Currie

Balance outstanding at start of year

333,969

256,748

Amounts repaid

(238,862

)

(104,200

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

247,198

333,969

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is AMJ and Mrs HE Currie.

The company was controlled throughout the current and previous period by the company's directors, by virtue of

the fact that between them they own all the company's issued share capital.