Wilkinson Cowan Partnership Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07123292 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Wilkinson Cowan Partnership Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M R Davies

Mr. D M A Humphreys

Mr. S P Ross

Mr. J K Ross

Mr M P Jensen

SECRETARY:

Mr M R Davies

REGISTERED OFFICE:

Stanley House

15 Ladybridge Road

Cheadle Hulme

Cheadle

Cheshire

SK8 5BL

REGISTERED NUMBER:

07123292 (England and Wales)

ACCOUNTANTS:

Robert Hayden & Co

195 Bramhall Lane

Stockport

Cheshire

SK2 6JA

FIXED ASSETS

Intangible assets

4

420,750

459,000

Tangible assets

5

15,696

15,966

436,446

474,966

CURRENT ASSETS

Debtors

6

1,195,899

1,405,650

Cash at bank and in hand

523,519

347,706

1,719,418

1,753,356

CREDITORS

Amounts falling due within one year

7

457,159

458,960

NET CURRENT ASSETS

1,262,259

1,294,396

TOTAL ASSETS LESS CURRENT LIABILITIES

1,698,705

1,769,362

PROVISIONS FOR LIABILITIES

8

2,724

2,682

NET ASSETS

1,695,981

1,766,680

CAPITAL AND RESERVES

Called up share capital

902

902

Capital redemption reserve

7

7

Retained earnings

1,695,072

1,765,771

1,695,981

1,766,680

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 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.

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

The financial statements were approved by the Board of Directors on 9 October 2019 and were signed on its behalf by:

Mr M R Davies - Director

1.	STATUTORY INFORMATION

Wilkinson Cowan Partnership Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 2010, 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, fittings and office equipment - 20% - 25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement

of Income and Retained Earnings, 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

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2018 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

765,000

AMORTISATION

At 1 April 2018

306,000

Charge for year

38,250

At 31 March 2019

344,250

NET BOOK VALUE

At 31 March 2019

420,750

At 31 March 2018

459,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

52,391

Additions

10,012

At 31 March 2019

62,403

DEPRECIATION

At 1 April 2018

36,425

Charge for year

10,282

At 31 March 2019

46,707

NET BOOK VALUE

At 31 March 2019

15,696

At 31 March 2018

15,966

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

1,030,200

1,236,462

Other debtors

165,699

169,188

1,195,899

1,405,650

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Payments on account

-

3,000

Trade creditors

21

1,284

Taxation and social security

387,388

401,117

Other creditors

69,750

53,559

457,159

458,960

8.	PROVISIONS FOR LIABILITIES

31.3.19

31.3.18

£

£

Deferred tax

Accelerated capital allowances

2,724

2,682

Deferred

tax

£

Balance at 1 April 2018

2,682

Charge to Income Statement during year

42

Balance at 31 March 2019

2,724