Catherine Higgins Law Limited Filleted accounts for Companies House (small and micro)
Catherine Higgins Law Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
08484440
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FINANCIAL STATEMENTS |
YEAR ENDED 31 MARCH 2019
Contents |
Page |
Officers and professional advisers |
1 |
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements |
2 |
Statement of financial position |
3 |
Notes to the financial statements |
5 |
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OFFICERS AND PROFESSIONAL ADVISERS |
The board of directors |
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Registered office |
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Accountants |
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Chartered accountants |
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Hanover Buildings |
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11-13 Hanover Street |
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Liverpool |
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L1 3DN |
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Bankers |
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Stephenson Way |
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Wavertree |
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Liverpool |
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L13 1NW |
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CHARTERED ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF
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YEAR ENDED 31 MARCH 2019
Hanover Buildings
11-13 Hanover Street
Liverpool
L1 3DN
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STATEMENT OF FINANCIAL POSITION |
2019 |
2018 |
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Note |
£ |
£ |
£ |
FIXED ASSETS
Intangible assets |
5 |
– |
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Tangible assets |
6 |
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CURRENT ASSETS
Stocks |
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Debtors |
7 |
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Cash at bank and in hand |
– |
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CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
9 |
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PROVISIONS
Taxation including deferred tax |
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NET ASSETS |
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CAPITAL AND RESERVES
Called up share capital |
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Profit and loss account |
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SHAREHOLDERS FUNDS |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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STATEMENT OF FINANCIAL POSITION (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
13 December 2019
, and are signed on behalf of the board by:
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Director |
Company registration number:
08484440
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 MARCH 2019
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 45 Allerton Road, Woolton, Liverpool, Merseyside, L25 7RE.
2.
STATEMENT OF COMPLIANCE
3.
ACCOUNTING POLICIES
Basis of preparation
Revenue recognition
Corporation tax
Goodwill
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Aquired goodwill was written off in full in the year of acquisition.
Historical Goodwill (other than acquired) |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery |
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Equipment |
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Impairment of fixed assets
Provisions
Financial instruments
4.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to
13
(2018:
12
).
5.
INTANGIBLE ASSETS
Goodwill |
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£ |
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Cost |
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At 1 April 2018 and 31 March 2019 |
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Amortisation |
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At 1 April 2018 |
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Charge for the year |
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At 31 March 2019 |
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Carrying amount |
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At 31 March 2019 |
– |
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At 31 March 2018 |
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6.
TANGIBLE ASSETS
Plant and machinery |
Equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 April 2018 and 31 March 2019 |
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Depreciation |
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At 1 April 2018 |
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Charge for the year |
– |
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At 31 March 2019 |
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Carrying amount |
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At 31 March 2019 |
– |
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At 31 March 2018 |
– |
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7.
DEBTORS
2019 |
2018 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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8.
CREDITORS:
AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 |
2018 |
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£ |
£ |
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Bank loans and overdrafts |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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Other creditors |
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9.
CREDITORS:
AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2019 |
2018 |
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£ |
£ |
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Bank loans and overdrafts |
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10.
GOING CONCERN
The company is able to meet its day to day working capital requirements through the support of the directors and the company's creditors. Therefore the directors consider it appropriate to prepare financial statements on the going concern basis.
11.
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
12.
RELATED PARTY TRANSACTIONS
The following related party transactions were undertaken during the year: No dividends were paid to the directors in respect of their shareholdings. The aggregate remuneration paid to key management personnel for the year was £8,160 (2018: £8,160). During the year a director received advances of £5,476 (2018: £1,740) and introduced capital of £15,973 (2018: £9,720). At the balance sheet date the amount owed to the director totalled £81,975 (2018: £71,478). No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.