Coogan & Co Architects Limited 31/03/2019 iXBRL
Coogan & Co Architects Limited 31/03/2019 iXBRL
Company registration number:
NI036324
Statement of consent to prepare abridged financial statements
Company registration number:
NI036324
Unaudited filleted abridged financial statements
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Notes to the financial statements
Directors and other information
Director |
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Secretary |
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Company number |
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Registered office |
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Accountants |
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22 Great Victoria Street | ||
Belfast | ||
BT2 7BA | ||
Bankers |
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322 Antrim Road | ||
Glengormley | ||
Newtownabbey | ||
BT36 5EQ | ||
Solicitors |
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75-77 May Street | ||
Belfast | ||
BT1 3JL | ||
Report to the director on the preparation of the
unaudited statutory financial statements of Coogan & Co Architects Limited
Year ended 31 March 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Coogan & Co Architects Limited for the year ended 31 March 2019 which comprise the abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland, we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the director of Coogan & Co Architects Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Coogan & Co Architects Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coogan & Co Architects Limited and its director as a body for our work or for this report.
It is your duty to ensure that Coogan & Co Architects Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Coogan & Co Architects Limited. You consider that Coogan & Co Architects Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Coogan & Co Architects Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered accountants
22 Great Victoria Street
Belfast
BT2 7BA
26 November 2019
Abridged statement of financial position
31 March 2019
2019 | 2018 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Intangible assets | 5 | - | - | ||||||
Tangible assets | 6 |
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Current assets | |||||||||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Other reserves |
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Profit and loss account |
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Shareholders funds |
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Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
26 November 2019
, and are signed on behalf of the board by:
Director
Company registration number:
NI036324
Notes to the financial statements
Year ended 31 March 2019
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 122 Upper Lisburn Road, Belfast, BT10 0BG.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill | - |
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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:
Freehold property | - |
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Fittings fixtures and equipment | - |
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Impairment
Stocks
Provisions
Financial instruments
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
14
(2018:
14
).
5.
Intangible assets
£ | ||
Cost | ||
At 1 April 2018 and 31 March 2019 |
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Amortisation | ||
At 1 April 2018 and 31 March 2019 |
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Carrying amount | ||
At 31 March 2019 | - | |
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At 31 March 2018 | - | |
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6.
Tangible assets
£ | ||
Cost | ||
At 1 April 2018 |
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Additions | 6,886 | |
Disposals |
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At 31 March 2019 |
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Depreciation | ||
At 1 April 2018 |
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Charge for the year |
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Disposals |
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At 31 March 2019 |
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Carrying amount | ||
At 31 March 2019 |
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At 31 March 2018 |
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7.
Controlling party