Henderson Connellan (Corby) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07202945 (England and Wales)

HENDERSON CONNELLAN (CORBY) LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2019

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

9,869

14,753

9,869

14,753

CURRENT ASSETS

Debtors

32,998

30,162

Prepayments and accrued income

9,559

9,470

Cash at bank and in hand

66,648

52,873

109,205

92,505

CREDITORS

Amounts falling due within one year

92,865

76,095

NET CURRENT ASSETS

16,340

16,410

TOTAL ASSETS LESS CURRENT LIABILITIES

26,209

31,163

PROVISIONS FOR LIABILITIES

(1,646

)

(2,524

)

ACCRUALS AND DEFERRED INCOME

(20,618

)

(13,180

)

NET ASSETS

3,945

15,459

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,845

15,359

SHAREHOLDERS' FUNDS

3,945

15,459

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2019 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 24 January 2020 and were signed on its behalf by:

L A Adams - Director

B T P Connellan - Director

Miss C Henderson - Director

1.	STATUTORY INFORMATION

Henderson Connellan (Corby) Ltd is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address are as below:

Registered number:

07202945

Registered office:

3 Weekley Wood Close

Kettering

Northamptonshire

NN14 1UQ

The trading address is 10 Spencer Court, Corby, Northants NN17 1NU.

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 represents amounts (excluding value added tax) derived from the provision of goods and services to

customers during the year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five 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.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

30% on reducing balance

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2018 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2018

and 31 July 2019

10,000

AMORTISATION

At 1 August 2018

and 31 July 2019

10,000

NET BOOK VALUE

At 31 July 2019

-

At 31 July 2018

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2018

37,157

Disposals

(6,000

)

At 31 July 2019

31,157

DEPRECIATION

At 1 August 2018

22,404

Charge for year

2,484

Eliminated on disposal

(3,600

)

At 31 July 2019

21,288

NET BOOK VALUE

At 31 July 2019

9,869

At 31 July 2018

14,753

6.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank overdraft

4,203

-

The bank overdraft is secured by a fixed and floating charge over the assets of the company.

7.	OTHER FINANCIAL COMMITMENTS

Total financial commitments not included in the balance sheet:

2019

2018

£

£

Operating leases

137,479

174,507

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2019 and

31 July 2018:

2019

2018

£

£

L A Adams

Balance outstanding at start of year

-

-

Amounts advanced

2,241

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,241

-