Complete Funding Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10619210 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29TH FEBRUARY 2020

FOR

COMPLETE FUNDING SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss K L Ball

REGISTERED OFFICE:

1 City Road East

Manchester

M15 4PN

REGISTERED NUMBER:

10619210 (England and Wales)

ACCOUNTANTS:

Kay Johnson Gee Limited

1 City Road East

Manchester

M15 4PN

FIXED ASSETS

Tangible assets

4

-

272

CURRENT ASSETS

Debtors

5

3,042

7,530

Cash at bank

22,877

4,721

25,919

12,251

CREDITORS

Amounts falling due within one year

6

(12,478

)

(9,831

)

NET CURRENT ASSETS

13,441

2,420

TOTAL ASSETS LESS CURRENT LIABILITIES

13,441

2,692

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

13,341

2,592

SHAREHOLDERS' FUNDS

13,441

2,692

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th July 2020 and were signed by:

Miss K L Ball - Director

1.	STATUTORY INFORMATION

Complete Funding Solutions Limited is a private company limited by shares, incorporated in England and

Wales, registration number 10619210. The address of the principal place of business is 9 Wrights Green, Lumb

Brook Road, Appleton Thorn, Chesire, WA4 3HN and the registered office is 1 City Road East, Manchester, M15

4PN.

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 as the fair value of the consideration received or receivable, excluding value added tax.

The following criteria must also be met before turnover is recognised:

Turnover principally consists of income from activities of insurance agents and brokers.

Tangible fixed assets

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on fixed assets is charged to the profit and loss so as to write off their value, over their estimated

useful lives, using the following methods:

Computer equipment

-

33% on cost

At each balance sheet date, the Company reviews the carrying amounts of its fixed assets to determine

whether there is any indication that any items of property, plant and equipment have suffered an impairment

loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the

extent of the impairment loss, if any.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account,

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.

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.

Debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the

effective interest method, less impairment losses for bad and doubtful debts except where the effect of

discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for

bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are represented by cash at bank.

Creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the

effective interest method unless the effect of discounting would be immaterial, in which case they stated at

cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st March 2019

and 29th February 2020

800

DEPRECIATION

At 1st March 2019

528

Charge for year

272

At 29th February 2020

800

NET BOOK VALUE

At 29th February 2020

-

At 28th February 2019

272

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

3,042

7,530

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

292

1,254

Taxation and social security

10,782

3,606

Other creditors

1,404

4,971

12,478

9,831

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

95

Ordinary Class A

95

95

95

5

Ordinary Class A

5

5

5

100

100