A & H Currie Consultancy Services Ltd - Accounts to registrar (filleted) - small 18.2

A & H CURRIE CONSULTANCY SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 04993915 (England and Wales)

A & H Currie Consultancy Services

Limited

Unaudited Financial Statements for the Year Ended 31 December 2019

Page

Company Information

Abridged Statement of Financial Position

Notes to the Financial Statements

DIRECTORS:

A M J Currie

Mrs H E Currie

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

04993915 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

HSBC Bank plc

PO Box 120

49 Corn Street

Bristol

BS99 7PP

FIXED ASSETS

Tangible assets

96,731

56,645

CURRENT ASSETS

Debtors

535,928

430,264

CREDITORS

Amounts falling due within one year

458,757

331,928

NET CURRENT ASSETS

77,171

98,336

TOTAL ASSETS LESS CURRENT
LIABILITIES

173,902

154,981

CREDITORS

Amounts falling due after more than one
year

164,729

145,296

NET ASSETS

9,173

9,685

CAPITAL AND RESERVES

Called up share capital

Retained earnings

9,171

9,683

SHAREHOLDERS' FUNDS

9,173

9,685

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Financial Position for the year ended 31 December 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 and authorised for issue on 28 October 2020 and were signed on its behalf by:

A M J Currie - Director

1.	STATUTORY INFORMATION

A & H Currie Consultancy Services Limited 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

33% on reducing balance, 25% on reducing balance and over life of lease

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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2018 - 6 ) .

5.	TANGIBLE FIXED ASSETS

Totals

COST

At 1 January 2019

205,336

Additions

82,385

Disposals

(26,145

)

At 31 December 2019

261,576

DEPRECIATION

At 1 January 2019

148,691

Charge for year

36,945

Eliminated on disposal

(20,791

)

At 31 December 2019

164,845

NET BOOK VALUE

At 31 December 2019

96,731

At 31 December 2018

56,645

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Totals

COST

At 1 January 2019

108,462

Additions

81,795

Disposals

(26,145

)

Transfer to ownership

(11,042

)

At 31 December 2019

153,070

DEPRECIATION

At 1 January 2019

71,380

Charge for year

30,372

Eliminated on disposal

(20,791

)

Transfer to ownership

(10,147

)

At 31 December 2019

70,814

NET BOOK VALUE

At 31 December 2019

82,256

At 31 December 2018

37,082

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

Finance leases

31.12.19

31.12.18

31.12.19

31.12.18

Net obligations repayable:

Within one year

20,302

9,909

9,052

17,450

Between one and five years

49,932

17,235

21,931

4,207

70,234

27,144

30,983

21,657

Non-cancellable

operating leases

31.12.19

31.12.18

Within one year

65,000

Between one and five years

260,000

In more than five years

812,500

877,500

1,137,500

1,202,500

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.19

31.12.18

Bank overdrafts

52,873

2,499

Bank loans

1,891

Hire purchase contracts and finance leases

101,217

48,801

Other loans

156,116

169,428

310,206

222,619

The bank overdraft is secured by fixed and floating charges over the undertaking and all property and assets present and future.

The bank loan has been secured by a personal guarantee provided by the company's director AMJ Currie.

Hire purchase contracts are secured over the asset in which they relate to.

The Funding Circle loans have been secured by a personal guarantee from the company's directors, AMJ Currie and Mrs HE Currie.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2019 and 31 December 2018:

31.12.19

31.12.18

A M J Currie and Mrs H E Currie

Balance outstanding at start of year

247,198

333,969

Amounts repaid

(50,000

)

(238,862

)

Amounts written off

Amounts waived

Balance outstanding at end of year

280,222

247,198

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is AMJ and Mrs HE Currie.

The company was controlled throughout the current and previous period by the company's directors, by virtue of the fact that between them they own all the company's issued share capital.