Certi-fi Schemes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08823843 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2019

for

CERTI-FI SCHEMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

J R Christie

A R Pickup

J W Pilkington

F Hussain

D J Lindsay

Registered office:

Centurion House

Leyland Business Park

Centurion Way, Farington

Leyland

PR25 3GR

Registered number:

08823843 (England and Wales)

Accountants:

Haines Watts Manchester Limited

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Fixed assets

Intangible assets

4

49,500

-

Current assets

Debtors

5

87,535

13,139

Cash at bank

52,564

56,815

140,099

69,954

Creditors

Amounts falling due within one year

6

62,472

114,894

Net current assets/(liabilities)

77,627

(44,940

)

Total assets less current liabilities

127,127

(44,940

)

Creditors

Amounts falling due after more than one year

7

116,646

-

Net assets/(liabilities)

10,481

(44,940

)

Capital and reserves

Called up share capital

5

5

Retained earnings

10,476

(44,945

)

10,481

(44,940

)

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.

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 30 November 2020 and were signed on its behalf by:

J R Christie - Director

1.	Statutory information

Certi-fi Schemes 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.	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 at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Development costs are being amortised evenly over their estimated useful life of four years.

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.

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 8 (2018 - 5 ) .

4.	Intangible fixed assets

Other

intangible

assets

£

Cost

Additions

66,000

At 31 December 2019

66,000

Amortisation

Charge for year

16,500

At 31 December 2019

16,500

Net book value

At 31 December 2019

49,500

5.

Debtors: amounts falling due within one year

2019

2018

£

£

Trade debtors

45,677

12,822

Other debtors

41,858

317

87,535

13,139

6.

Creditors: amounts falling due within one year

2019

2018

£

£

Trade creditors

36,175

2,761

Amounts owed to group undertakings

-

51,747

Taxation and social security

13,406

22,441

Other creditors

12,891

37,945

62,472

114,894

7.

Creditors: amounts falling due after more than one year

2019

2018

£

£

Amounts owed to group undertakings

86,148

-

Other creditors

30,498

-

116,646

-

8.	Directors' advances, credits and guarantees

At the year end £15,249 was due to F Hussain and £15,249 to D Lindsay, directors in the year.

These loans are repayable on demand and interest free.