Christian Douglass Accountants Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11177618 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

FOR

CHRISTIAN DOUGLASS ACCOUNTANTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R J Massey

Mrs D J Burton

Mr P Caygill

REGISTERED OFFICE:

2 Jordan Street

Knott Mill

Manchester

M15 4PY

REGISTERED NUMBER:

11177618 (England and Wales)

FIXED ASSETS

Intangible assets

4

456,000

608,000

Tangible assets

5

5,982

7,165

461,982

615,165

CURRENT ASSETS

Debtors

6

369,670

433,340

Cash at bank and in hand

190,722

84,509

560,392

517,849

CREDITORS

Amounts falling due within one year

7

419,946

431,447

NET CURRENT ASSETS

140,446

86,402

TOTAL ASSETS LESS CURRENT LIABILITIES

602,428

701,567

CREDITORS

Amounts falling due after more than one year

8

504,873

647,632

NET ASSETS

97,555

53,935

CAPITAL AND RESERVES

Called up share capital

40

40

Retained earnings

97,515

53,895

SHAREHOLDERS' FUNDS

97,555

53,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 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 29 January 2021 and were signed on its behalf by:

Mr R J Massey - Director

Mrs D J Burton - Director

Mr P Caygill - Director

1.	STATUTORY INFORMATION

Christian Douglass Accountants Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 11177618 and its registered office is at 2 Jordan Street, Knott Mill, Manchester, M15 4PY.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets, includng goodwill, 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2019 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2019

and 30 April 2020

760,000

AMORTISATION

At 1 May 2019

152,000

Charge for year

152,000

At 30 April 2020

304,000

NET BOOK VALUE

At 30 April 2020

456,000

At 30 April 2019

608,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2019

13,539

Additions

4,866

At 30 April 2020

18,405

DEPRECIATION

At 1 May 2019

6,374

Charge for year

6,049

At 30 April 2020

12,423

NET BOOK VALUE

At 30 April 2020

5,982

At 30 April 2019

7,165

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Trade debtors

261,679

352,668

Other debtors

107,991

80,672

369,670

433,340

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Trade creditors

44,909

25,168

Taxation and social security

193,053

201,570

Other creditors

181,984

204,709

419,946

431,447

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.20

30.4.19

£

£

Other creditors

504,873

647,632

30.4.20

30.4.19

£

£

Amounts falling due in more than five years:

Repayable by instalments

Other loans payable in more than 5 years by instalments

166,500

252,500

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.4.20

30.4.19

£

£

Within one year

79,983

79,594

Between one and five years

162,199

241,426

242,182

321,020

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.20

30.4.19

£

£

Other loans

654,873

824,310

Other loans are secured by fixed and floating charges over the assets of the company.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 April 2020 and the period ended 30 April 2019:

30.4.20

30.4.19

£

£

Mr P Caygill

Balance outstanding at start of year

-

-

Amounts advanced

781

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

781

-

Mr R J Massey

Balance outstanding at start of year

-

-

Amounts advanced

96

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

96

-