Contractor Taxation Services Ltd Filleted accounts for Companies House (small and micro)
Contractor Taxation Services Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
03522217
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Statement of Financial Position |
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2020 |
2019 |
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Note |
£ |
£ |
£ |
Fixed Assets
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Investments |
5 |
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Current Assets
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Debtors |
6 |
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Investments |
7 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
8 |
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Net Current Assets |
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Total Assets Less Current Liabilities |
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Capital and Reserves
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Called up share capital |
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Profit and loss account |
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Shareholders Funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
29 December 2020
, and are signed on behalf of the board by:
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Director |
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Company registration number:
03522217
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Notes to the Financial Statements |
Year ended 31st May 2020
1.
General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Emstrey House North, Shrewsbury Business Park, Shrewsbury, SY2 6LG.
2.
Statement of Compliance
3.
Accounting Policies
Basis of Preparation
Revenue Recognition
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4.
Employee Numbers
The average number of persons employed by the company during the year amounted to
1
(2019:
1
).
5.
Investments
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Other investments other than loans |
Other loans |
Total |
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£ |
£ |
£ |
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Cost |
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At 1st June 2019 |
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Additions |
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Other movements |
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– |
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At 31st May 2020 |
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Impairment |
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At 1st June 2019 and 31st May 2020 |
– |
– |
– |
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Carrying amount |
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At 31st May 2020 |
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At 31st May 2019 |
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6.
Debtors
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2020 |
2019 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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7.
Investments
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2020 |
2019 |
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£ |
£ |
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Quoted shareholdings |
96,840 |
120,925 |
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Quoted share portfolio is included at market value.
8.
Creditors:
amounts falling due within one year
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2020 |
2019 |
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£ |
£ |
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Corporation tax |
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9.
Director's Advances, Credits and Guarantees
During the year the director entered into the following advances and credits with the company:
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2020 |
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Balance brought forward |
Advances/ (credits) to the director |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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– |
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(
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2019 |
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Balance brought forward |
Advances/ (credits) to the director |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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– |
(
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– |
(
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10.
Related Party Transactions
The company was under the control of Mr Ian Stewart throughout the year. Mr Stewart is the sole director. During the year the company paid dividends to Mr I Stewart £4,200 (2019 Nil), Mrs D Stewart £2,600 (2019 Nil) and R I Cooke £1,200 (2019 Nil).