Competitive Advantage Consultancy Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03931018 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2021

for

Competitive Advantage Consultancy Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C J Ashworth

SECRETARY:

S Ashworth

REGISTERED OFFICE:

Coomberry

Hook Road

Greywell

Hook

Hampshire

RG29 1BT

REGISTERED NUMBER:

03931018 (England and Wales)

ACCOUNTANTS:

R W Associates

7 The Buchan

Camberley

Surrey

GU15 3XB

FIXED ASSETS

Tangible assets

4

803

617

CURRENT ASSETS

Debtors

5

14,994

12,110

Cash at bank

45,058

9,909

60,052

22,019

CREDITORS

Amounts falling due within one year

6

30,793

20,524

NET CURRENT ASSETS

29,259

1,495

TOTAL ASSETS LESS CURRENT LIABILITIES

30,062

2,112

CREDITORS

Amounts falling due after more than one year

7

45,000

-

NET (LIABILITIES)/ASSETS

(14,938

)

2,112

CAPITAL AND RESERVES

Called up share capital

8

800

800

Retained earnings

(15,738

)

1,312

SHAREHOLDERS' FUNDS

(14,938

)

2,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 21 May 2021 and were signed by:

C J Ashworth - Director

1.	STATUTORY INFORMATION

Competitive Advantage Consultancy Ltd 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

The turnover shown in the profit and loss account represents amounts receivable during the year, exclusive of Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

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 5 (2020 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 March 2020

5,958

8,581

14,539

Additions

-

582

582

At 28 February 2021

5,958

9,163

15,121

DEPRECIATION

At 1 March 2020

5,479

8,443

13,922

Charge for year

72

324

396

At 28 February 2021

5,551

8,767

14,318

NET BOOK VALUE

At 28 February 2021

407

396

803

At 29 February 2020

479

138

617

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.21

29.2.20

£

£

Trade debtors

11,322

8,268

Other debtors

3,672

3,842

14,994

12,110

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.21

29.2.20

£

£

Trade creditors

4,115

221

Taxation and social security

21,143

15,843

Other creditors

5,535

4,460

30,793

20,524

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.21

29.2.20

£

£

Bank loans

45,000

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.21

29.2.20

value:

£

£

800

Ordinary

£1

800

800

9.	ULTIMATE CONTROLLING PARTY

The controlling party is C J Ashworth.