Accountancy.coop Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04703132 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2022

for

Accountancy.coop Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M I Arthur FMAAT,FFA,FIPA,FFTA

SECRETARY:

M A Carlile

REGISTERED OFFICE:

56 Dorchester Road

Lytchett Minster

Poole

Dorset

BH16 6JE

REGISTERED NUMBER:

04703132 (England and Wales)

ACCOUNTANTS:

Accountancy Co-operative

56 Dorchester Road

Lytchett Minster

Poole

Dorset

BH16 6JE

BANKERS:

Lloyds Bank plc

Bournemouth (309108) Branch

45 - 47 Old Christchurch Road

Bournemouth

Dorset

BH1 1ED

FIXED ASSETS

Intangible assets

4

24,000

30,000

Tangible assets

5

9,212

18,285

Investments

6

1,168

1,100

34,380

49,385

CURRENT ASSETS

Stocks

7

1,979

5,736

Debtors

8

13,379

1,240

Cash at bank and in hand

30,027

30,608

45,385

37,584

CREDITORS

Amounts falling due within one year

9

58,286

43,404

NET CURRENT LIABILITIES

(12,901

)

(5,820

)

TOTAL ASSETS LESS CURRENT LIABILITIES

21,479

43,565

CREDITORS

Amounts falling due after more than one year

10

(16,720

)

(30,000

)

PROVISIONS FOR LIABILITIES

(1,732

)

(3,388

)

NET ASSETS

3,027

10,177

CAPITAL AND RESERVES

Called up share capital

12

12

Retained earnings

3,015

10,165

SHAREHOLDERS' FUNDS

3,027

10,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 12 July 2022 and were signed by:

M I Arthur FMAAT,FFA,FIPA,FFTA - Director

1.	STATUTORY INFORMATION

Accountancy.coop 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

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.

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

Motor vehicles

-

15% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stock is represented in the accounts as Work-in-progress and Stamp Stock.

Work-in-progress is valued from our Timedata at the lower of total costs of fees, net of a ten percent allowance for potential write-offs.

Stamp stock is valued from actual stamps, at face value, and remaining in the postage book at the end of the year.

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.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2021

and 31 March 2022

120,000

AMORTISATION

At 1 April 2021

90,000

Amortisation for year

6,000

At 31 March 2022

96,000

NET BOOK VALUE

At 31 March 2022

24,000

At 31 March 2021

30,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2021

12,805

19,045

49,524

81,374

Additions

1,552

-

-

1,552

Disposals

-

(19,045

)

-

(19,045

)

At 31 March 2022

14,357

-

49,524

63,881

DEPRECIATION

At 1 April 2021

9,452

11,590

42,047

63,089

Charge for year

678

-

2,492

3,170

Eliminated on disposal

-

(11,590

)

-

(11,590

)

At 31 March 2022

10,130

-

44,539

54,669

NET BOOK VALUE

At 31 March 2022

4,227

-

4,985

9,212

At 31 March 2021

3,353

7,455

7,477

18,285

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2021

1,100

Additions

68

At 31 March 2022

1,168

NET BOOK VALUE

At 31 March 2022

1,168

At 31 March 2021

1,100

7.

STOCKS

31.3.22

31.3.21

£

£

Work In Progress

1,334

4,984

Stamp Stock

645

752

1,979

5,736

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

2,866

1,240

Sundry Debtors

1,449

-

Prepayments and accrued income

9,064

-

13,379

1,240

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

4,560

-

Payments on account

16,160

24,830

Trade creditors

13,239

3,065

Tax

-

1,017

Social security and other taxes

-

168

VAT

2,987

2,578

Other creditors

9,311

57

Credit Card

621

737

Directors' loan accounts

11,408

10,952

58,286

43,404

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans - 1-2 years - BBLS

4,560

-

Bank loans - 2-5 years - BBLS

12,160

30,000

16,720

30,000