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 2021

for

CERTI-FI SCHEMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

J R Christie

A R Pickup

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

5

21,000

42,000

Tangible assets

6

1,505

-

22,505

42,000

Current assets

Debtors

7

33,038

49,023

Cash at bank

176,471

116,525

209,509

165,548

Creditors

Amounts falling due within one year

8

106,117

77,359

Net current assets

103,392

88,189

Total assets less current liabilities

125,897

130,189

Creditors

Amounts falling due after more than one year

9

35,725

50,000

Net assets

90,172

80,189

Capital and reserves

Called up share capital

10

5

5

Retained earnings

90,167

80,184

Shareholders' funds

90,172

80,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2022 and were signed on its behalf by:

D J Lindsay - 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.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

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.

Tangible fixed assets

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

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

4.	Employees and directors

The average number of employees during the year was 4 (2020 - 6 ) .

5.	Intangible fixed assets

Other

intangible

assets

£

Cost

At 1 January 2021

and 31 December 2021

84,000

Amortisation

At 1 January 2021

42,000

Charge for year

21,000

At 31 December 2021

63,000

Net book value

At 31 December 2021

21,000

At 31 December 2020

42,000

6.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

Additions

1,677

At 31 December 2021

1,677

Depreciation

Charge for year

172

At 31 December 2021

172

Net book value

At 31 December 2021

1,505

7.

Debtors: amounts falling due within one year

2021

2020

£

£

Trade debtors

32,422

49,023

Amounts owed by group undertakings

616

-

33,038

49,023

8.

Creditors: amounts falling due within one year

2021

2020

£

£

Bank loans and overdrafts

9,516

-

Trade creditors

8,938

29,904

Taxation and social security

78,433

41,441

Other creditors

9,230

6,014

106,117

77,359

9.

Creditors: amounts falling due after more than one year

2021

2020

£

£

Bank loans

35,725

-

Other creditors

-

50,000

35,725

50,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

-

50,000

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

5

Ordinary

£1

5

5