A & H Currie Consultancy Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04993915 (England and Wales)

A & H Currie Consultancy Services

Limited

Unaudited Financial Statements for the Year Ended 31 December 2021

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A M J Currie

Mrs H E Currie

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

04993915 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

HSBC Bank plc

PO Box 120

49 Corn Street

Bristol

BS99 7PP

FIXED ASSETS

Tangible assets

5

38,174

56,764

CURRENT ASSETS

Debtors

563,938

518,688

CREDITORS

Amounts falling due within one year

346,624

302,437

NET CURRENT ASSETS

217,314

216,251

TOTAL ASSETS LESS CURRENT LIABILITIES

255,488

273,015

CREDITORS

Amounts falling due after more than one year

280,391

300,730

NET LIABILITIES

(24,903

)

(27,715

)

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

(24,905

)

(27,717

)

SHAREHOLDERS' FUNDS

(24,903

)

(27,715

)

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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2022 and were signed on its behalf by:

A M J Currie - Director

1.	STATUTORY INFORMATION

A & H Currie Consultancy Services 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.

The financial statements have been prepared on a going concern basis which assumes the continued support of the company's directors and bankers.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

over life of lease

Plant and machinery

-

33% on reducing balance and over life of lease

Motor vehicles

-

25% on reducing balance and over life of lease

Computer equipment

-

33% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2020 - 6 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2021

and 31 December 2021

224,326

DEPRECIATION

At 1 January 2021

167,562

Charge for year

18,590

At 31 December 2021

186,152

NET BOOK VALUE

At 31 December 2021

38,174

At 31 December 2020

56,764

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Totals

£

COST

At 1 January 2021

and 31 December 2021

96,295

DEPRECIATION

At 1 January 2021

49,958

Charge for year

15,696

At 31 December 2021

65,654

NET BOOK VALUE

At 31 December 2021

30,641

At 31 December 2020

46,337

6.

LOANS

An analysis of the maturity of loans is given below:

31.12.21

31.12.20

£

£

Amounts falling due within one year or on demand:

Bank loans

32,000

14,583

Other loans

58,235

57,519

90,235

72,102

Amounts falling due between one and two years:

Bank loans

32,000

25,000

Other loans

57,264

52,662

89,264

77,662

Amounts falling due between two and five years:

Bank loans

84,333

60,417

Other loans

71,586

111,998

155,919

172,415

7.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

Finance leases

31.12.21

31.12.20

31.12.21

31.12.20

£

£

£

£

Net obligations repayable:

Within one year

10,600

12,047

4,845

4,845

Between one and five years

22,967

33,567

12,241

17,086

33,567

45,614

17,086

21,931

Non-cancellable

operating leases

31.12.21

31.12.20

£

£

Within one year

65,000

65,000

Between one and five years

260,000

260,000

In more than five years

682,500

747,500

1,007,500

1,072,500

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.21

31.12.20

£

£

Bank overdrafts

56,314

47,946

Hire purchase contracts and finance leases

50,653

67,545

Other loans

-

215,380

106,967

330,871

The bank overdraft is secured by fixed and floating charges over the undertaking and all property and assets present and future.

Hire purchase contracts are secured over the asset in which they relate to.

The Funding Circle loans have been secured by a personal guarantee from the company's directors, AMJ Currie and Mrs HE Currie.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.21

31.12.20

value:

£

£

1

'A' Ordinary

£1

1

1

1

'B' Ordinary

£1

1

1

2

2

All classes of shares rank pari passu in all respects.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2021 and 31 December 2020:

31.12.21

31.12.20

£

£

A M J Currie and Mrs H E Currie

Balance outstanding at start of year

316,816

280,222

Amounts advanced

53,373

36,594

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

370,189

316,816

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is AMJ and Mrs HE Currie.

The company was controlled throughout the current and previous period by the company's directors, by virtue of the fact that between them they own all the company's issued share capital.