Contingent Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09201282 (England and Wales)

Financial Statements

for the Year Ended 31 March 2021

for

Contingent Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A C Brunskill

Mrs C M Brunskill

REGISTERED OFFICE:

Unit 15 Princeton Court

53-55 Felsham Road

Putney

London

SW15 1AZ

REGISTERED NUMBER:

09201282 (England and Wales)

ACCOUNTANTS:

SB&P

Chartered Accountants

Oriel House

2-8 Oriel Road

Bootle

Liverpool

Merseyside

L20 7EP

FIXED ASSETS

Tangible assets

4

2,019

1,672

CURRENT ASSETS

Debtors

5

51,150

1,581

Cash at bank

126,436

6,036

177,586

7,617

CREDITORS

Amounts falling due within one year

6

107,773

8,630

NET CURRENT ASSETS/(LIABILITIES)

69,813

(1,013

)

TOTAL ASSETS LESS CURRENT LIABILITIES

71,832

659

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

71,732

559

SHAREHOLDERS' FUNDS

71,832

659

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2021 and were signed on its behalf by:

A C Brunskill - Director

1.	STATUTORY INFORMATION

Contingent 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 represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where the turnover is recognised when the company obtains the right to consideration.

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

-

20% on reducing balance

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2020

857

6,291

7,148

Additions

-

1,679

1,679

At 31 March 2021

857

7,970

8,827

DEPRECIATION

At 1 April 2020

589

4,887

5,476

Charge for year

53

1,279

1,332

At 31 March 2021

642

6,166

6,808

NET BOOK VALUE

At 31 March 2021

215

1,804

2,019

At 31 March 2020

268

1,404

1,672

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

50,000

-

Other debtors

1,150

1,581

51,150

1,581

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Taxation and social security

64,712

5,306

Other creditors

43,061

3,324

107,773

8,630

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2021 and 31 March 2020:

31.3.21

31.3.20

£

£

A C Brunskill

Balance outstanding at start of year

431

3,150

Amounts advanced

10,816

65,000

Amounts repaid

(11,247

)

(67,719

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

431

The directors loan accounts are provided interest free and are repayable on demand.