Robert Cowlishaw and Associates Limited - Period Ending 2021-03-31

Robert Cowlishaw and Associates Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 4

Robert Cowlishaw and Associates Limited

(Registration number: 03340691)
Statement of Financial Position as at 31 March 2021

	Note	2021 £	2020 £
Fixed assets
Tangible assets	4	219	429
Current assets
Debtors	5	-	304
Cash at bank and in hand		7,500	2,440
		7,500	2,744
Creditors: Amounts falling due within one year	6	(6,444)	(4,075)
Net current assets/(liabilities)		1,056	(1,331)
Net assets/(liabilities)		1,275	(902)
Capital and reserves
Called up share capital		2	2
Profit and loss account		1,273	(904)
Shareholders Funds		1,275	(902)

For the financial year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the director on 16 December 2021
 

.........................................

R Cowlishaw
Director

Robert Cowlishaw and Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Sherwood Road
Woodley
Stockport
Cheshire
SK6 1LH
United Kingdom

These financial statements were authorised for issue by the director on 16 December 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies ACT 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Due to the widespread pandemic and medium to long term impact of the corona virus, future results may be adversely affected. The director, where possible, has implemented cost cutting measures in an attempt to reduce the loss from any reduction in income. He will financially support the company when applicable.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Robert Cowlishaw and Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	33% straight line

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
 
 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2020 - 1).

Robert Cowlishaw and Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2020	1,300	1,300
Additions	639	639
At 31 March 2021	1,939	1,939
Depreciation
At 1 April 2020	1,300	1,300
Charge for the year	420	420
At 31 March 2021	1,720	1,720
Carrying amount
At 31 March 2021	219	219
At 31 March 2020	429	429

5

Debtors

	2021 £	2020 £
Other debtors	-	304
	-	304

6

Creditors

Creditors: amounts falling due within one year

	2021 £	2020 £
Due within one year
Taxation and social security	106	-
Other creditors	6,338	4,075
	6,444	4,075