Christian Douglass Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05769349 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

FOR

CHRISTIAN DOUGLASS GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr G Storey

Mr D K Baldwin

REGISTERED OFFICE:

2 Jordan Street

Knott Mill

Manchester

M15 4PY

REGISTERED NUMBER:

05769349 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,079

-

Investments

6

9

9

2,088

9

CURRENT ASSETS

Debtors

7

1,919,390

1,948,243

Cash at bank

442,956

188,308

2,362,346

2,136,551

CREDITORS

Amounts falling due within one year

8

457,337

425,423

NET CURRENT ASSETS

1,905,009

1,711,128

TOTAL ASSETS LESS CURRENT LIABILITIES

1,907,097

1,711,137

PROVISIONS FOR LIABILITIES

395

-

NET ASSETS

1,906,702

1,711,137

CAPITAL AND RESERVES

Called up share capital

80,001

80,001

Retained earnings

1,826,701

1,631,136

SHAREHOLDERS' FUNDS

1,906,702

1,711,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 March 2022 and were signed on its behalf by:

Mr D K Baldwin - Director

1.	STATUTORY INFORMATION

Christian Douglass Group Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05769349 and registered office address is 2 Jordan Street, Knott Mill, Manchester, M15 4PY.

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 fees and commissions receivable for services rendered during the period. Turnover is recognised when the company obtains the right to consideration. This right is obtained on completion of the terms as defined under each contract. Consideration accrues as the contract progresses by reference to the value of the work performed. Turnover is not recognised where the right to receive payment is contingent on events outside the control of the company.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses in 2007 and 2010, is being amortised evenly over its estimated useful life of ten 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

-

20% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 8 (2020 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2020

and 30 June 2021

283,000

AMORTISATION

At 1 July 2020

and 30 June 2021

283,000

NET BOOK VALUE

At 30 June 2021

-

At 30 June 2020

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 July 2020

-

3,323

3,323

Additions

407

2,072

2,479

At 30 June 2021

407

5,395

5,802

DEPRECIATION

At 1 July 2020

-

3,323

3,323

Charge for year

68

332

400

At 30 June 2021

68

3,655

3,723

NET BOOK VALUE

At 30 June 2021

339

1,740

2,079

At 30 June 2020

-

-

-

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2020

and 30 June 2021

9

NET BOOK VALUE

At 30 June 2021

9

At 30 June 2020

9

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.21

30.6.20

£

£

Trade debtors

41,497

19,935

Amounts owed by group undertakings

1,621,618

1,622,602

Other debtors

256,275

305,706

1,919,390

1,948,243

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.21

30.6.20

£

£

Trade creditors

194

146

Taxation and social security

112,223

149,642

Other creditors

344,920

275,635

457,337

425,423

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2021 and 30 June 2020:

30.6.21

30.6.20

£

£

Mr G Storey

Balance outstanding at start of year

130,000

-

Amounts advanced

-

130,000

Amounts repaid

(130,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

130,000