Christian Douglass Accountants Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 11177618 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022

FOR

CHRISTIAN DOUGLASS ACCOUNTANTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R J Massey

Mrs D J Burton

Mr P Caygill

REGISTERED OFFICE:

2 Jordan Street

Knott Mill

Manchester

M15 4PY

REGISTERED NUMBER:

11177618 (England and Wales)

FIXED ASSETS

Intangible assets

4

242,099

392,849

Tangible assets

5

5,508

3,987

247,607

396,836

CURRENT ASSETS

Debtors

6

466,515

406,998

Cash at bank and in hand

262,044

377,153

728,559

784,151

CREDITORS

Amounts falling due within one year

7

398,557

574,633

NET CURRENT ASSETS

330,002

209,518

TOTAL ASSETS LESS CURRENT LIABILITIES

577,609

606,354

CREDITORS

Amounts falling due after more than one year

8

(278,530

)

(407,373

)

PROVISIONS FOR LIABILITIES

(1,042

)

-

NET ASSETS

298,037

198,981

CAPITAL AND RESERVES

Called up share capital

40

40

Retained earnings

297,997

198,941

SHAREHOLDERS' FUNDS

298,037

198,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 30 January 2023 and were signed on its behalf by:

Mr R J Massey - Director

Mrs D J Burton - Director

Mr P Caygill - Director

1.	STATUTORY INFORMATION

Christian Douglass Accountants Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 11177618 and its registered office is at 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets, includng goodwill, 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2021 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2021

848,849

Additions

1,250

At 30 April 2022

850,099

AMORTISATION

At 1 May 2021

456,000

Charge for year

152,000

At 30 April 2022

608,000

NET BOOK VALUE

At 30 April 2022

242,099

At 30 April 2021

392,849

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2021

19,074

Additions

4,484

At 30 April 2022

23,558

DEPRECIATION

At 1 May 2021

15,087

Charge for year

2,963

At 30 April 2022

18,050

NET BOOK VALUE

At 30 April 2022

5,508

At 30 April 2021

3,987

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Trade debtors

307,539

293,091

Other debtors

158,976

113,907

466,515

406,998

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Bank loans and overdrafts

10,000

5,000

Trade creditors

42,931

47,926

Taxation and social security

217,198

248,838

Other creditors

128,428

272,869

398,557

574,633

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.22

30.4.21

£

£

Bank loans

35,000

45,000

Other creditors

243,530

362,373

278,530

407,373

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

-

5,000

Other loans

47,568

116,848

47,568

121,848

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.4.22

30.4.21

£

£

Within one year

80,821

77,588

Between one and five years

13,654

85,211

In more than five years

2,376

-

96,851

162,799

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.22

30.4.21

£

£

Other loans

292,521

601,222

Other loans are secured by fixed and floating charges over the assets of the company.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2022 and 30 April 2021:

30.4.22

30.4.21

£

£

Mr P Caygill

Balance outstanding at start of year

1,019

781

Amounts advanced

-

238

Amounts repaid

(1,019

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1,019

Mr R J Massey

Balance outstanding at start of year

2,772

96

Amounts advanced

-

2,676

Amounts repaid

(2,772

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

2,772