Court Row Financial Management Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04720805 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2022

for

COURT ROW FINANCIAL MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R H Pilnick

SECRETARY:

Ms C S Child

REGISTERED OFFICE:

52 St Johns Lane

Halifax

West Yorkshire

HX1 2BW

REGISTERED NUMBER:

04720805 (England and Wales)

ACCOUNTANTS:

Riley & Co Limited

Chartered Accountants

52 St Johns Lane

Halifax

West Yorkshire

HX1 2BW

FIXED ASSETS

Intangible assets

4

15,000

30,000

Tangible assets

5

7,675

9,491

22,675

39,491

CURRENT ASSETS

Debtors

6

17,468

15,824

Cash at bank

99,503

78,026

116,971

93,850

CREDITORS

Amounts falling due within one year

7

41,288

31,363

NET CURRENT ASSETS

75,683

62,487

TOTAL ASSETS LESS CURRENT LIABILITIES

98,358

101,978

CREDITORS

Amounts falling due after more than one year

8

(37,614

)

(49,111

)

PROVISIONS FOR LIABILITIES

(1,458

)

(1,635

)

NET ASSETS

59,286

51,232

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

59,186

51,132

SHAREHOLDERS' FUNDS

59,286

51,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 21 March 2023 and were signed by:

Mr R H Pilnick - Director

1.	STATUTORY INFORMATION

Court Row Financial Management 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 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 2003, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and Straight line over 3 years

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

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.

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 4 (2021 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2021

and 31 July 2022

300,000

AMORTISATION

At 1 August 2021

270,000

Charge for year

15,000

At 31 July 2022

285,000

NET BOOK VALUE

At 31 July 2022

15,000

At 31 July 2021

30,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2021

49,081

Additions

260

At 31 July 2022

49,341

DEPRECIATION

At 1 August 2021

39,590

Charge for year

2,076

At 31 July 2022

41,666

NET BOOK VALUE

At 31 July 2022

7,675

At 31 July 2021

9,491

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

Plant and

machinery

etc

£

COST

At 1 August 2021

and 31 July 2022

34,426

DEPRECIATION

At 1 August 2021

28,299

Charge for year

1,532

At 31 July 2022

29,831

NET BOOK VALUE

At 31 July 2022

4,595

At 31 July 2021

6,127

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Trade debtors

17,468

15,318

Other debtors

-

506

17,468

15,824

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Bank loans and overdrafts

10,030

2,500

Hire purchase contracts

1,611

1,922

Taxation and social security

9,458

11,227

Other creditors

20,189

15,714

41,288

31,363

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.22

31.7.21

£

£

Bank loans

37,614

47,500

Hire purchase contracts

-

1,611

37,614

49,111

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

-

7,500

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2022 and 31 July 2021:

31.7.22

31.7.21

£

£

Mr R H Pilnick

Balance outstanding at start of year

(2,256

)

(7,485

)

Amounts advanced

375

6,024

Amounts repaid

(10,410

)

(795

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(12,291

)

(2,256

)