Coalesce Product Development Limited 31/03/2018 iXBRL

COALESCE PRODUCT DEVELOPMENT LIMITED - Company Information

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Company registration number: 6918765

Coalesce Product Development Limited

Unaudited filleted financial statements

31 March 2018

Coalesce Product Development Limited

Contents

Directors and other information

Accountant's report

Statement of financial position and notes to the financial statements

Coalesce Product Development Limited

Directors and other information


Directors	Mr Dave Ahern
	Mr Robin Cocker	(Resigned 01 February 2018)
	Mr Paul Mutti	(Resigned 01 February 2018)
	Mr James Tibbatts
	Dr Colin Dalton
	Mr Stijn Van Rompay	(Appointed 22 February 2018)


Company number	6918765


Registered office	St John's Innovation Centre
	Cowley Road
	Cambridge
	CB4 0WS


Business address	St John's Innovation Centre
	Cowley Road
	Cambridge
	CB4 0WS


Accountant	Paul Eldred FCCA
	First Floor
	30 - 34 Parliament Square
	Hertford
	SG14 1EZ




	Bankers	Co-Operative Bank
		PO Box 250
		Skelmersdale
		Lancashire
		WN8 6WT


	Solicitors	Hewitsons
		Shakespeare House
		42 Newmarket Road
		Cambridge
		CB5 8EP

Coalesce Product Development Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Coalesce Product Development Limited

Year ended 31 March 2018

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Coalesce Product Development Limited for the year ended 31 March 2018 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of Coalesce Product Development Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Coalesce Product Development Limited and state those matters that we have agreed to state to the board of directors of Coalesce Product Development Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Coalesce Product Development Limited and its board of directors as a body for my work or for this report.

It is your duty to ensure that Coalesce Product Development Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Coalesce Product Development Limited. You consider that Coalesce Product Development Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Coalesce Product Development Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Paul Eldred FCCA

Chartered Certified Accountant

First Floor

30 - 34 Parliament Square

Hertford

SG14 1EZ

30 July 2018

Coalesce Product Development Limited

Statement of financial position

31 March 2018

	2018		2017
	£	£	£	£

Fixed assets		156,059		181,606
		_______		_______

Current assets	1,330,101		239,789
Prepayments and accrued income	28,350		28,350
	_______		_______
		1,358,451		268,139

Creditors: amounts falling due within one year		( 61,583)		( 88,798)
		_______		_______

Net current assets		1,296,868		179,341
		_______		_______

Total assets less current liabilities		1,452,927		360,947

Creditors: amounts falling due after more than one year		( 1,215,917)		( 44,131)

Provisions for liabilities		( 20,308)		( 27,871)

Accruals and deferred income		( 64,959)		( 33,544)

		_______		_______
Net assets		151,743		255,401
		_______		_______

Capital and reserves		151,743		255,401
		_______		_______

Notes to the financial statements

Coalesce Product Development Limited

Year ended 31 March 2018

1. Employee numbers

The average number of persons employed by the company during the year amounted to 17 (2017: 17 ).

2. Contingent assets and liabilities

There were no contingent liabilities at 31 March 2018 not already provided for in these financial statements.

3. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2018
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Robin Cocker	-	-	-
	Mr Paul Mutti	-	-	-
		_______	_______	_______

2017
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Robin Cocker	-	( 24,057)	( 24,057)
	Mr Paul Mutti	-	( 20,482)	( 20,482)
		_______	_______	_______
		-	( 44,539)	( 44,539)
		_______	_______	_______

For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsiblities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the board of directors and authorised for issue on 30 July 2018 , and are signed on behalf of the board by:

Mr Dave Ahern Dr Colin Dalton

Director Director

Company registration number: 6918765

The company is a private company limited by shares, registered in England.