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Unaudited Financial Statements |
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for the Period 1 December 2019 to 31 March 2021 |
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for |
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Cougar Printing Company Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 December 2019 to 31 March 2021 |
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for |
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Cougar Printing Company Limited |
Cougar Printing Company Limited (Registered number: 04549357) |
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Contents of the Financial Statements |
for the Period 1 December 2019 to 31 March 2021 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 5 |
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Chartered Accountants' Report | 10 |
Cougar Printing Company Limited |
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Company Information |
for the Period 1 December 2019 to 31 March 2021 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Russell Chambers |
61a North Street |
Keighley |
BD21 3DS |
Cougar Printing Company Limited (Registered number: 04549357) |
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Statement of Financial Position |
31 March 2021 |
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31.3.21 | 30.11.19 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
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Tangible assets | 6 |
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CURRENT ASSETS |
Stocks |
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Debtors | 7 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 8 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
9 |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
Cougar Printing Company Limited (Registered number: 04549357) |
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Statement of Financial Position - continued |
31 March 2021 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
Cougar Printing Company Limited (Registered number: 04549357) |
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Statement of Financial Position - continued |
31 March 2021 |
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The financial statements were approved by the director and authorised for issue on
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Cougar Printing Company Limited (Registered number: 04549357) |
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Notes to the Financial Statements |
for the Period 1 December 2019 to 31 March 2021 |
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1. | STATUTORY INFORMATION |
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Cougar Printing Company Limited is a
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents the amount received or receivable for goods and services provided to customers excluding VAT. |
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Goodwill |
Goodwill, being the amounts paid in connection with the acquisition of a business in 2003, 2005, 2008 and another in 2012, is being amortised evenly over its estimated useful life of ten years. |
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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. |
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Tangible fixed assets |
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Improvements to property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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Cougar Printing Company Limited (Registered number: 04549357) |
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Notes to the Financial Statements - continued |
for the Period 1 December 2019 to 31 March 2021 |
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3. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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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 period end and that are expected to apply to the reversal of the timing difference. |
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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. |
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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. |
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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. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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5. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 December 2019 |
and 31 March 2021 |
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AMORTISATION |
At 1 December 2019 |
and 31 March 2021 |
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NET BOOK VALUE |
At 31 March 2021 |
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At 30 November 2019 |
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Cougar Printing Company Limited (Registered number: 04549357) |
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Notes to the Financial Statements - continued |
for the Period 1 December 2019 to 31 March 2021 |
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6. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST |
At 1 December 2019 |
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Additions |
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At 31 March 2021 |
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DEPRECIATION |
At 1 December 2019 |
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Charge for period |
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At 31 March 2021 |
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NET BOOK VALUE |
At 31 March 2021 |
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At 30 November 2019 |
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Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 December 2019 |
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Additions |
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At 31 March 2021 |
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DEPRECIATION |
At 1 December 2019 |
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Charge for period |
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At 31 March 2021 |
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NET BOOK VALUE |
At 31 March 2021 |
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At 30 November 2019 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.21 | 30.11.19 |
£ | £ |
Trade debtors |
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Other debtors |
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Directors' current accounts |
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Cougar Printing Company Limited (Registered number: 04549357) |
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Notes to the Financial Statements - continued |
for the Period 1 December 2019 to 31 March 2021 |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.21 | 30.11.19 |
£ | £ |
Bank loans and overdrafts |
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Other loans |
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Trade creditors and accruals |
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Tax |
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Social security and other taxes |
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VAT |
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Other creditors |
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Directors' current accounts | - | 4,597 |
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9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.3.21 | 30.11.19 |
£ | £ |
Bank loans - 1-2 years |
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Bank loans - 2-5 years |
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Bank loans more 5 yr by instal |
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Other loans - 1-2 years | 15,626 | 27,000 |
Other loans - 2-5 years | - | 11,688 |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 8,335 | - |
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10. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.3.21 | 30.11.19 |
£ | £ |
Within one year |
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Between one and five years |
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Cougar Printing Company Limited (Registered number: 04549357) |
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Notes to the Financial Statements - continued |
for the Period 1 December 2019 to 31 March 2021 |
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11. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.3.21 | 30.11.19 |
£ | £ |
Bank overdraft |
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Bank loans |
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The company has granted NatWest bank a debenture over the assets of the company dated 13th October 2015. |
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In addition there is a first legal charge over a freehold owned by the directors. The directors have also given personal guarantees. |
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12. | ULTIMATE CONTROLLING PARTY |
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The directors control the company. |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Cougar Printing Company Limited |
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The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cougar Printing Company Limited for the period ended 31 March 2021 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the director of Cougar Printing Company Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cougar Printing Company Limited and state those matters that we have agreed to state to the director of Cougar Printing Company Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cougar Printing Company Limited and its director for our work or for this report. |
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It is your duty to ensure that Cougar Printing Company 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 Cougar Printing Company Limited. You consider that Cougar Printing Company Limited is exempt from the statutory audit requirement for the period. |
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We have not been instructed to carry out an audit or a review of the financial statements of Cougar Printing Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Accountants |
Russell Chambers |
61a North Street |
Keighley |
BD21 3DS |
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