Company Registration No. 08161858 (England and Wales)
THE CP CONSULTANCY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017
PAGES FOR FILING WITH REGISTRAR
THE CP CONSULTANCY LIMITED
COMPANY INFORMATION
Directors
Dr. W.R. Jacob
Mrs D.G. Jacob
Company number
08161858
Registered office
3 Manor Farm
Little Wenlock
Telford
Shropshire
TF6 5BZ
Accountants
James Holyoak & Parker Limited
1 Knights Court
Archers Way
Battlefield Enterprise Park
Shrewsbury
SY1 3GA
THE CP CONSULTANCY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
THE CP CONSULTANCY LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2017
31 December 2017
- 1 -
2017
2016
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
190
Current assets
Debtors
4
8,241
3,419
Cash at bank and in hand
105,164
105,599
113,405
109,018
Creditors: amounts falling due within one year
5
(10,649)
(7,351)
Net current assets
102,756
101,667
Total assets less current liabilities
102,756
101,857
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
102,656
101,757
Total equity
102,756
101,857
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 16 March 2018 and are signed on its behalf by:
Dr. W.R. Jacob
Mrs D.G. Jacob
Director
Director
Company Registration No. 08161858
THE CP CONSULTANCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017
- 2 -
1
Accounting policies
Company information
The CP Consultancy Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
3 Manor Farm, Little Wenlock, Telford, Shropshire, TF6 5BZ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration receivable for goods and services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
Over four years
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 2 (2016 - 2).
THE CP CONSULTANCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2017
- 3 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2017 and 31 December 2017
3,045
Depreciation and impairment
At 1 January 2017
2,855
Depreciation charged in the year
190
At 31 December 2017
3,045
Carrying amount
At 31 December 2017
-
At 31 December 2016
190
4
Debtors
2017
2016
Amounts falling due within one year:
£
£
Trade debtors
8,241
2,882
Other debtors
-
537
8,241
3,419
5
Creditors: amounts falling due within one year
2017
2016
£
£
Trade creditors
1,308
1,395
Corporation tax
6,996
4,352
Other taxation and social security
2,345
1,604
10,649
7,351
6
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
100
100
THE CP CONSULTANCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2017
- 4 -
7
Directors' transactions
Dividends totalling £30,000 (2016 - £30,000) were paid in the year in respect of shares held by the company's directors.