Registration number:
Matthew Coughlan Consulting Ltd
for the Year Ended 28 February 2018
42a Walnut Road
Chelston
Torquay
Devon
TQ2 6HS
Matthew Coughlan Consulting Ltd
Contents
Company Information |
|
Accountants' Report |
|
Statement of Comprehensive Income |
|
Balance Sheet |
|
Statement of Changes in Equity |
|
Notes to the Financial Statements |
Matthew Coughlan Consulting Ltd
Company Information
Director |
Mr Matthew Launce Coughlan |
Registered office |
|
Accountants |
|
Page 1 |
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Matthew Coughlan Consulting Ltd
for the Year Ended 28 February 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Matthew Coughlan Consulting Ltd for the year ended 28 February 2018 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.
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 at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Matthew Coughlan Consulting Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Matthew Coughlan Consulting Ltd and state those matters that we have agreed to state to the Board of Directors of Matthew Coughlan Consulting Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Matthew Coughlan Consulting Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Matthew Coughlan Consulting Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Matthew Coughlan Consulting Ltd. You consider that Matthew Coughlan Consulting Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Matthew Coughlan Consulting Ltd. 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 accounts.
......................................
Chelston
Torquay
Devon
TQ2 6HS
Page 2 |
Matthew Coughlan Consulting Ltd
Statement of Comprehensive Income for the Year Ended 28 February 2018
Note |
2018 |
2017 |
|
Loss for the year |
- |
( |
|
Total comprehensive income for the year |
- |
( |
Page 3 |
Matthew Coughlan Consulting Ltd
(Registration number: 08673471)
Balance Sheet as at 28 February 2018
Note |
2018 |
2017 |
|
Current assets |
|||
Debtors |
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net liabilities |
( |
( |
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Profit and loss account |
( |
( |
|
Total equity |
( |
( |
For the financial year ending 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Mr Matthew Launce Coughlan
Director
Page 4 |
Matthew Coughlan Consulting Ltd
Statement of Changes in Equity for the Year Ended 28 February 2018
Share capital |
Profit and loss account |
Total |
|
At 1 March 2017 |
|
( |
( |
At 28 February 2018 |
|
( |
( |
Share capital |
Profit and loss account |
Total |
|
At 1 March 2016 |
|
( |
( |
Loss for the year |
- |
( |
( |
Total comprehensive income |
- |
( |
( |
At 28 February 2017 |
|
( |
( |
Page 5 |
Matthew Coughlan Consulting Ltd
Notes to the Financial Statements for the Year Ended 28 February 2018
General information |
The company is a private company limited by share capital incorporated in England and Wales.
The address of its registered office is:
The principal place of business is:
Orchard House
Charlton Road
Singleton
West Sussex
PO18 0HP
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
25% Reducing balance |
Page 6 |
Matthew Coughlan Consulting Ltd
Notes to the Financial Statements for the Year Ended 28 February 2018
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Tangible assets |
Cost or valuation |
Depreciation |
Carrying amount |
At 28 February 2018 |
Debtors |
2018 |
2017 |
|
Other debtors |
|
|
Total current trade and other debtors |
|
|
Creditors |
Note |
2018 |
2017 |
|
Due within one year |
|||
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
|
|
Taxation and social security |
|
|
|
Other creditors |
|
|
|
|
|
Page 7 |