Registration number:
Higgs Mason Consultants Ltd
for the Year Ended 31 March 2017
Commercial House
2 Abbeymead Avenue
Gloucester
Gloucestershire
GL4 5UA
Higgs Mason Consultants Ltd
Contents
Company Information |
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Accountants' Report |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
Higgs Mason Consultants Ltd
Company Information
Directors |
Mr Simon Michael Higgs Dr Karen Mason |
Registered office |
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Accountants |
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Page 1 |
Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Higgs Mason Consultants Ltd
for the Year Ended 31 March 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Higgs Mason Consultants Ltd for the year ended 31 March 2017 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Higgs Mason Consultants 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 Higgs Mason Consultants Ltd and state those matters that we have agreed to state to the Board of Directors of Higgs Mason Consultants Ltd, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Higgs Mason Consultants Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Higgs Mason Consultants 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 profit of Higgs Mason Consultants Ltd. You consider that Higgs Mason Consultants 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 Higgs Mason Consultants 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.
......................................
2 Abbeymead Avenue
Gloucester
Gloucestershire
GL4 5UA
Page 2 |
Higgs Mason Consultants Ltd
(Registration number: 09469656)
Balance Sheet as at 31 March 2017
Note |
2017 |
2016 |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their 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
.........................................
Dr Karen Mason
Director
Page 3 |
Higgs Mason Consultants Ltd
Statement of Changes in Equity for the Year Ended 31 March 2017
Share capital |
Profit and loss account |
Total |
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At 1 April 2016 |
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Profit for the year |
- |
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Total comprehensive income |
- |
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At 31 March 2017 |
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Share capital |
Profit and loss account |
Total |
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At 1 April 2015 |
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- |
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Profit for the year |
- |
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Total comprehensive income |
- |
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Dividends |
- |
( |
( |
At 31 March 2016 |
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Page 4 |
Higgs Mason Consultants Ltd
Notes to the Financial Statements for the Year Ended 31 March 2017
General information |
The company is a private company limited by share capital incorporated in England and wales.
The address of its registered office is:
United Kingdom
The principal place of business is:
15 Kennsington Avenue
Cheltenham
Glos
GL50 2NQ
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.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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.
Page 5 |
Higgs Mason Consultants Ltd
Notes to the Financial Statements for the Year Ended 31 March 2017
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Creditors |
Note |
2017 |
2016 |
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Due within one year |
|||
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Other creditors |
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Dividends |
2017 |
2016 |
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£ |
£ |
Transition to FRS 102 |
Balance Sheet at 1 April 2015
Note |
As originally reported |
Reclassification |
Remeasurement |
As restated |
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Capital and reserves |
|||||
Total equity |
- |
- |
- |
- |
Page 6 |
Higgs Mason Consultants Ltd
Notes to the Financial Statements for the Year Ended 31 March 2017
Balance Sheet at 31 March 2016
Note |
As originally reported |
Reclassification |
Remeasurement |
As restated |
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Capital and reserves |
|||||
Total equity |
- |
- |
- |
- |
Page 7 |
Higgs Mason Consultants Ltd
Notes to the Financial Statements for the Year Ended 31 March 2017
Profit and Loss Account for the year ended 31 March 2016
Note |
As originally reported |
Reclassification |
Remeasurement |
As restated |
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Turnover |
- |
- |
- |
- |
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Operating profit/(loss) |
- |
- |
- |
- |
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Profit/(loss) before tax |
- |
- |
- |
- |
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Profit/(loss) for the financial year |
- |
- |
- |
- |
Page 8 |