Registration number:
Neil Hudson Sales Consultancy Ltd
for the Year Ended 31 July 2020
Neil Hudson Sales Consultancy Ltd
Contents
Company Information |
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Accountants' Report |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
Neil Hudson Sales Consultancy Ltd
Company Information
Directors |
Mr Neil Hudson Mrs Kay Hudson |
Registered office |
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Accountants |
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Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Neil Hudson Sales Consultancy Ltd
for the Year Ended 31 July 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Neil Hudson Sales Consultancy Ltd for the year ended 31 July 2020 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 Neil Hudson Sales Consultancy Ltd, as a body, in accordance with the terms of our engagement letter dated 19 July 2016. Our work has been undertaken solely to prepare for your approval the accounts of Neil Hudson Sales Consultancy Ltd and state those matters that we have agreed to state to the Board of Directors of Neil Hudson Sales Consultancy 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 Neil Hudson Sales Consultancy Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Neil Hudson Sales Consultancy 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 Neil Hudson Sales Consultancy Ltd. You consider that Neil Hudson Sales Consultancy 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 Neil Hudson Sales Consultancy 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.
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Bumpers Way
Bristol Road
Chippenham
Wiltshire
SN14 6LH
Neil Hudson Sales Consultancy Ltd
Statement of Comprehensive Income for the Year Ended 31 July 2020
Note |
2020 |
2019 |
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Profit for the year |
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Total comprehensive income for the year |
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Neil Hudson Sales Consultancy Ltd
(Registration number: 10294961)
Balance Sheet as at 31 July 2020
Note |
2020 |
2019 |
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Fixed assets |
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Tangible assets |
- |
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Current assets |
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Debtors |
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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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( |
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Net current assets |
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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 July 2020 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
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Mr Neil Hudson
Director
Neil Hudson Sales Consultancy Ltd
Statement of Changes in Equity for the Year Ended 31 July 2020
Share capital |
Profit and loss account |
Total |
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At 1 August 2019 |
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Profit for the year |
- |
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Total comprehensive income |
- |
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Dividends |
- |
( |
( |
At 31 July 2020 |
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Share capital |
Profit and loss account |
Total |
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At 1 August 2018 |
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Profit for the year |
- |
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Total comprehensive income |
- |
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Dividends |
- |
( |
( |
At 31 July 2019 |
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Neil Hudson Sales Consultancy Ltd
Notes to the Financial Statements for the Year Ended 31 July 2020
General information |
The company is a private company limited by share capital incorporated in England and Wales.
The address of its registered office is:
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 |
Furniture ,fittings and equipment |
25% Straight Line |
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.
Neil Hudson Sales Consultancy Ltd
Notes to the Financial Statements for the Year Ended 31 July 2020
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
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.
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
Neil Hudson Sales Consultancy Ltd
Notes to the Financial Statements for the Year Ended 31 July 2020
Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 August 2019 |
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At 31 July 2020 |
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Depreciation |
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At 1 August 2019 |
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Charge for the year |
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At 31 July 2020 |
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Carrying amount |
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At 31 July 2020 |
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At 31 July 2019 |
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Debtors |
2020 |
2019 |
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Other debtors |
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Total current trade and other debtors |
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Creditors |
Note |
2020 |
2019 |
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Due within one year |
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Taxation and social security |
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Other creditors |
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Dividends |
Final dividends paid
2020 |
2019 |
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Final dividend of £
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