Cooper Weston Payroll Services Ltd
|
Registered Number
:
11034582
|
For the year ended 31 October 2021
England and Wales
Unaudited Financial Statements
For the year ended 31 October 2021
Cooper Weston Payroll Services Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Cooper Weston Payroll Services Ltd
Statement of Financial Position
2020
2021
Property
,
plant and equipment
|
484
489
2
484
489
Trade and other receivables
|
14,194
22,506
3
69,693
Cash and cash equivalents
|
47,641
70,147
83,887
Trade and other payables
:
amounts falling due within one
|
year
|
(37,043)
(33,231)
4
46,844
36,916
Net current assets
Total assets less current liabilities
|
37,400
47,333
Trade and other payables
:
amounts falling due after more
|
than one year
|
(26,000)
(20,792)
5
(93)
(93)
Provisions for liabilities
|
16,515
Net assets
21,240
100
100
16,415
21,140
16,515
21,240
Shareholders' funds
For the year ended 31 October 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
Mrs Karen Cooper Director
|
These financial statements were approved and authorised for issue by the Board on 04 February 2022 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 October 2021
Cooper Weston Payroll Services Ltd
Notes to the Financial Statements
Statutory Information
Cooper Weston Payroll Services Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
11034582
.
|
7 The Forge
Southwater
Horsham
West Sussex
RH13 9HB
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard
|
102
''
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'',
including the disclosure and
|
presentation requirements of Section
1
A
,
and the Companies Act
2006
.
These financial statements have been
|
prepared under the historical cost convention
.
|
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
|
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer Equipment
Furniture and Fittings
Government grants
Government grants received towards revenue expenditure are credted to the profit and loss account as the related expenditure is incurred.
|
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.
|
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company contributes to a defined contribution pension scheme for the benefit of its directors and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
|
Going concern
The directors consider that the company has been affected by COVID
19
and they have applied for the government
|
support available
.
The directors are satisfied that the company is in a position to meet its liabilities as they fall due
|
for the foreseeable future
.
The financial statements are therefore prepared on a going concern basis
.
|
2 of 4
For the year ended 31 October 2021
Cooper Weston Payroll Services Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
4,154
3,121
1,033
507
299
208
1,241
3,420
4,661
Provision for depreciation and impairment
|
3,665
3,121
544
Charge for year
512
150
362
4,177
3,271
906
335
149
484
489
-
489
3
.
Trade and other receivables
|
2020
2021
19,213
12,390
3,293
1,804
14,194
22,506
4
.
Trade and other payables
:
amounts falling due within one year
|
2020
2021
5,073
-
1,787
-
Taxation and social security
|
14,960
25,777
11,411
11,266
33,231
37,043
The bank loan is a Coronavirus Bounce Back Loan granted under the support measures provided to businesses during the pandemic. Interest is payable at 2.5% per annum. The loan is repayable within 6 years and the first year's charges were met by the UK government.
|
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2020
2021
20,792
26,000
3 of 4
For the year ended 31 October 2021
Cooper Weston Payroll Services Ltd
Notes to the Financial Statements Continued
6
.
Guarantees and other financial commitments
|
At
31
October
2021
the company had total commitments under operating leases expiring in less than one year of
|
£
1
,
400
(
2020
-
£
1
,
400
).
|
7
.
Average number of persons employed
|
During the year the average number of employees was 5 (2020 : 5).
4 of 4