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Financial Statements for the Year Ended 31 December 2018 |
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Consumer Dispute Resolution Limited |
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REGISTERED NUMBER:
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Financial Statements for the Year Ended 31 December 2018 |
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for |
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Consumer Dispute Resolution Limited |
Consumer Dispute Resolution Limited (Registered number: 09189773) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Consumer Dispute Resolution Limited |
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Company Information |
for the Year Ended 31 December 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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2 Pavilion Court |
600 Pavilion Drive |
Northampton |
NN4 7SL |
Consumer Dispute Resolution Limited (Registered number: 09189773) |
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Balance Sheet |
31 December 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS/(LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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( |
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CREDITORS |
Amounts falling due after more than
one year |
7 |
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NET ASSETS/(LIABILITIES) |
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( |
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RESERVES |
Income and expenditure account |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
on its behalf by: |
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Consumer Dispute Resolution Limited (Registered number: 09189773) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2018 |
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1. | STATUTORY INFORMATION |
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Consumer Dispute Resolution Limited is a
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England and Wales. The company's registered number and registered office address can be found on |
the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard |
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose |
related party transactions with wholly owned subsidiaries within the group. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the |
period of the lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to profit or loss in the period to which they relate. |
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Tax provision |
The company is not for profit and has no liability for corporation tax. Consequently no provision for |
current or deferred tax is made. |
Consumer Dispute Resolution Limited (Registered number: 09189773) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Reserves |
The directors aim to maintain reserves at a level which equates to approximately three months of |
expenditure. The directors consider that this level will provide sufficient funds to respond to |
applications for payments and ensure that direct costs and overheads are covered. The directors |
consider that a level of three months is sufficient to complete any work required to clear disputes in |
progress if funding should cease. |
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The balance held as unrestricted funds at 31 December was £214,602, of which £206,359 are |
regarded as free reserves, after allowing for funds tied up in tangible fixed assets. Actual six-month |
cash payments forecast for 2019 are £497,462. The current level of reserves is therefore less than is |
needed and this will be increased by retaining funds from future activities. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
Additions |
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At 31 December 2018 |
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DEPRECIATION |
Charge for year |
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At 31 December 2018 |
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NET BOOK VALUE |
At 31 December 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Other debtors |
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Consumer Dispute Resolution Limited (Registered number: 09189773) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2018 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Other creditors |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2018 | 2017 |
£ | £ |
Other creditors |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2018 | 2017 |
£ | £ |
Invoice Discounting Factor | 67,137 | - |
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The company has a liability due to an invoice discounting factor company of £67,137. This is |
presented in the accounts as linked presentation and is within the Trade Debtors amount shown on |
the Balance Sheet. |
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9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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