Cotswold Consulting Limited - Period Ending 2018-12-31

Cotswold Consulting Limited - Period Ending 2018-12-31


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Registration number: 10903922

Cotswold Consulting Limited

Annual Report and Unaudited Financial Statements

for the Period from 8 August 2017 to 31 December 2018

 

Cotswold Consulting Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

Cotswold Consulting Limited

Company Information

Director

S J Oakley

Registered office

Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

Accountants

CBSL Accountants Limited
Chartered Accountants
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

 

Cotswold Consulting Limited

(Registration number: 10903922)
Balance Sheet as at 31 December 2018

Note

2018
£

Fixed assets

 

Tangible assets

4

2,288

Current assets

 

Cash at bank and in hand

 

41,904

Creditors: Amounts falling due within one year

5

(37,401)

Net current assets

 

4,503

Net assets

 

6,791

Capital and reserves

 

Called up share capital

6

100

Profit and loss account

6,691

Total equity

 

6,791

For the financial period ending 31 December 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 members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her 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 director on 15 April 2019
 

S J Oakley
Director

 

Cotswold Consulting Limited

Notes to the Financial Statements for the Period from 8 August 2017 to 31 December 2018

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

The principal place of business is:
12 Randall's Field
Kingsmill Lane
Painswick
GL6 6SA

2

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Cotswold Consulting Limited

Notes to the Financial Statements for the Period from 8 August 2017 to 31 December 2018

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

Computer equipment

33% Straight line

Office furniture

25% Reducing balance

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2.

 

Cotswold Consulting Limited

Notes to the Financial Statements for the Period from 8 August 2017 to 31 December 2018

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

3,074

3,074

At 31 December 2018

3,074

3,074

Depreciation

Charge for the period

786

786

At 31 December 2018

786

786

Carrying amount

At 31 December 2018

2,288

2,288

5

Creditors

Creditors: amounts falling due within one year

2018
£

Due within one year

Trade creditors

81

Taxation and social security

10,032

Accruals and deferred income

1,400

Other creditors

25,888

37,401

 

Cotswold Consulting Limited

Notes to the Financial Statements for the Period from 8 August 2017 to 31 December 2018

6

Share capital

Allotted, called up and fully paid shares

 

2018

 

No.

£

Ordinary A of £1 each

80

80

Ordinary B of £1 each

20

20

 

100

100

7

Related party transactions

At 31 December 2018 a balance of £5,993 was due to the director by the company, which is included in Other creditors.

The company was controlled by the director during the year.