ACCOUNTS - Final Accounts

Commitments under operating leases

At 30 June 2019 the Company had future minimum lease payments under non-cancellable operating leases as follows:

CIVIL AND COMMERCIAL COSTS LAWYERS LIMITED - Company Information

Company registration number: 06658151

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 JUNE 2019

	CIVIL AND COMMERCIAL COSTS LAWYERS LIMITED


CIVIL AND COMMERCIAL COSTS LAWYERS LIMITED REGISTERED NUMBER:06658151

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2019

		2019		2018
Note		£		£

Fixed assets
Tangible assets	4		12,852		15,103
Investments	5		2,000		2,000
			14,852		17,103
Current assets
Debtors: amounts falling due within one year	6	1,169,397		938,178
Cash at bank and in hand		36,985		75,824
		1,206,382		1,014,002
Creditors: amounts falling due within one year	7	(664,736)		(499,408)
Net current assets			541,646		514,594
Total assets less current liabilities			556,498		531,697

Net assets			556,498		531,697

Capital and reserves
Called up share capital	200	200
Profit and loss account	556,298	531,497
	556,498	531,697

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 September 2020.

A M Thomas

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CIVIL AND COMMERCIAL COSTS LAWYERS LIMITED REGISTERED NUMBER:06658151

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 JUNE 2019

Director

The notes on pages 3 to 6 form part of these financial statements.

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CIVIL AND COMMERCIAL COSTS LAWYERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

1.	General information

These financial statements have been prepared in compliance with FRS102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
Civil and Commercial Costs Lawyers Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is Cotton House, 12-18 Queen Street, Manchester, M2 5HS.
The company's functional and presentational currency is GBP.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery etc

33% on cost and 20% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Statement of financial position date. Gains and losses on remeasurement are recognised in profit or loss for the period.

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CIVIL AND COMMERCIAL COSTS LAWYERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

2.Accounting policies (continued)

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.7

Borrowing costs

All borrowing costs are recognised in the Statement of income and retained earnings in the year in which they are incurred.

Employees

The average monthly number of employees, including directors, during the year was 30 (2018 - 39).

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CIVIL AND COMMERCIAL COSTS LAWYERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

4.	Tangible fixed assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 July 2018	15,053	37,633	52,686
Additions	1,957	5,267	7,224
At 30 June 2019	17,010	42,900	59,910
Depreciation
At 1 July 2018	8,667	28,916	37,583
Charge for the year on owned assets	3,402	6,073	9,475
At 30 June 2019	12,069	34,989	47,058
Net book value
At 30 June 2019	4,941	7,911	12,852
At 30 June 2018	6,386	8,717	15,103

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	At 1 July 2018	2,000
	At 30 June 2019	2,000

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CIVIL AND COMMERCIAL COSTS LAWYERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

Debtors

					2019	2018
					£	£


Trade debtors	998,798	856,353
Other debtors	152,676	20,101
Prepayments and accrued income	17,923	59,708
Tax recoverable	-	2,016
	1,169,397	938,178

7.	Creditors: Amounts falling due within one year
		2019	2018
		£	£

Bank overdrafts	-	876
Trade creditors	148,281	123,639
Corporation tax	19,973	10,989
Other taxation and social security	249,535	274,331
Other creditors	214,631	2,400
Accruals and deferred income	32,316	87,173
	664,736	499,408

Not later than 1 year	67,500	306,268
Later than 1 year and not later than 5 years	129,375	1,103,761
	196,875	1,410,029

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