Cornus Consultancy Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05469341 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

CORNUS CONSULTANCY LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A Porter

SECRETARY:

R Porter

REGISTERED OFFICE:

4th Floor

St James House

St James Square

Cheltenham

GL50 3PR

REGISTERED NUMBER:

05469341 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

4th Floor

St James House

St James Square

Cheltenham

Gloucestershire

GL50 3PR

FIXED ASSETS

Property, plant and equipment

4

5,360

5,607

CURRENT ASSETS

Debtors

5

30,247

41,045

Cash at bank and in hand

385,430

367,843

415,677

408,888

CREDITORS

Amounts falling due within one year

6

(53,635

)

(78,047

)

NET CURRENT ASSETS

362,042

330,841

TOTAL ASSETS LESS CURRENT LIABILITIES

367,402

336,448

PROVISIONS FOR LIABILITIES

(1,340

)

(1,065

)

NET ASSETS

366,062

335,383

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

366,058

335,379

366,062

335,383

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 September 2022 and were signed by:

A Porter - Director

1.	STATUTORY INFORMATION

Cornus Consultancy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance and 25% on cost

Computer equipment

-

33.3% straight line

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2021

15,041

15,980

31,021

Additions

1,585

167

1,752

At 31 December 2021

16,626

16,147

32,773

DEPRECIATION

At 1 January 2021

9,712

15,702

25,414

Charge for year

1,805

194

1,999

At 31 December 2021

11,517

15,896

27,413

NET BOOK VALUE

At 31 December 2021

5,109

251

5,360

At 31 December 2020

5,329

278

5,607

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

29,899

15,594

Other debtors

348

25,451

30,247

41,045

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Taxation and social security

27,116

44,134

Other creditors

26,519

33,913

53,635

78,047

7.	RELATED PARTY DISCLOSURES

8.	CONTROLLING PARTY

The company is controlled by A Porter by virtue of his shareholding.