Henry Cooper Consultants Limited - Period Ending 2017-05-31

Registration number: 03191223

Henry Cooper Consultants Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2017

Henry Cooper Consultants Limited

Contents

 

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 8

Henry Cooper Consultants Limited

Registration number: 03191223

Balance Sheet as at 31 May 2017

	Note	2017 £	2016 £
Fixed assets
Intangible assets	4	42,000	46,667
Tangible assets	5	15,057	19,007
		57,057	65,674
Current assets
Debtors	6	78,673	76,608
Cash at bank and in hand		530,686	492,955
		609,359	569,563
Creditors: Amounts falling due within one year	7	(89,750)	(98,894)
Net current assets		519,609	470,669
Total assets less current liabilities		576,666	536,343
Provisions for liabilities		(2,741)	(3,472)
Net assets		573,925	532,871
Capital and reserves
Called up share capital		100	100
Profit and loss account		573,825	532,771
Total equity		573,925	532,871

The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

The notes on pages 3 to 8 form an integral part of these financial statements.

Page 1

Henry Cooper Consultants Limited

Registration number: 03191223

Balance Sheet as at 31 May 2017 (continued)

For the financial year ending 31 May 2017 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 year in question in accordance with section 476; and
•	The director acknowledges his 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 29 November 2017
 

JL Riches

Director

The notes on pages 3 to 8 form an integral part of these financial statements.

Page 2

Henry Cooper Consultants Limited

Notes to the Financial Statements for the Year Ended 31 May 2017

1	General information

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

The address of its registered office is:
Wymondham Business Centre
1 Town Green
Wymondham
Norfolk
NR18 0PN
England

The principal place of business is:
Cardiff House
51 Thorpe Road
Norwich
Norfolk
NR1 1UG

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Page 3

Henry Cooper Consultants Limited

Notes to the Financial Statements for the Year Ended 31 May 2017 (continued)

2	Accounting policies (continued)

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.

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
Plant and machinery	33.3% reducing balance
Office equipment	15% reducing balance

Goodwill

Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet
and amortised on a straight line basis over its useful life. Under FRS 102 the period for writing off
goodwill with no definitive useful life is 10 years and this will be applied from 1 April 2016. This is a
change from the 20 years previously used under FRS10. No retrospective adjustment has been made
in respect of this change to accounting estimate. Provision is made for any impairment.

Page 4

Henry Cooper Consultants Limited

Notes to the Financial Statements for the Year Ended 31 May 2017 (continued)

2	Accounting policies (continued)

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 year, was 6 (2016 - 6).

Page 5

Henry Cooper Consultants Limited

Notes to the Financial Statements for the Year Ended 31 May 2017 (continued)

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 June 2016	200,000	200,000
At 31 May 2017	200,000	200,000
Amortisation
At 1 June 2016	153,333	153,333
Amortisation charge	4,667	4,667
At 31 May 2017	158,000	158,000
Carrying amount
At 31 May 2017	42,000	42,000
At 31 May 2016	46,667	46,667

Page 6

Henry Cooper Consultants Limited

Notes to the Financial Statements for the Year Ended 31 May 2017 (continued)

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 June 2016	112,234	112,234
Additions	2,164	2,164
At 31 May 2017	114,398	114,398
Depreciation
At 1 June 2016	93,227	93,227
Charge for the year	6,114	6,114
At 31 May 2017	99,341	99,341
Carrying amount
At 31 May 2017	15,057	15,057
At 31 May 2016	19,007	19,007

6

Debtors

	2017 £	2016 £
Trade debtors	75,028	74,015
Other debtors	3,645	2,593
Total current trade and other debtors	78,673	76,608

Page 7

Henry Cooper Consultants Limited

Notes to the Financial Statements for the Year Ended 31 May 2017 (continued)

7

Creditors

Creditors: amounts falling due within one year

	Note	2017 £	2016 £
Due within one year
Trade creditors		2,899	5,742
Director's loan account		1,985	2,037
Taxation and social security		71,697	78,106
Other creditors		13,169	13,009
		89,750	98,894

8	Share capital

Allotted, called up and fully paid shares

	2017		2016
	No.	£	No.	£
Ordinary A of £1 each	99	99	99	99
Ordinary B of £1 each	1	1	1	1
	100	100	100	100

Page 8