William Cooper Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02668502 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

WILLIAM COOPER LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W W G Cooper

I T Grimley

SECRETARY:

W W G Cooper

REGISTERED OFFICE:

Shaw Lane Business Park

Shaw Lane

Barnsley

South Yorkshire

S70 6EH

REGISTERED NUMBER:

02668502 (England and Wales)

ACCOUNTANTS:

Seaman Herbert & Co

36 - 40 Doncaster Road

Barnsley

South Yorkshire

S70 1TL

FIXED ASSETS

Tangible assets

4

36,494

51,574

CURRENT ASSETS

Stocks

5

8,590

5,719

Debtors

6

362,265

477,959

Cash at bank and in hand

580,156

476,117

951,011

959,795

CREDITORS

Amounts falling due within one year

7

810,471

788,692

NET CURRENT ASSETS

140,540

171,103

TOTAL ASSETS LESS CURRENT LIABILITIES

177,034

222,677

CREDITORS

Amounts falling due after more than one year

8

(6,698

)

(21,610

)

PROVISIONS FOR LIABILITIES

10

(6,934

)

(10,315

)

NET ASSETS

163,402

190,752

CAPITAL AND RESERVES

Called up share capital

339

339

Capital redemption reserve

661

661

Retained earnings

162,402

189,752

SHAREHOLDERS' FUNDS

163,402

190,752

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 18 September 2018 and were signed on its behalf by:

W W G Cooper - Director

I T Grimley - Director

1.	STATUTORY INFORMATION

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

Turnover

Turnover 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, fittings & equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & loss account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 17 (2016 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Motor

Computer

& equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2017

and 31 December 2017

7,753

116,227

20,727

144,707

DEPRECIATION

At 1 January 2017

7,043

66,553

19,537

93,133

Charge for year

178

14,234

668

15,080

At 31 December 2017

7,221

80,787

20,205

108,213

NET BOOK VALUE

At 31 December 2017

532

35,440

522

36,494

At 31 December 2016

710

49,674

1,190

51,574

5.

STOCKS

2017

2016

£

£

Stocks

1,000

1,000

Work-in-progress

7,590

4,719

8,590

5,719

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

337,702

402,239

Other debtors

-

1,650

Loan to holding Company

-

50,000

Prepayments

24,563

24,070

362,265

477,959

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

14,515

14,119

Trade creditors

186,025

191,082

Tax

98,763

33,639

Social security and other taxes

19,690

19,612

VAT

49,835

116,064

Other creditors

143,393

1,850

Accruals and deferred income

-

51,205

Accrued expenses

298,250

361,121

810,471

788,692

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

6,698

21,610

9.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Hire purchase contracts

21,213

35,729

10.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

6,934

10,315

Deferred

tax

£

Balance at 1 January 2017

10,315

Provided during year

(3,381

)

Balance at 31 December 2017

6,934

11.	CONTINGENT LIABILITIES

The company is negotiating with HM Revenue and Customs regarding potential settlement of historical

EBT/EFRBS tax avoidance schemes for which defence litigation has ceased.

To date, no settlement figure has been agreed and it is impracticable to currently quantify the figure.

It is expected that once a settlement has been agreed that HM Revenue and Customs will accept a manageable

time to pay agreement.

12.	PARENT UNDERTAKING