Caseware UK (AP4) 2016.0.181 2016.0.181 2018-05-312018-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetruefalse2017-06-01 05403458 2017-06-01 2018-05-31 05403458 2016-06-01 2017-05-31 05403458 2018-05-31 05403458 2017-05-31 05403458 2016-06-01 05403458 c:Director2 2017-06-01 2018-05-31 05403458 c:Director3 2017-06-01 2018-05-31 05403458 d:MotorVehicles 2017-06-01 2018-05-31 05403458 d:FurnitureFittings 2017-06-01 2018-05-31 05403458 d:OtherPropertyPlantEquipment 2017-06-01 2018-05-31 05403458 d:OtherPropertyPlantEquipment 2018-05-31 05403458 d:OtherPropertyPlantEquipment 2017-05-31 05403458 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2017-06-01 2018-05-31 05403458 d:Goodwill 2018-05-31 05403458 d:Goodwill 2017-05-31 05403458 d:Non-currentFinancialInstruments d:ListedExchangeTraded 2018-05-31 05403458 d:Non-currentFinancialInstruments d:ListedExchangeTraded 2017-05-31 05403458 d:CurrentFinancialInstruments 2018-05-31 05403458 d:CurrentFinancialInstruments 2017-05-31 05403458 d:CurrentFinancialInstruments d:WithinOneYear 2018-05-31 05403458 d:CurrentFinancialInstruments d:WithinOneYear 2017-05-31 05403458 d:ShareCapital 2018-05-31 05403458 d:ShareCapital 2017-05-31 05403458 d:RetainedEarningsAccumulatedLosses 2018-05-31 05403458 d:RetainedEarningsAccumulatedLosses 2017-05-31 05403458 d:AcceleratedTaxDepreciationDeferredTax 2018-05-31 05403458 d:AcceleratedTaxDepreciationDeferredTax 2017-05-31 05403458 d:OtherDeferredTax 2018-05-31 05403458 d:OtherDeferredTax 2017-05-31 05403458 c:FRS102 2017-06-01 2018-05-31 05403458 c:AuditExempt-NoAccountantsReport 2017-06-01 2018-05-31 05403458 c:FullAccounts 2017-06-01 2018-05-31 05403458 c:PrivateLimitedCompanyLtd 2017-06-01 2018-05-31 iso4217:GBP xbrli:pure
Registered number: 05403458









W E COLLIER & SONS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2018

 
W E COLLIER & SONS LIMITED
REGISTERED NUMBER: 05403458

BALANCE SHEET
AS AT 31 MAY 2018

2018
2017
Note
£
£

Fixed assets
  

Tangible assets
 5 
27,364
36,234

Investments
 6 
277,727
277,703

  
305,091
313,937

Current assets
  

Debtors: amounts falling due within one year
 7 
56,525
48,326

Cash at bank
 8 
124,517
282,245

  
181,042
330,571

Creditors: amounts falling due within one year
 9 
(26,255)
(53,138)

Net current assets
  
 
 
154,787
 
 
277,433

Total assets less current liabilities
  
459,878
591,370

Provisions for liabilities
  

Deferred tax
 10 
(10,740)
(12,788)

Net assets
  
 
 
449,138
 
 
578,582


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
449,038
578,482

  
449,138
578,582


Page 1

 
W E COLLIER & SONS LIMITED
REGISTERED NUMBER: 05403458

BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2018

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 by: 






Mr D Collier
Mr M Collier
Director
Director


Date: 1 November 2018
Date:1 November 2018

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
W E COLLIER & SONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018

1.


General information

W E Collier & Sons Limited is a private Company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is 12 Soham Road, Fordham, Ely, Cambridgeshire, CB7 5LD. This Company is not part of a group.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
W E COLLIER & SONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018

2.Accounting policies (continued)

 
2.4

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures & fittings
-
15%
reducing balance

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.

 
2.5

Valuation of investments

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.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

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.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

Page 4

 
W E COLLIER & SONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018

2.Accounting policies (continued)

 
2.9

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of income and retained earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Page 5

 
W E COLLIER & SONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018

2.Accounting policies (continued)

 
2.13

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2017 - 4).


4.


Intangible assets




Goodwill

£



Cost


At 1 June 2017
100,000



At 31 May 2018

100,000



Amortisation


At 1 June 2017
100,000



At 31 May 2018

100,000



Net book value



At 31 May 2018
-



At 31 May 2017
-

Page 6

 
W E COLLIER & SONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018

5.


Tangible fixed assets





Other fixed assets

£



Cost


At 1 June 2017
214,920


Disposals
(216)



At 31 May 2018

214,704



Depreciation


At 1 June 2017
178,686


Charge for the year on owned assets
8,773


Disposals
(119)



At 31 May 2018

187,340



Net book value



At 31 May 2018
27,364



At 31 May 2017
36,234


6.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 June 2017
277,703


Revaluations
24



At 31 May 2018

277,727






Net book value



At 31 May 2018
277,727



At 31 May 2017
277,703

Page 7

 
W E COLLIER & SONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018

7.


Debtors

2018
2017
£
£


Trade debtors
49,036
40,967

Prepayments and accrued income
7,489
7,359

56,525
48,326



8.


Cash and cash equivalents

2018
2017
£
£

Cash at bank
124,517
282,245



9.


Creditors: Amounts falling due within one year

2018
2017
£
£

Trade creditors
3,261
3,027

Other taxation and social security
13,650
42,157

Other creditors
5,694
4,654

Accruals and deferred income
3,650
3,300

26,255
53,138



10.


Deferred taxation




2018
2017


£

£






At beginning of year
(12,788)
(9,237)


Charged to profit or loss
2,048
(3,551)



At end of year
(10,740)
(12,788)

Page 8

 
W E COLLIER & SONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018
 
10.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2018
2017
£
£


Accelerated capital allowances
(5,199)
(7,247)

Revaluation of fixed asset investment
(5,541)
(5,541)

(10,740)
(12,788)


11.


Share capital

2018
2017
£
£
Allotted, called up and fully paid



50 (2017 - 50) Ordinary "A" shares of £1.00 each
50
50
50 (2017 - 50) Ordinary "B" shares of £1.00 each
50
50

100

100



12.


Related party transactions

During the year the Company operated loans with the directors of the Company. The amount payable to the directors of the Company at the year end was £5,694 (2017 - £4,654). These loans are interest free and repayable on demand.


Page 9