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REGISTERED NUMBER: 07123292 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2018

for

Wilkinson Cowan Partnership Ltd

Wilkinson Cowan Partnership Ltd (Registered number: 07123292)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Wilkinson Cowan Partnership Ltd

Company Information
for the Year Ended 31 March 2018







DIRECTORS: Mr M R Davies
Mr. D M A Humphreys
Mr. S P Ross
Mr. J K Ross
Mr M P Jensen





SECRETARY: Mr M R Davies





REGISTERED OFFICE: Stanley House
15 Ladybridge Road
Cheadle Hulme
Cheadle
Cheshire
SK8 5BL





REGISTERED NUMBER: 07123292 (England and Wales)





ACCOUNTANTS: Robert Hayden & Co
195 Bramhall Lane
Stockport
Cheshire
SK2 6JA

Wilkinson Cowan Partnership Ltd (Registered number: 07123292)

Statement of Financial Position
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 459,000 497,250
Tangible assets 4 15,966 18,475
474,966 515,725

CURRENT ASSETS
Debtors 5 1,405,650 959,873
Cash at bank and in hand 347,706 447,389
1,753,356 1,407,262
CREDITORS
Amounts falling due within one year 6 458,960 409,169
NET CURRENT ASSETS 1,294,396 998,093
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,769,362

1,513,818

PROVISIONS FOR LIABILITIES 7 2,682 3,144
NET ASSETS 1,766,680 1,510,674

CAPITAL AND RESERVES
Called up share capital 902 903
Capital redemption reserve 7 6
Retained earnings 1,765,771 1,509,765
1,766,680 1,510,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

Wilkinson Cowan Partnership Ltd (Registered number: 07123292)

Statement of Financial Position - continued
31 March 2018


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 12 November 2018 and were
signed on its behalf by:





Mr M R Davies - Director


Wilkinson Cowan Partnership Ltd (Registered number: 07123292)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are
measured at cost less any accumulated amortisation and any accumulated impairment
losses.

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 and office equipment - 20% - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
Statement, 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.

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.

Wilkinson Cowan Partnership Ltd (Registered number: 07123292)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

1. ACCOUNTING POLICIES - continued

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2017 - 26 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 765,000
AMORTISATION
At 1 April 2017 267,750
Charge for year 38,250
At 31 March 2018 306,000
NET BOOK VALUE
At 31 March 2018 459,000
At 31 March 2017 497,250

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017 48,177
Additions 7,107
Disposals (2,894 )
At 31 March 2018 52,390
DEPRECIATION
At 1 April 2017 29,702
Charge for year 9,616
Eliminated on disposal (2,894 )
At 31 March 2018 36,424
NET BOOK VALUE
At 31 March 2018 15,966
At 31 March 2017 18,475

Wilkinson Cowan Partnership Ltd (Registered number: 07123292)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 1,236,462 708,829
Other debtors 169,188 251,044
1,405,650 959,873

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Bank loans and overdrafts - 5,590
Payments on account 3,000 3,000
Trade creditors 1,284 9,069
Taxation and social security 401,117 342,030
Other creditors 53,559 49,480
458,960 409,169

7. PROVISIONS FOR LIABILITIES
31.3.18 31.3.17
£    £   
Deferred tax
Accelerated capital allowances 2,682 3,144

Deferred
tax
£   
Balance at 1 April 2017 3,144
Credit to Income Statement during year (462 )
Balance at 31 March 2018 2,682