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2020-12-31
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No description of principal activities is disclosed
2020-01-01
Sage Accounts Production 2020 Update 1 - FRS102_2019
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xbrli:shares
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NI657635
2020-01-01
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2020-12-31
NI657635
3
2020-01-01
2020-12-31
Company registration number:
NI657635
The Customer Bureau Ltd
Unaudited filleted financial statements
31 December 2020
The Customer Bureau Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
The Customer Bureau Ltd
Directors and other information
|
|
|
|
Directors
|
Mr Niall Lavery
|
|
|
Mrs Una Lavery
|
|
|
Mr Alastair Grey
|
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|
|
|
|
|
Company number
|
NI657635
|
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|
|
|
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Registered office
|
94-96 High Street
|
|
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Holywood
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Co Down
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|
|
BT18 9HW
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|
|
|
|
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Accountants
|
Weir & Co
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|
|
27 High Street
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|
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Moneymore
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|
|
Magherafelt
|
|
|
BT45 7PA
|
|
|
|
The Customer Bureau Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of The Customer Bureau Ltd
Year ended 31 December 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Customer Bureau Ltd for the year ended 31 December 2020 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the board of directors of The Customer Bureau Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of The Customer Bureau Ltd and state those matters that we have agreed to state to the board of directors of The Customer Bureau Ltd as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Customer Bureau Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that The Customer Bureau Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Customer Bureau Ltd. You consider that The Customer Bureau Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of The Customer Bureau Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Weir & Co
Chartered Accountants
27 High Street
Moneymore
Magherafelt
BT45 7PA
3 November 2021
The Customer Bureau Ltd
Statement of financial position
31 December 2020
|
|
|
31/12/20
|
|
|
|
31/12/19
|
|
|
|
|
Note
|
£
|
|
£
|
|
£
|
|
£
|
|
|
|
|
|
|
|
|
|
|
Current assets
|
|
|
|
|
|
|
|
|
|
Debtors
|
|
5
|
151,070
|
|
|
|
71,651
|
|
|
Cash at bank and in hand
|
|
|
17,960
|
|
|
|
1,590
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
169,030
|
|
|
|
73,241
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
within one year
|
|
6
|
(
8,024)
|
|
|
|
(
7,252)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
Net current assets
|
|
|
|
|
161,006
|
|
|
|
65,989
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Total assets less current liabilities
|
|
|
|
|
161,006
|
|
|
|
65,989
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
after more than one year
|
|
7
|
|
|
-
|
|
|
|
(
5,883)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Net assets
|
|
|
|
|
161,006
|
|
|
|
60,106
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves
|
|
|
|
|
|
|
|
|
|
Called up share capital
|
|
|
|
|
125
|
|
|
|
125
|
Profit and loss account
|
|
|
|
|
160,881
|
|
|
|
59,981
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Shareholders funds
|
|
|
|
|
161,006
|
|
|
|
60,106
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
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|
|
|
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|
For the year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
03 November 2021
, and are signed on behalf of the board by:
Mr Niall Lavery
Director
Company registration number:
NI657635
The Customer Bureau Ltd
Notes to the financial statements
Year ended 31 December 2020
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 94-96 High Street, Holywood, Co Down, BT18 9HW.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4.
Staff costs
The average number of persons employed by the company during the year amounted to
2
(2019: Nil).
The aggregate payroll costs incurred during the year were:
|
|
|
Year
|
Period
|
|
|
|
ended
|
ended
|
|
|
|
31/12/20
|
31/12/19
|
|
|
|
£
|
£
|
|
Wages and salaries
|
|
15,993
|
-
|
|
Social security costs
|
|
1,432
|
-
|
|
Other pension costs
|
|
347
|
-
|
|
|
|
_______
|
_______
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|
|
|
17,772
|
-
|
|
|
|
_______
|
_______
|
|
|
|
|
|
5.
Debtors
|
|
|
31/12/20
|
31/12/19
|
|
|
|
£
|
£
|
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest
|
|
144,794
|
71,651
|
|
Other debtors
|
|
6,276
|
-
|
|
|
|
_______
|
_______
|
|
|
|
151,070
|
71,651
|
|
|
|
_______
|
_______
|
|
|
|
|
|
6.
Creditors: amounts falling due within one year
|
|
|
31/12/20
|
31/12/19
|
|
|
|
£
|
£
|
|
Trade creditors
|
|
559
|
-
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest
|
|
7,252
|
7,252
|
|
Social security and other taxes
|
|
213
|
-
|
|
|
|
_______
|
_______
|
|
|
|
8,024
|
7,252
|
|
|
|
_______
|
_______
|
|
|
|
|
|
7.
Creditors: amounts falling due after more than one year
|
|
|
31/12/20
|
31/12/19
|
|
|
|
£
|
£
|
|
Other creditors
|
|
-
|
5,883
|
|
|
|
_______
|
_______
|
|
|
|
|
|
8.
Directors advances, credits and guarantees
|
During the year the directors entered into the following advances and credits with the company:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended 31/12/20
|
|
|
|
|
|
|
|
|
|
Balance brought forward
|
Advances /(credits) to the directors
|
Balance o/standing
|
|
|
|
|
|
£
|
£
|
£
|
|
|
|
|
Mr Niall Lavery
|
(
5,883)
|
10,000
|
4,117
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
Period ended 31/12/19
|
|
|
|
|
|
|
|
|
|
Balance brought forward
|
Advances /(credits) to the directors
|
Balance o/standing
|
|
|
|
|
|
£
|
£
|
£
|
|
|
|
|
Mr Niall Lavery
|
-
|
(
5,883)
|
(
5,883)
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
At the end of the period,
Mr Niall Lavery
had an overdrawn directors current account of £4,117. It is anticipated that the balance owed by Mr Niall Lavery
will be cleared by dividend after the period end.
9.
Related party transactions
During the year the company entered into the following transactions with related parties:
|
|
Transaction value
|
|
Balance owed by/(owed to)
|
|
|
|
Year
|
Period
|
Year
|
Period
|
|
|
ended
|
ended
|
ended
|
ended
|
|
|
31/12/20
|
31/12/19
|
31/12/20
|
31/12/19
|
|
|
£
|
£
|
£
|
£
|
|
Dividends from subsidiaries
|
351,000
|
200,002
|
-
|
-
|
|
Other intergroup transactions
|
27,143
|
64,399
|
91,542
|
64,399
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
10.
Controlling party
The company was under the control of Niall Lavery, Una Lavery & Alastair Grey throughout the current period
.