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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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6 APRIL 2016 TO 30 APRIL 2017 |
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FOR |
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CONSULT ONE LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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6 APRIL 2016 TO 30 APRIL 2017 |
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FOR |
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CONSULT ONE LIMITED |
CONSULT ONE LIMITED (REGISTERED NUMBER: 03892384) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 6 April 2016 to 30 April 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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CONSULT ONE LIMITED |
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COMPANY INFORMATION |
for the Period 6 April 2016 to 30 April 2017 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
The Counting House |
Nelson Street |
Hull |
East Yorkshire |
HU1 1XE |
CONSULT ONE LIMITED (REGISTERED NUMBER: 03892384) |
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BALANCE SHEET |
30 April 2017 |
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30.4.17 | 5.4.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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The director acknowledges his 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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the director on
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CONSULT ONE LIMITED (REGISTERED NUMBER: 03892384) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Period 6 April 2016 to 30 April 2017 |
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1. | STATUTORY INFORMATION |
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Consult One Limited is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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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 Companies Act 2006. There were no material departures from that standard. The financial |
statements have been prepared under the historical cost convention. |
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The reporting period end date has been changed for commercial reasons creating a longer period. Therefore the |
comparative amounts presented in the financial statements, including related notes, are not entirely comparable. |
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This is the first year in which the financial statements have been prepared under FRS 102 Section 1A small |
entities. |
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Turnover |
Turnover represents amounts receivable, excluding VAT and trade discounts, by the company for services |
provided during the year. |
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Tangible fixed assets |
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is |
provided at the following annual rates calculated to write off the cost, less estimated residual value, of each asset |
over its expected useful life. |
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Plant and machinery etc - 33% on cost and 25% reducing balance |
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Residual value represents the estimated amount which would currently be obtained from disposal of an asset, |
after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at |
the end of its useful life. |
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Impairment of assets |
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At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets |
have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any |
affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the |
carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised |
immediately in profit or loss. |
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If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate |
of its recoverable amount, but not in excess of the amount that would have been determined had no impairment |
loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in |
profit or loss. |
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Financial instruments |
Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss. Derivative |
financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or |
loss. |
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CONSULT ONE LIMITED (REGISTERED NUMBER: 03892384) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 6 April 2016 to 30 April 2017 |
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2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, |
except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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 period end and that are expected to apply to the reversal of the |
timing difference. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 6 April 2016 |
and 30 April 2017 |
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DEPRECIATION |
At 6 April 2016 |
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Charge for period |
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At 30 April 2017 |
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NET BOOK VALUE |
At 30 April 2017 |
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At 5 April 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.17 | 5.4.16 |
£ | £ |
Other debtors |
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CONSULT ONE LIMITED (REGISTERED NUMBER: 03892384) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 6 April 2016 to 30 April 2017 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.17 | 5.4.16 |
£ | £ |
Taxation and social security |
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Other creditors |
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7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the period ended 30 April 2017 and the year |
ended 5 April 2016: |
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30.4.17 | 5.4.16 |
£ | £ |
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Balance outstanding at start of period | ( |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
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( |
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8. | RELATED PARTY DISCLOSURES |
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The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with wholly owned subsidiaries within the group. |
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9. | ULTIMATE CONTROLLING PARTY |
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The company's ultimate parent undertaking at the balance sheet date was Gelulo Limited, a company registered |
in England and Wales. |
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10. | FIRST YEAR ADOPTION |
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This is the first financial year that the company has presented its financial statements in accordance with FRS |
102 'The Financial Reporting Framework Applicable in the UK and Republic of Ireland' ('FRS 102'). For |
financial years up to and including the year ending 5 April 2016, the company prepared its financial statements |
in accordance with old UK GAAP. |
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The company's date of transition to FRS 102 is therefore 6 April 2015. This note sets out the changes to |
accounting policies and the transitional adjustments that are required to be made for first-time transition to FRS |
102. The company's opening equity position at 6 April 2015 and its previously published financial statements for |
the year ended 5 April 2016 have been restated from old UK GAAP. |
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In carrying out the transition to FRS 102, the company has not applied any of the optional exemptions as |
permitted by section 35 Transition to this FRS. |
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Transitional adjustments |
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There have been no transitional adjustments that would require consequential equity or profit and loss movement |
therefore the reconciliation of equity and reconciliation of profit have not been disclosed in the accounts. |
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