Company Registration No. 05215210 (England and Wales)
LESLEY ANN CONSULTANCY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017
PAGES FOR FILING WITH REGISTRAR
LESLEY ANN CONSULTANCY LIMITED
COMPANY INFORMATION
Director
Miss L Ward
Secretary
Miss L Ward
Company number
05215210
Registered office
Wrens Hill House
Rushett Lane
Norton
Nr Faversham
Kent
ME13 0SH
Accountants
Perrys Accountants Limited
Chartered Accountants
34 Threadneedle Street
London
EC2R 8AY
LESLEY ANN CONSULTANCY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 6
LESLEY ANN CONSULTANCY LIMITED (REGISTERED NUMBER: 05215210)
BALANCE SHEET
AS AT
30 SEPTEMBER 2017
30 September 2017
- 1 -
2017
2016
Notes
£
£
£
£
Fixed assets
Investments
3
191,160
191,160
Current assets
Debtors
4
33,179
33,179
Cash at bank and in hand
19,181
16,565
52,360
49,744
Creditors: amounts falling due within one year
5
(84,041)
(81,077)
Net current liabilities
(31,681)
(31,333)
Total assets less current liabilities
159,479
159,827
Capital and reserves
Called up share capital
6
201
201
Capital redemption reserve
101
101
Profit and loss reserves
159,177
159,525
Total equity
159,479
159,827
The director of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 September 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
LESLEY ANN CONSULTANCY LIMITED (REGISTERED NUMBER: 05215210)
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2017
30 September 2017
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 15 January 2018
Miss L Ward
Director
LESLEY ANN CONSULTANCY LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2017
- 3 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 October 2015
201
101
160,662
160,964
Year ended 30 September 2016:
Profit and total comprehensive income for the year
-
-
48,234
48,234
Dividends
-
-
(49,371)
(49,371)
Balance at 30 September 2016
201
101
159,525
159,827
Year ended 30 September 2017:
Profit and total comprehensive income for the year
-
-
49,023
49,023
Dividends
-
-
(49,371)
(49,371)
Balance at 30 September 2017
201
101
159,177
159,479
LESLEY ANN CONSULTANCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017
- 4 -
1
Accounting policies
Company information
Lesley Ann Consultancy Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Wrens Hill House, Rushett Lane, Norton, Nr Faversham, Kent, ME13 0SH.
1.1
Accounting convention
These financial statements for the year ended 30 September 2017
are the
first
financial statements of Lesley Ann Consultancy Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 October 2015. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £
1
.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
These financial statements for the year ended 30 September 2017
are the
first
financial statements of Lesley Ann Consultancy Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 October 2015. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Cash at bank and in hand
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset
, with
the net amounts presented in the financial statements
,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
LESLEY ANN CONSULTANCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2017
1
Accounting policies
(Continued)
- 5 -
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are not amortised.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 1 (2016 - 1).
3
Fixed asset investments
2017
2016
£
£
Investments
191,160
191,160
4
Debtors
2017
2016
Amounts falling due within one year:
£
£
Amounts due from group undertakings
33,179
33,179
LESLEY ANN CONSULTANCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2017
- 6 -
5
Creditors: amounts falling due within one year
2017
2016
£
£
Amounts due to group undertakings
59,239
57,040
Corporation tax
11,874
12,061
Other taxation and social security
415
-
Other creditors
12,513
11,976
84,041
81,077
6
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
200 Ordinary of £1 each
200
200
1 Ordinary B of £1 each
1
1
201
201
7
Related party transactions
During the year the company sold services totalling £30,000 to Next Step Fostering Services Limited, a connected company.
During the year the company sold services totalling £15,000 to Safehouses Consultancy Limited, a connected company.
During the year the company sold services totalling £30,000 to Ryancare Fostering Limited, a connected company.
At the year end the company was owed £33,179 by Ryancare Fostering Limited, a connected company.
During the year the company owed £59,089 to Next Step Fostering Services Limited, a connected company.
At the year end the company owed £149 to Safehouses Consultancy Limited, a connected company.
8
Directors' transactions
Included in other creditors is a directors' loan account balance of £7,349.
Dividends totalling £49,371 (2016 - £49,371) were paid in the year in respect of shares held by the company's director.