Company Registration No. 06452401 (England and Wales)
EMERALD TRAINING & CONSULTANCY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
EMERALD TRAINING & CONSULTANCY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
EMERALD TRAINING & CONSULTANCY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
813
1,306
Current assets
Debtors
4,779
6,244
Cash at bank and in hand
43,174
24,323
47,953
30,567
Creditors: amounts falling due within one year
(41,471)
(16,228)
Net current assets
6,482
14,339
Total assets less current liabilities
7,295
15,645
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
7,293
15,643
Shareholders' funds
7,295
15,645
For the financial year ended 31 December 2014 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 September 2015
D O'Connor
Director
Company Registration No. 06452401
EMERALD TRAINING & CONSULTANCY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
These financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption is dependent upon the continued support from the company's sole director and shareholder.
The director has indicated that continued funding will be provided to support the company for the foreseeable future and to enable it to meet its day-to-day commitments from cash flows. As a consequence, the director believes that the company is well placed to manage its business risks successfully despite the current uncertain economic outlook. As such, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, she continues to adopt the going concern basis in preparing the annual report and accounts.
If the company were unable to trade, adjustments would have to be made to reduce the value of the
assets to their recoverable amounts, to provide for further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% Reducing Balance
Fixtures, fittings & equipment
25% Reducing Balance
EMERALD TRAINING & CONSULTANCY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2014
7,154
Disposals
(2,176)
At 31 December 2014
4,978
Depreciation
At 1 January 2014
5,848
On disposals
(1,954)
Charge for the year
271
At 31 December 2014
4,165
Net book value
At 31 December 2014
813
At 31 December 2013
1,306
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
2 Ordinary Shares of £1 each
2
2