Company Registration No. 07049716 (England and Wales)
H & JL CONSULTING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2015
H & JL CONSULTING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
H & JL CONSULTING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2015
31 October 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
95
840
Current assets
Debtors
17,684
20,544
Cash at bank and in hand
63,804
31,775
81,488
52,319
Creditors: amounts falling due within one year
(45,860)
(44,238)
Net current assets
35,628
8,081
Total assets less current liabilities
35,723
8,921
Provisions for liabilities
(19)
(168)
35,704
8,753
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
35,604
8,653
Shareholders' funds
35,704
8,753
For the financial year ended 31 October 2015 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 23 December 2015
Mr Howard Lucas
Mrs Julia Lucas
Director
Director
Company Registration No. 07049716
H & JL CONSULTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
- 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).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
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:
Fixtures, fittings & equipment
25% straight line
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2014 & at 31 October 2015
5,756
Depreciation
At 1 November 2014
4,915
Charge for the year
746
At 31 October 2015
5,661
Net book value
At 31 October 2015
95
At 31 October 2014
840
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 ordinary share of £1 each
100
100
H & JL CONSULTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2015
- 3 -
4
Related party relationships and transactions
Loans from directors
Transactions in relation to loans
from
directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
-
20,283
1,374
-
9,163
12,494
20,283
1,374
-
9,163
12,494