Company Registration No. 07140456 (England and Wales)
MENTAL HEALTH CONSULTANCY UK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2017
PAGES FOR FILING WITH REGISTRAR
MENTAL HEALTH CONSULTANCY UK LIMITED
COMPANY INFORMATION
Directors
M. Karnes
M. Wiles
Secretary
M. Karnes
Company number
07140456
Registered office
Higgison House
381-383 City Road
London
EC1V 1NW
Accountants
Higgisons
Higgison House
381-383 City Road
London
EC1V 1NW
MENTAL HEALTH CONSULTANCY UK LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
MENTAL HEALTH CONSULTANCY UK LIMITED
BALANCE SHEET
AS AT
30 APRIL 2017
30 April 2017
- 1 -
2017
2016
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,405
1,044
Current assets
Debtors
3
7,378
1,919
Cash at bank and in hand
1,223
437
8,601
2,356
Creditors: amounts falling due within one year
4
(9,334)
(2,640)
Net current liabilities
(733)
(284)
Total assets less current liabilities
672
760
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
671
759
Total equity
672
760
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial period ended 30 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he member has not required the company to obtain an audit of its financial statements for the period 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.
The financial statements were approved by the board of directors and authorised for issue on 22 December 2017 and are signed on its behalf by:
M. Karnes
Director
Company Registration No. 07140456
MENTAL HEALTH CONSULTANCY UK LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 APRIL 2017
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 February 2015
1
719
720
Period ended 31 January 2016:
Profit and total comprehensive income for the period
-
5,540
5,540
Dividends
-
(5,500)
(5,500)
Balance at 31 January 2016
1
759
760
Period ended 30 April 2017:
Profit and total comprehensive income for the period
-
2,412
2,412
Dividends
-
(2,500)
(2,500)
Balance at 30 April 2017
1
671
672
MENTAL HEALTH CONSULTANCY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2017
- 3 -
1
Accounting policies
Company information
Mental Health Consultancy UK Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Higgison House, 381-383 City Road, London, EC1V 1NW.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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 £.
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.
1.2
Turnover
Turnover represents amounts receivable for services
provided
net of VAT and trade discounts.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
25% reducing balance
1.4
Cash and cash equivalents
Cash and cash equivalents
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.
1.5
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.
MENTAL HEALTH CONSULTANCY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2017
1
Accounting policies
(Continued)
- 4 -
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.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from
fellow group companies and preference shares that are classified as debt, are
initially recognised at transaction price unless the arrangement constitutes a
financing transaction, where the debt instrument is measured at the present value of
the future receipts discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.7
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.
MENTAL HEALTH CONSULTANCY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2017
- 5 -
2
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 February 2016
2,577
Additions
830
At 30 April 2017
3,407
Depreciation and impairment
At 1 February 2016
1,533
Depreciation charged in the period
469
At 30 April 2017
2,002
Carrying amount
At 30 April 2017
1,405
At 31 January 2016
1,044
3
Debtors
2017
2016
Amounts falling due within one year:
£
£
Trade debtors
-
1,919
Other debtors
7,378
-
7,378
1,919
4
Creditors: amounts falling due within one year
2017
2016
£
£
Corporation tax
1,915
1,407
Other creditors
7,419
1,233
9,334
2,640
5
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
1 ordinary share of £1 each
1
1
MENTAL HEALTH CONSULTANCY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2017
- 6 -
6
Control
The company is controlled by the directors.
7
Directors' transactions
Included in debtors at the balance sheet date is £7,376 owed to the company by the directors.