Company Registration No. 07962110 (England and Wales)
COLES DEVELOPMENT CONSULTING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
COLES DEVELOPMENT CONSULTING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
COLES DEVELOPMENT CONSULTING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
3,298
1,314
Current assets
Debtors
45,397
8,912
Cash at bank and in hand
31,950
58,166
77,347
67,078
Creditors: amounts falling due within one year
(24,673)
(17,662)
Net current assets
52,674
49,416
Total assets less current liabilities
55,972
50,730
Provisions for liabilities
(660)
(263)
55,312
50,467
Capital and reserves
Called up share capital
3
10
10
Profit and loss account
55,302
50,457
Shareholders' funds
55,312
50,467
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 20 December 2016
Dr C Coles
Director
Company Registration No. 07962110
COLES DEVELOPMENT CONSULTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 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 January 2015).
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 services net of VAT . During the year the company changed to the Flat Rate Scheme for VAT and thereafter turnover is gross of VAT and VAT payable under the scheme recorded as a deduction.
net of VAT
.
During the year the company changed to the Flat Rate Scheme for VAT and thereafter turnover is gross of VAT and VAT payable under the scheme recorded as a deduction.
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:
Computer equipment
25% WDV
Fixtures, fittings & equipment
25% WDV
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
2,190
Additions
3,084
At 31 March 2016
5,274
Depreciation
At 1 April 2015
876
Charge for the year
1,100
At 31 March 2016
1,976
Net book value
At 31 March 2016
3,298
At 31 March 2015
1,314
COLES DEVELOPMENT CONSULTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
10 Ordinary shares of £1 each
10
10