ARDOYNE CONSULTANTS LIMITED
SC333726
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED
30 SEPTEMBER 2016
30 September 2016
MESTON REID & CO.
CHARTERED ACCOUNTANTS
12 CARDEN PLACE
ABERDEEN
AB10 1UR
ARDOYNE CONSULTANTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ARDOYNE CONSULTANTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
4,362
5,542
Current assets
Debtors
144,560
138,094
Cash at bank and in hand
29,222
3,287
173,782
141,381
Creditors: amounts falling due within one year
(38,300)
(45,518)
Net current assets
135,482
95,863
Total assets less current liabilities
139,844
101,405
Provisions for liabilities
(425)
(563)
139,419
100,842
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
139,418
100,841
Shareholders' funds
139,419
100,842
For the financial year ended 30 September 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 9 June 2017
Robert Lyons
Director
Company Registration No. SC333726
ARDOYNE CONSULTANTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 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 management consultancy services, fees and rechargeable expenses net of VAT.
Revenue is recognised when the services have been provided and all obligations to the customer, under the agreement, have been fulfilled.
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
33% straight line
Fixtures, fittings & equipment
10% 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 October 2015
24,710
Additions
1,675
Disposals
(1,627)
At 30 September 2016
24,758
Depreciation
At 1 October 2015
19,168
On disposals
(1,627)
Charge for the year
2,855
At 30 September 2016
20,396
Net book value
At 30 September 2016
4,362
At 30 September 2015
5,542
ARDOYNE CONSULTANTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1
4
Ultimate parent company
The ultimate parent company is Ardoyne Investments Limited, a company registered in Scotland.
5
Related party relationships and transactions
Transactions with directors
At 30 September 2016, £108,885 (2015 - £108,943) was due from Robert Lyons, director, to Ardoyne Consultants Limited. The maximum balance outstanding during the year was £108,943. The loan is unsecured, interest free and repayable on demand.