Company Registration No. 04618648 (England and Wales)
CHESTER CONSULTING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
CHESTER CONSULTING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
CHESTER CONSULTING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
27,168
29,432
Tangible assets
2
752
1,222
27,920
30,654
Current assets
Debtors
3,275
4,903
Cash at bank and in hand
2,048
1,918
5,323
6,821
Creditors: amounts falling due within one year
(32,983)
(9,633)
Net current liabilities
(27,660)
(2,812)
Total assets less current liabilities
260
27,842
Provisions for liabilities
(87)
(167)
173
27,675
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
73
27,575
Shareholders' funds
173
27,675
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.
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 29 July 2016
K P Chester
Director
Company Registration No. 04618648
CHESTER 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 goods and services net of VAT.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
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:
Office equipment
15% reducing balance
1.6
Deferred taxation
The accounting policy in respect of deferred tax has been changed to reflect the requirements of FRS19 - Deferred tax. Deferred tax 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.
1.7
Pensions
The company makes contributions to the personal pension plan of the director. The contributions made during the year are charged to the profit and loss account.
CHESTER CONSULTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015 & at 31 March 2016
56,600
8,495
65,095
Depreciation
At 1 April 2015
27,168
7,273
34,441
Charge for the year
2,264
470
2,734
At 31 March 2016
29,432
7,743
37,175
Net book value
At 31 March 2016
27,168
752
27,920
At 31 March 2015
29,432
1,222
30,654
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
50 Ordinary 'A' shares of £1 each
50
50
50 Ordinary 'B' shares of £1 each
50
50
100
100