William James Consultants Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11130058 (England and Wales)

Unaudited Financial Statements

for the Period 3 January 2018 to 31 December 2018

for

William James Consultants Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr William James Mark Bremner

Mr Connor William Hadden

REGISTERED OFFICE:

Peel House

Upper South View

Farnham

GU9 7JN

REGISTERED NUMBER:

11130058 (England and Wales)

ACCOUNTANTS:

Capitax Financial Limited

Devonshire House

582 Honeypot Lane

Stanmore

Middlesex

HA7 1JS

FIXED ASSETS

Tangible assets

4

4,090

CURRENT ASSETS

Debtors

5

502

Cash at bank

31,824

32,326

CREDITORS

Amounts falling due within one year

6

34,318

NET CURRENT LIABILITIES

(1,992

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,098

PROVISIONS FOR LIABILITIES

777

NET ASSETS

1,321

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

1,320

SHAREHOLDERS' FUNDS

1,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 1 March 2019 and were signed on its behalf by:

Mr William James Mark Bremner - Director

Mr Connor William Hadden - Director

1.	STATUTORY INFORMATION

William James Consultants Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment - 25% on cost

Plant and Machinery - 25% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

Additions

971

4,483

5,454

At 31 December 2018

971

4,483

5,454

DEPRECIATION

Charge for period

243

1,121

1,364

At 31 December 2018

243

1,121

1,364

NET BOOK VALUE

At 31 December 2018

728

3,362

4,090

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

502

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

12,744

Other creditors

21,574

34,318

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year ended 31 December 2018 William James Consultants Ltd owed £20,299 to its Directors. This

amount is reflected accordingly in their respective director`s loan account in credit balances, which is shown

under Creditors due within one year. Please be advised that both the directors have agreed to provide this loan on

an interest free basis and the loan is payable on demand.