Koola Consulting Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05918987

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

KOOLA CONSULTING LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J H D King

SECRETARY:

Dr K S King

REGISTERED OFFICE:

Riverside House

3 Place Farm

Wheathampstead

Hertfordshire

AL4 8SB

REGISTERED NUMBER:

05918987

ACCOUNTANTS:

Lamburn & Turner

Riverside House

3 Place Farm

Wheathampstead

Hertfordshire

AL4 8SB

FIXED ASSETS

Tangible assets

4

629

309

CURRENT ASSETS

Debtors

-

8,250

Cash at bank

110,673

53,312

110,673

61,562

CREDITORS

Amounts falling due within one year

47,517

40,973

NET CURRENT ASSETS

63,156

20,589

TOTAL ASSETS LESS CURRENT LIABILITIES

63,785

20,898

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

63,585

20,698

SHAREHOLDERS' FUNDS

63,785

20,898

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

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

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 10 April 2019 and were signed by:

J H D King - Director

1.	STATUTORY INFORMATION

Koola Consulting Ltd is a private company, limited by shares , registered in Not specified/Other. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

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

-

33% on cost

Taxation

Taxation for the year 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 balance sheet date.

Deferred tax

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2018

2,275

Additions

842

Disposals

(1,158

)

At 31 December 2018

1,959

DEPRECIATION

At 1 January 2018

1,966

Charge for year

520

Eliminated on disposal

(1,156

)

At 31 December 2018

1,330

NET BOOK VALUE

At 31 December 2018

629

At 31 December 2017

309

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2018 and

31 December 2017:

31.12.18

31.12.17

£

£

J H D King

Balance outstanding at start of year

8,250

-

Amounts advanced

-

103,153

Amounts repaid

(8,250

)

(94,903

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

8,250