ERUDITE CONSULTANTS LTD - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04869215 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST AUGUST 2018

FOR

ERUDITE CONSULTANTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Arjan Bosheck

SECRETARY:

Centrum Secretaries Limited

REGISTERED OFFICE:

Elscot House

Arcadia Avenue

London

N3 2JU

REGISTERED NUMBER:

04869215 (England and Wales)

ACCOUNTANTS:

Centrum Chartered Accountants

Elscot House

Arcadia Avenue

London

N3 2JU

FIXED ASSETS

Tangible assets

4

653

871

CURRENT ASSETS

Debtors

5

7,079

5,419

Cash at bank and in hand

19,814

6,151

26,893

11,570

CREDITORS

Amounts falling due within one year

6

(38,643

)

(17,354

)

NET CURRENT LIABILITIES

(11,750

)

(5,784

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,097

)

(4,913

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(11,098

)

(4,914

)

SHAREHOLDERS' FUNDS

(11,097

)

(4,913

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

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 14th May 2019 and were signed by:

Arjan Bosheck - Director

1.	STATUTORY INFORMATION

ERUDITE 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 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.

The company has a deficit balance sheet and made a loss this year. However, most of the long term funding for

the company is by way of shareholders loan account. The shareholders made a commitment not to seek

repayment of the loan within the foreseeable future. The shareholders are confident that the company will trade

out of its current difficulties.

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.

Fixtures and fittings

-

25% on reducing balance

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st September 2017

and 31st August 2018

10,598

DEPRECIATION

At 1st September 2017

9,727

Charge for year

218

At 31st August 2018

9,945

NET BOOK VALUE

At 31st August 2018

653

At 31st August 2017

871

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

5,379

3,499

VAT

50

420

Prepayments

1,650

1,500

7,079

5,419

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

17,659

-

Other creditors

20,984

17,354

38,643

17,354