Company Registration No. 03675651 (England and Wales)
DAVID SOUTHGATE CONSULTING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
DAVID SOUTHGATE CONSULTING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
DAVID SOUTHGATE CONSULTING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
36,168
13,646
Current assets
Debtors
41,126
44,564
Cash at bank and in hand
193,427
192,332
234,553
236,896
Creditors: amounts falling due within one year
(54,860)
(48,165)
Net current assets
179,693
188,731
Total assets less current liabilities
215,861
202,377
Provisions for liabilities
(7,233)
(2,715)
208,628
199,662
Capital and reserves
Called up share capital
3
300
300
Profit and loss account
208,328
199,362
Shareholders' funds
208,628
199,662
For the financial year ended 31 December 2014 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 11 February 2015
Mr D Southgate
Director
Company Registration No. 03675651
DAVID SOUTHGATE CONSULTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 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 April 2008).
The company continues to report an operating profit and net current assets are shown at the balance sheet date. The directors anticipate similar results in 2015 and so the accounts have been prepared on a going concern basis.
1.2
Turnover
Turnover represents amounts receivable for recruitment consultancy services net of VAT.recruitment consultancy services net of VAT.
1.3
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:
Fixtures, fittings & equipment
33.3% reducing balance method, 25% reducing balance method, 25% straight line method and 20% straightline method.
Motor vehicles
25% straight line method
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2014
44,817
Additions
32,767
At 31 December 2014
77,584
Depreciation
At 1 January 2014
31,171
Charge for the year
10,245
At 31 December 2014
41,416
Net book value
At 31 December 2014
36,168
At 31 December 2013
13,646
DAVID SOUTHGATE CONSULTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
- 3 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary A of £1 each
100
100
100 Ordinary B of £1 each
100
100
100 Ordinary C of £1 each
100
100
300
300
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