POSTFORD_CONSULTING_LIMIT - Accounts

POSTFORD CONSULTING LIMITED - Company Information

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Company Registration No. 07639366 (England and Wales)

POSTFORD CONSULTING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2014

POSTFORD CONSULTING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

POSTFORD CONSULTING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

6,981

10,015

Current assets

Stocks

432

Debtors

59,439

26,779

Cash at bank and in hand

3,595

394

63,034

27,605

Creditors: amounts falling due within one year

(44,261)

(32,753)

Net current assets/(liabilities)

18,773

(5,148)

Total assets less current liabilities

25,754

4,867

Provisions for liabilities

(1,168)

(1,755)

24,586

3,112

Capital and reserves

Called up share capital

100

Profit and loss account

24,486

3,012

Shareholders' funds

24,586

3,112

For the financial year ended 31 May 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 27 February 2015

C M A Botting

Director

Company Registration No. 07639366

POSTFORD CONSULTING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

- 2 -

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 has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

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 and trade discounts.

1.4

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:

Plant and machinery

20% straight line

Fixtures, fittings & equipment

20% straight line

Motor vehicles

20% straight line

1.5

Stock

Work in progress is valued at the lower of cost and net realisable value and based on the directors' estimate.

1.6

Deferred taxation

Deferred taxation 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.

POSTFORD CONSULTING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 1 June 2013 & at 31 May 2014

15,845

Depreciation

At 1 June 2013

5,830

Charge for the year

3,034

At 31 May 2014

8,864

Net book value

At 31 May 2014

6,981

At 31 May 2013

10,015

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Related party relationships and transactions

Advances and credits to directors

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

C M A Botting -

3,253

3,230

6,374

109

L M Botting -

3,252

3,230

6,373

109

6,505

6,460

12,747

218

The maximum overdrawn in the period was £6,505 (2013: £6,505).