Consult a Lot Limited - Period Ending 2014-11-30

Registration number: 06014713

Consult a Lot Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2014
 

CRW Accountants Ltd
The Mews
Queen Street
Colyton
Devon
EX24 6JU

Consult a Lot Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Consult a Lot Limited
for the Year Ended 30 November 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Consult a Lot Limited for the year ended 30 November 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of International Accountants, we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of Consult a Lot Limited, as a body, in accordance with the terms of our engagement letter dated 19 December 2006. Our work has been undertaken solely to prepare for your approval the accounts of Consult a Lot Limited and state those matters that we have agreed to state to them, as a body in this report . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Consult a Lot Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Consult a Lot Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Consult a Lot Limited. You consider that Consult a Lot Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Consult a Lot Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

CRW Accountants Ltd
The Mews
Queen Street
Colyton
Devon
EX24 6JU

24 February 2015

Page 1

Consult a Lot Limited
(Registration number: 06014713)
Abbreviated Balance Sheet at 30 November 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					505			615
Current assets
Stocks					4,055			3,556
Debtors					-			17
Cash at bank and in hand					38,917			26,692
					42,972			30,265
Creditors: Amounts falling due within one year					(22,705)			(21,057)
Net current assets					20,267			9,208
Total assets less current liabilities					20,772			9,823
Provisions for liabilities					(101)			(77)
Net assets					20,671			9,746
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					20,670			9,745
Shareholders' funds					20,671			9,746

For the year ending 30 November 2014 the Company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the Company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the director on 23 February 2015

.........................................
Mr J P Sweeney
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Consult a Lot Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:~

Asset class	Depreciation method and rate
Fixtures & fittings	25% reducing balance method
Office equipment	25% reducing balance method

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 December 2013		1,668			1,668
At 30 November 2014		1,668			1,668
Depreciation
At 1 December 2013		1,053			1,053
Charge for the year		110			110
At 30 November 2014		1,163			1,163

Page 3

Consult a Lot Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2014
......... continued

Net book value
At 30 November 2014		505			505
At 30 November 2013		615			615

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 4