F & M Consulting Services Limited Filleted accounts for Companies House (small and micro)

REA CAPITAL GROUP LTD - Company Information

false false false false false false false false false true false false false false false false false No description of principal activity 2018-05-01 Sage Accounts Production Advanced 2019 - FRS102_2014 xbrli:pure xbrli:shares iso4217:GBP 09731771 2018-05-01 2019-04-30 09731771 2019-04-30 09731771 2018-04-30 09731771 2017-05-01 2018-04-30 09731771 2018-04-30 09731771 core:FurnitureFittings 2018-05-01 2019-04-30 09731771 bus:RegisteredOffice 2018-05-01 2019-04-30 09731771 bus:LeadAgentIfApplicable 2018-05-01 2019-04-30 09731771 bus:Director1 2018-05-01 2019-04-30 09731771 bus:Director2 2018-05-01 2019-04-30 09731771 core:FurnitureFittings 2018-04-30 09731771 core:FurnitureFittings 2019-04-30 09731771 core:WithinOneYear 2019-04-30 09731771 core:WithinOneYear 2018-04-30 09731771 core:ShareCapital 2019-04-30 09731771 core:ShareCapital 2018-04-30 09731771 core:RetainedEarningsAccumulatedLosses 2019-04-30 09731771 core:RetainedEarningsAccumulatedLosses 2018-04-30 09731771 core:FurnitureFittings 2018-04-30 09731771 bus:SmallEntities 2018-05-01 2019-04-30 09731771 bus:AuditExemptWithAccountantsReport 2018-05-01 2019-04-30 09731771 bus:FullAccounts 2018-05-01 2019-04-30 09731771 bus:SmallCompaniesRegimeForAccounts 2018-05-01 2019-04-30 09731771 bus:PrivateLimitedCompanyLtd 2018-05-01 2019-04-30 09731771 core:ComputerEquipment 2018-05-01 2019-04-30 09731771 core:ComputerEquipment 2018-04-30 09731771 core:ComputerEquipment 2019-04-30

COMPANY REGISTRATION NUMBER: 09731771

F & M CONSULTING SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

30 April 2019

F & M CONSULTING SERVICES LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2019

Contents	Page

Officers and professional advisers	1

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

F & M CONSULTING SERVICES LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	Mr M Rea
	Mrs F Rea

Registered office	Hanover Buildings
	11 - 13 Hanover Street
	Liverpool
	Merseyside
	L1 3DN

Accountants	ERC Accountants & Business Advisers Limited
	Chartered accountants
	Hanover Buildings
	11-13 Hanover Street
	Liverpool
	L1 3DN

F & M CONSULTING SERVICES LIMITED

CHARTERED ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF F & M CONSULTING SERVICES LIMITED

YEAR ENDED 30 APRIL 2019

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of F & M Consulting Services Limited for the year ended 30 April 2019, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of F & M Consulting Services Limited, as a body, in accordance with the terms of our engagement letter dated 30 April 2019. Our work has been undertaken solely to prepare for your approval the financial statements of F & M Consulting Services Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than F & M Consulting Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that F & M Consulting Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of F & M Consulting Services Limited. You consider that F & M Consulting Services 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 financial statements of F & M Consulting Services 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 financial statements.

ERC Accountants & Business Advisers Limited Chartered accountants

Hanover Buildings 11-13 Hanover Street Liverpool L1 3DN

16 December 2019

F & M CONSULTING SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION

30 April 2019

	2019	2018
Note	£	£

FIXED ASSETS

Tangible assets	5	3,367	5,014

CURRENT ASSETS

Debtors	6	544	352
Cash at bank and in hand		11,391	25,311
		---------	---------
		11,935	25,663

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	7	4,109	12,838
		---------	---------
NET CURRENT ASSETS		7,826	12,825
		---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES		11,193	17,839

PROVISIONS	640	953
	---------	---------
NET ASSETS	10,553	16,886
	---------	---------

CAPITAL AND RESERVES

Called up share capital	2	1
Profit and loss account	10,551	16,885
	---------	---------
SHAREHOLDERS FUNDS	10,553	16,886
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 April 2019 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 .

F & M CONSULTING SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 April 2019

These financial statements were approved by the board of directors and authorised for issue on 16 December 2019 , and are signed on behalf of the board by:

Mr M Rea

Director

Company registration number: 09731771

F & M CONSULTING SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2019

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hanover Buildings, 11 - 13 Hanover Street, Liverpool, Merseyside, L1 3DN.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for services rendered.

Corporation tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% reducing balance
Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2018: 2 ).

5. TANGIBLE ASSETS

Fixtures and fittings	Equipment	Total
£	£	£

Cost
At 1 May 2018	2,892	5,232	8,124
Additions	–	935	935
	-------	-------	-------
At 30 April 2019	2,892	6,167	9,059
	-------	-------	-------
Depreciation
At 1 May 2018	787	2,323	3,110
Charge for the year	526	2,056	2,582
	-------	-------	-------
At 30 April 2019	1,313	4,379	5,692
	-------	-------	-------
Carrying amount
At 30 April 2019	1,579	1,788	3,367
	-------	-------	-------
At 30 April 2018	2,105	2,909	5,014
	-------	-------	-------

6. DEBTORS

	2019	2018
	£	£

Other debtors	544	352
	----	----

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

	2019	2018
	£	£

Corporation tax	–	4,999
Other creditors	4,109	7,839
	-------	---------
	4,109	12,838
	-------	---------

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

No directors' received advances, credits or guarantees during the current or previous accounting periods.

9. RELATED PARTY TRANSACTIONS

The following related party transactions were undertaken during the year: Dividends were paid to the directors totalling £5,000. (2018 : £10,000) The aggregate remuneration paid to key management personnel for the year was £16,848 (2018: £16,328). At 30th April 2019 the company owed to its directors £9. (2018 : £14) This loan is unsecured and interest free. No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.