FAUGHT CONSULTANTS LIMITED

FAUGHT CONSULTANTS LIMITED

FAUGHT CONSULTANTS LIMITED - Company Information

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FAUGHT CONSULTANTS LIMITED

Company Registration Number:
04539701 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2019

Period of accounts

Start date: 01 April 2018

End date: 31 March 2019

FAUGHT CONSULTANTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2019

Balance sheet
Notes

FAUGHT CONSULTANTS LIMITED

Balance sheet

As at 31 March 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 10,975 10,841
Total fixed assets: 10,975 10,841
Current assets
Debtors:   20,430 59,470
Cash at bank and in hand: 10,495 11,030
Total current assets: 30,925 70,500
Creditors: amounts falling due within one year: 4 (32,852) (42,103)
Net current assets (liabilities): (1,927) 28,397
Total assets less current liabilities: 9,048 39,238
Provision for liabilities: (2,055) (2,022)
Total net assets (liabilities): 6,993 37,216
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 6,893 37,116
Shareholders funds: 6,993 37,216

The notes form part of these financial statements

FAUGHT CONSULTANTS LIMITED

Balance sheet statements

For the year ending 31 March 2019 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 December 2019
and signed on behalf of the board by:

Name: D L FAUGHT
Status: Director

The notes form part of these financial statements

FAUGHT CONSULTANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the net value of services rendered, excluding VAT up to the balance sheet date.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is calculated to write off the cost less estimated residual value of all tangible fixed assets over their estimated useful lives at the following rates per annum:Office Equipment - 25% on reducing instalments basisMotor Vehicle (Scooter) - 25% on reducing instalments basis

Other accounting policies

Taxation:Taxation represents the sum of tax currently payable and deferred tax. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.Debtors and Creditors Receivable/Payable Within One Year:Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

FAUGHT CONSULTANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

2. Employees

2019 2018
Average number of employees during the period 2 2

FAUGHT CONSULTANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

3. Tangible Assets

Total
Cost £
At 01 April 2018 22,444
Additions 3,351
At 31 March 2019 25,795
Depreciation
At 01 April 2018 11,603
Charge for year 3,217
At 31 March 2019 14,820
Net book value
At 31 March 2019 10,975
At 31 March 2018 10,841

FAUGHT CONSULTANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

4. Creditors: amounts falling due within one year note

There are no secured creditors.

FAUGHT CONSULTANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

5. Loans to directors

Name of director receiving advance or credit: D L Faught and S J W Faught
Description of the loan: Short Term Loan repaid in full on 30th June 2019.
£
Balance at 01 April 2018 0
Advances or credits made: 5,326
Advances or credits repaid: 0
Balance at 31 March 2019 5,326