Tkan Consulting Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05345134 (England and Wales)

Tkan Consulting Limited

Unaudited Financial Statements

for the Period

1st February 2019 to 31st March 2020

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Director:

Mr T Y W Kan

Registered office:

31 Woodberry Crescent

London

N10 1PJ

Registered number:

05345134 (England and Wales)

Accountants:

Wilson Stevens

Accountants

4th Floor

100 Fenchurch Street

London

EC3M 5JD

Fixed assets

Tangible assets

4

1,819

2,566

Current assets

Debtors

5

25,992

12,879

Cash at bank

123,936

134,646

149,928

147,525

Creditors

Amounts falling due within one year

6

47,411

57,419

Net current assets

102,517

90,106

Total assets less current liabilities

104,336

92,672

Capital and reserves

Called up share capital

2

2

Retained earnings

104,334

92,670

104,336

92,672

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24th June 2020 and were signed by:

Mr T Y W Kan - Director

1.	Statutory information

Tkan Consulting Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company

Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

It is unclear how the 2020 coronavirus will impact the company and given that the severity cannot be

reliably estimated, the financial statements have been prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

25% reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of

Income and Retained Earnings, except to the extent that it relates to items recognised in other

comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the period end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the period was 1 (2019 - 1 ) .

4.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 1st February 2019

and 31st March 2020

8,999

Depreciation

At 1st February 2019

6,433

Charge for period

747

At 31st March 2020

7,180

Net book value

At 31st March 2020

1,819

At 31st January 2019

2,566

5.

Debtors: amounts falling due within one year

2020

2019

£

£

Trade debtors

25,992

12,879

6.

Creditors: amounts falling due within one year

2020

2019

£

£

Taxation and social security

28,660

18,888

Other creditors

18,751

38,531

47,411

57,419