New Vantage Consulting Limited - Accounts to registrar (filleted) - small 18.2
New Vantage Consulting Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
NEW VANTAGE CONSULTING LIMITED |
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 4TH JULY 2019 TO 31ST JULY 2020 |
NEW VANTAGE CONSULTING LIMITED (REGISTERED NUMBER: 12084836) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 4TH JULY 2019 TO 31ST JULY 2020 |
Page |
Company Information | 1 |
Accountants' Report | 2 | to | 3 |
Abridged Statement of Financial Position | 4 | to | 5 |
Notes to the Financial Statements | 6 | to | 8 |
NEW VANTAGE CONSULTING LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 4TH JULY 2019 TO 31ST JULY 2020 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Richmond House |
Walkern Road |
Stevenage |
Hertfordshire |
SG1 3QP |
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
NEW VANTAGE CONSULTING LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of New Vantage Consulting Limited for the period ended 31st July 2020 which comprise the Income Statement, Abridged Statement of Financial Position, Statement of Changes in Equity 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of New Vantage Consulting Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of New Vantage Consulting Limited and state those matters that we have agreed to state to the Board of Directors of New Vantage Consulting Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than New Vantage Consulting Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that New Vantage Consulting 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 profit of New Vantage Consulting Limited. You consider that New Vantage Consulting Limited is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of New Vantage Consulting 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. |
Richmond House |
Walkern Road |
Stevenage |
Hertfordshire |
SG1 3QP |
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
NEW VANTAGE CONSULTING LIMITED |
NEW VANTAGE CONSULTING LIMITED (REGISTERED NUMBER: 12084836) |
ABRIDGED STATEMENT OF FINANCIAL POSITION |
31ST JULY 2020 |
Notes | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings |
SHAREHOLDERS' FUNDS |
NEW VANTAGE CONSULTING LIMITED (REGISTERED NUMBER: 12084836) |
ABRIDGED STATEMENT OF FINANCIAL POSITION - continued |
31ST JULY 2020 |
The directors acknowledge their 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
NEW VANTAGE CONSULTING LIMITED (REGISTERED NUMBER: 12084836) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 4TH JULY 2019 TO 31ST JULY 2020 |
1. | STATUTORY INFORMATION |
New Vantage Consulting Limited is a |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are prepared on a going concern basis and under the historical cost convention. |
Significant judgements and estimates |
No significant judgements or estimates have had to be made by the directors in preparing these financial statements. |
Revenue |
Revenue represents the total invoice value, excluding value added tax, trade discounts and all other taxes of sales made during the year. |
Revenue recognition |
Revenue is recognised when goods have been delivered and services supplied to customers such that risks and rewards of ownership have transferred to them. |
Property, plant and equipment |
Plant and machinery etc | - |
Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the income statement. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the income statement. |
NEW VANTAGE CONSULTING LIMITED (REGISTERED NUMBER: 12084836) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 4TH JULY 2019 TO 31ST JULY 2020 |
3. | ACCOUNTING POLICIES - continued |
Tax |
Tax for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred tax 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 material 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. |
Going concern |
The directors have assessed the Balance sheet and likely future cash flows at the date of approving these financial statements. During the year, the rapid spreading of COVID-19 has become a significant emerging risk to the global economy. The directors continue to monitor the impact of the virus on the business as more information about the pandemic emerges. The directors are confident that the company has sufficient funds available to meet liabilities as they fall due within the next 12 months; however the directors acknowledge that the position is changing day by day which means forecasting is difficult. Taking this into account, even after the directors response to the COVID-19 outbreak, there remains a material uncertainty that may cast significant doubt on the entity's ability to continue as a going concern. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
NEW VANTAGE CONSULTING LIMITED (REGISTERED NUMBER: 12084836) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 4TH JULY 2019 TO 31ST JULY 2020 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
Cost |
Additions |
At 31st July 2020 |
Depreciation |
Charge for period |
At 31st July 2020 |
Net book value |
At 31st July 2020 |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary A | £1 | 50 |
Ordinary B | £1 | 50 |
100 |
The following shares were allotted and fully paid for cash at par during the period: |
50 Ordinary A shares of £1 each |
50 Ordinary B shares of £1 each |