Seren Consultancy Ltd - Period Ending 2014-10-31

Registration number: 05263995

Seren Consultancy Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2014
 

Walker Langford & Co
Certified Practising Accountants
361 Pensby Road
Pensby
Wirral
CH61 6YF

Seren Consultancy Ltd
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.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Seren Consultancy Ltd
for the Year Ended 31 October 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Seren Consultancy Ltd for the year ended 31 October 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 Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Seren Consultancy Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Seren Consultancy Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Seren Consultancy Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Seren Consultancy Ltd 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 Seren Consultancy Ltd. You consider that Seren Consultancy Ltd 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 Seren Consultancy Ltd. 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.

......................................

Walker Langford & Co
Certified Practising Accountants
361 Pensby Road
Pensby
Wirral
CH61 6YF

Date:.............................

Page 1

Seren Consultancy Ltd
(Registration number: 05263995)
Abbreviated Balance Sheet at 31 October 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					1,388			1,850
Current assets
Debtors					156			1,042
Cash at bank and in hand					5,000			5,000
					5,156			6,042
Creditors: Amounts falling due within one year					(3,707)			(4,058)
Net current assets					1,449			1,984
Total assets less current liabilities					2,837			3,834
Creditors: Amounts falling due after more than one year					(645)			(4,336)
Net assets/(liabilities)					2,192			(502)
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					2,190			(504)
Shareholders' funds/(deficit)					2,192			(502)

For the year ending 31 October 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 .

Approved by the Board on 2 July 2015 and signed on its behalf by:

.........................................
Mr William Dacre Brereton
Director

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

Seren Consultancy Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 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, net of value added tax, 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 or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office Equipment	25% Reducing Balance
Plant & Machinery	25% Reducing Balance
Fixtures & Fittings	25% Reducing Balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 November 2013		8,572			8,572
At 31 October 2014		8,572			8,572
Depreciation
At 1 November 2013		6,722			6,722
Charge for the year		462			462
At 31 October 2014		7,184			7,184
Net book value
At 31 October 2014		1,388			1,388
At 31 October 2013		1,850			1,850

Page 3

Seren Consultancy Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

Page 4