Exceed Consultancy Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04569706 (England and Wales)

Abbreviated Accounts for the Year Ended 30 June 2014

for

Exceed Consultancy Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Ms S Aspinall

REGISTERED OFFICE:

116 Duke Street

Liverpool

Merseyside

L1 5JW

REGISTERED NUMBER:

04569706 (England and Wales)

FIXED ASSETS

Intangible assets

2

-

113,491

Tangible assets

3

-

14,542

-

128,033

CURRENT ASSETS

Cash at bank

84,359

899,734

CREDITORS

Amounts falling due within one year

67,325

747,926

NET CURRENT ASSETS

17,034

151,808

TOTAL ASSETS LESS CURRENT LIABILITIES

17,034

279,841

PROVISIONS FOR LIABILITIES

-

655

NET ASSETS

17,034

279,186

CAPITAL AND RESERVES

Called up share capital

4

10,900

10,900

Profit and loss account

6,134

268,286

SHAREHOLDERS' FUNDS

17,034

279,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 21 September 2015 and were signed by:

Ms S Aspinall - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of

Value Added Tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Land and buildings

-

10% on cost

Plant and machinery etc

-

20% on cost

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 the profit and loss account in the period to which they relate.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangement 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

to equity.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

146,485

AMORTISATION

At 1 July 2013

32,994

Amortisation for year

113,491

At 30 June 2014

146,485

NET BOOK VALUE

At 30 June 2014

-

At 30 June 2013

113,491

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

25,543

DEPRECIATION

At 1 July 2013

11,001

Charge for year

14,542

At 30 June 2014

25,543

NET BOOK VALUE

At 30 June 2014

-

At 30 June 2013

14,542

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

£

100

Ordinary shares

£1

100

100

10,800

Ordinary Class E shares

£1

10,800

10,800

10,900

10,900

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2014 and

30 June 2013:

30.6.14

30.6.13

£

£

Ms S Aspinall

Balance outstanding at start of year

(625,115

)

(349,033

)

Amounts advanced

683,609

(276,082

)

Amounts repaid

(58,494

)

-

Balance outstanding at end of year

-

(625,115

)