Hunsley Consulting Ltd - Period Ending 2014-12-31

Registration number: 07868217

Hunsley Consulting Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

Weeden Ltd
15 Elizabeth Close
Scotter
Gainborough
Lincolnshire
DN21 3TA

Hunsley Consulting 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 Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Hunsley Consulting Ltd
for the Year Ended 31 December 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Hunsley Consulting Ltd for the year ended 31 December 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Hunsley Consulting 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 Hunsley Consulting Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hunsley Consulting Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Hunsley Consulting 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 Hunsley Consulting Ltd. You consider that Hunsley Consulting 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 Hunsley Consulting 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.

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

Weeden Ltd
15 Elizabeth Close
Scotter
Gainborough
Lincolnshire
DN21 3TA

27 September 2015

Page 1

Hunsley Consulting Ltd
(Registration number: 07868217)
Abbreviated Balance Sheet at 31 December 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					16,317			12,872
Current assets
Debtors					8,773			7,589
Cash at bank and in hand					31,438			38,415
					40,211			46,004
Creditors: Amounts falling due within one year					(14,566)			(18,128)
Net current assets					25,645			27,876
Total assets less current liabilities					41,962			40,748
Provisions for liabilities					-			(115)
Net assets					41,962			40,633
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					41,862			40,533
Shareholders' funds					41,962			40,633

For the year ending 31 December 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 27 September 2015 and signed on its behalf by:

.........................................
Mr M R Hunsley
Director

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

Hunsley Consulting Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 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	15% reducing balance
Motor vehicles	25% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Foreign currency

Amounts originating in foreign currency are shown in the financial statements at the rate prevailing at the date of the transaction.

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.

Page 3

Hunsley Consulting Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2014		15,928			15,928
Additions		20,994			20,994
Disposals		(15,000)			(15,000)
At 31 December 2014		21,922			21,922
Depreciation
At 1 January 2014		3,056			3,056
Charge for the year		5,349			5,349
Eliminated on disposals		(2,800)			(2,800)
At 31 December 2014		5,605			5,605
Net book value
At 31 December 2014		16,317			16,317
At 31 December 2013		12,872			12,872

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 4