Abbreviated Company Accounts - ON-TRADE CONSULTANTS LIMITED

ON-TRADE CONSULTANTS LIMITED - Company Information

SC260756 ON-TRADE CONSULTANTS LIMITED 2015-02-28 false 2014-03-01 2015-02-28 true SC260756 2014-03-01 2015-02-28 SC260756 2015-02-28 SC260756 2014-02-28 SC260756 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 SC260756 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:Director3 2014-03-01 2015-02-28 uk-gaap-cd-bus:Director3 2015-02-28 uk-gaap-cd-bus:Director3 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP shares

Registered Number SC260756

ON-TRADE CONSULTANTS LIMITED

Abbreviated Accounts

28 February 2015

ON-TRADE CONSULTANTS LIMITED Registered Number SC260756

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	614	389
		614	389
Current assets
Debtors		3,224	4,253
Cash at bank and in hand		7,240	5,597
		10,464	9,850
Creditors: amounts falling due within one year		(10,664)	(10,020)
Net current assets (liabilities)		(200)	(170)
Total assets less current liabilities		414	219
Accruals and deferred income		(123)	(78)
Total net assets (liabilities)		291	141
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		290	140
Shareholders' funds		291	141

For the year ending 28 February 2015 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 November 2015

And signed on their behalf by:
Keith Mudie, Director

ON-TRADE CONSULTANTS LIMITED Registered Number SC260756

Notes to the Abbreviated Accounts for the period ended 28 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer equipment - 33% straight line
Furniture and fittings - 25% reducing balance

Other accounting policies
Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse
Deferred tax assets and liabilities are not discounted

2Tangible fixed assets

	£
Cost
At 1 March 2014	2,627
Additions	545
Disposals	(370)
Revaluations	-
Transfers	-
At 28 February 2015	2,802
Depreciation
At 1 March 2014	2,238
Charge for the year	320
On disposals	(370)
At 28 February 2015	2,188
Net book values
At 28 February 2015	614
At 28 February 2014	389

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1

4Transactions with directors

Name of director receiving advance or credit:	Keith Mudie
Description of the transaction:	Movement
Balance at 1 March 2014:	£ 4,253
Advances or credits made:	£ 32,530
Advances or credits repaid:	£ 33,561
Balance at 28 February 2015:	£ 3,222

During the year Keith Mudie, the director, advanced the company funds totaling £33,561 (2014- £45,261) withdrew funds totaling £32,530 (2014 - £46,245). As at 28 February 2014 the company was due £3,222 (2014 - £4,253).