Abbreviated Company Accounts - CONSILIA PARTNERS LIMITED

CONSILIA PARTNERS LIMITED - Company Information

06983979 CONSILIA PARTNERS LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 06983979 2013-01-01 2013-12-31 06983979 2013-12-31 06983979 2012-12-31 06983979 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 06983979 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 uk-gaap-cd-bus:PreferenceShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:PreferenceShareClass1 2013-12-31 uk-gaap-cd-bus:PreferenceShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 06983979

CONSILIA PARTNERS LIMITED

Abbreviated Accounts

31 December 2013

CONSILIA PARTNERS LIMITED Registered Number 06983979

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	1,325	2,036
		1,325	2,036
Current assets
Debtors	3	197,951	392,312
Cash at bank and in hand		9,123	21,153
		207,074	413,465
Creditors: amounts falling due within one year		(140,724)	(288,135)
Net current assets (liabilities)		66,350	125,330
Total assets less current liabilities		67,675	127,366
Creditors: amounts falling due after more than one year		(75,000)	(75,000)
Provisions for liabilities		(682)	(682)
Total net assets (liabilities)		(8,007)	51,684
Capital and reserves
Called up share capital	4	1,385	1,385
Profit and loss account		(9,392)	50,299
Shareholders' funds		(8,007)	51,684

For the year ending 31 December 2013 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 5 August 2014

And signed on their behalf by:
D Axon, Director

CONSILIA PARTNERS LIMITED Registered Number 06983979

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts 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.

In respect of long term contracts and contracts for on going services, turnover represents the value of work done in the year, including estimates of amount not invoiced. Turnover in respect of long term contracts and contracts for on going services is recognised with reference to the stage of completion.

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 useful lives on the following bases:

Office equipment - 20% on cost

Other accounting policies
Operating leases

Rentals under operating leases are charged to the Profit and loss account on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 January 2013	3,455
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	3,455
Depreciation
At 1 January 2013	1,419
Charge for the year	711
On disposals	-
At 31 December 2013	2,130
Net book values
At 31 December 2013	1,325
At 31 December 2012	2,036

3Debtors

Included within other debtors due within one year is a loan to J P Smith, a director, amounting to £24,280 (2012 - £24,500). Amounts repaid during the year totalled £Nil. The main conditions were as follows:

The loan is interest free, with no specified repayment date.

Included within other debtors due within one year is a loan to D Axon, a director, amounting to £24,500 (2012 £24,500). Amounts repaid during the year totalled £Nil. The main conditions were as follows:

The loan is interest free, with no specified repayment date.

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
13,850 Ordinary shares of £0.10 each	1,385	1,385
75,000 Preference shares of £1 each	75,000	75,000