WJF Traction Consulting Limited - Limited company accounts 11.9

REGISTERED NUMBER: 06370106 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

WJF TRACTION CONSULTING LIMITED

Page

Company Information

1

Report of the Director

2

Chartered Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTOR:

W J Fonseca

REGISTERED OFFICE:

75 Park Lane

Croydon

Surrey

CR9 1XS

REGISTERED NUMBER:

06370106 (England and Wales)

ACCOUNTANTS:

Kings Mill Partnership

75 Park Lane

Croydon

Surrey

CR9 1XS

The director presents his report with the financial statements of the company for the year ended 30 September 2015.

PRINCIPAL ACTIVITY

The principal activity of the company during the year continued to be that of traction consultancy services.

DIRECTOR

W J Fonseca held office during the whole of the period from 1 October 2014 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

THIS REPORT WAS APPROVED BY THE BOARD:

W J Fonseca - Director

20 February 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of WJF Traction Consulting Limited for the year ended 30 September 2015 which comprise the

Profit and Loss Account, the Balance Sheet and the related notes 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 director of WJF Traction Consulting Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of WJF Traction Consulting Limited and state those matters that we have agreed to state to the director of WJF Traction Consulting Limited 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 the company and its director for our work or for this report.

It is your duty to ensure that WJF Traction Consulting Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of WJF Traction Consulting Limited. You consider that WJF Traction Consulting Limited 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 financial statements of WJF Traction Consulting

Limited. 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 financial statements.

Kings Mill Partnership

75 Park Lane

Croydon

Surrey

CR9 1XS

25 February 2016

TURNOVER

144,918

236,886

Administrative expenses

50,610

44,354

OPERATING PROFIT

2

94,308

192,532

Interest receivable and similar income

236

56

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

94,544

192,588

Tax on profit on ordinary activities

3

19,874

39,636

PROFIT FOR THE FINANCIAL YEAR

74,670

152,952

FIXED ASSETS

Tangible assets

5

950

1,914

CURRENT ASSETS

Debtors

6

1,721

Cash in hand

64,628

74,027

66,349

75,748

CREDITORS

Amounts falling due within one year

7

36,657

51,497

NET CURRENT ASSETS

29,692

24,251

TOTAL ASSETS LESS CURRENT
LIABILITIES

30,642

26,165

PROVISIONS FOR LIABILITIES

8

190

383

NET ASSETS

30,452

25,782

CAPITAL AND RESERVES

Called up share capital

9

100

Profit and loss account

10

30,352

25,682

SHAREHOLDERS' FUNDS

30,452

25,782

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 20 February 2016 and were signed by:

W J Fonseca - 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

Turnover represents the amounts derived from providing traction consultancy services, net of Value Added Tax.

Tangible fixed assets

The cost of fixed assets is their purchase cost, together with any incidental expenses of acquisition. Depreciation

is provided so as to write off the cost of tangible fixed assets less their estimated residual values on a straight line

basis over the assets estimated economic life. The principal rates used are as follows:

Computer Equipment - 25%

Deferred tax

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

balance sheet date.Deferred tax assets are recognised where it is considered more likely than not that future

profits will be available for offset. The company has not adopted a policy of discounting deferred tax assets and

liabilities.

2.	OPERATING PROFIT

The operating profit is stated after charging:

2015

2014

£

Depreciation - owned assets

1,413

1,566

Pension costs

12,000

Director's remuneration and other benefits etc

8,008

7,824

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

2015

2014

£

Current tax:

UK corporation tax

20,067

39,253

Deferred tax

(193

)

383

Tax on profit on ordinary activities

19,874

39,636

4.

DIVIDENDS

2015

2014

£

Final

70,000

128,000

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 October 2014

6,260

Additions

449

At 30 September 2015

6,709

DEPRECIATION

At 1 October 2014

4,346

Charge for year

1,413

At 30 September 2015

5,759

NET BOOK VALUE

At 30 September 2015

950

At 30 September 2014

1,914

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2015

2014

£

Section 455 Tax

1,721

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2015

2014

£

Corporation tax

20,067

39,253

Director's loan account

6,754

812

Other taxes & social security

5,987

7,583

Accruals

1,275

Childcare vouchers

2,574

36,657

51,497

8.	PROVISIONS FOR LIABILITIES

2015

2014

£

Deferred tax

190

383

Deferred

tax

£

Balance at 1 October 2014

383

Accelerated Capital Allowance

(193

)

Balance at 30 September 2015

190

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100

10.

RESERVES

Profit

and loss

account

£

At 1 October 2014

25,682

Profit for the year

74,670

Dividends

(70,000

)

At 30 September 2015

30,352

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £42,000 (2014 - £76,800) were paid to the director .

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W J Fonseca.