POSTFORD_CONSULTING_LIMIT - Accounts

POSTFORD CONSULTING LIMITED - Company Information

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Company Registration No. 07639366 (England and Wales)

POSTFORD CONSULTING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2015

POSTFORD CONSULTING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

POSTFORD CONSULTING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

6,484

6,981

Current assets

Stocks

800

Debtors

25,965

59,439

Cash at bank and in hand

25,222

3,595

51,987

63,034

Creditors: amounts falling due within one year

(33,064)

(44,261)

Net current assets

18,923

18,773

Total assets less current liabilities

25,407

25,754

Provisions for liabilities

(744)

(1,168)

24,663

24,586

Capital and reserves

Called up share capital

100

Profit and loss account

24,563

24,486

Shareholders' funds

24,663

24,586

For the financial year ended 31 May 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 26 February 2016

C M A Botting

Director

Company Registration No. 07639366

POSTFORD CONSULTING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% straight line

Fixtures, fittings & equipment

20% straight line

Motor vehicles

20% straight line

1.5

Stock

Stock is valued at the lower of cost and net realisable value and based on the directors' estimate.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

POSTFORD CONSULTING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 June 2014

15,845

Additions

2,504

At 31 May 2015

18,349

Depreciation

At 1 June 2014

8,864

Charge for the year

3,001

At 31 May 2015

11,865

Net book value

At 31 May 2015

6,484

At 31 May 2014

6,981

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Related party relationships and transactions

Advances and credits to directors

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

C M A Botting - Loan from the company

109

5,047

5,111

L M Botting - Loan from the company

109

5,047

5,112

218

10,094

10,223

The maximum overdrawn in the period was £6,792 (2014: £6,505).