MATHEWS_&_COSSINS_CONSULT - Accounts


Company Registration No. 08043385 (England and Wales)
MATHEWS & COSSINS CONSULTING LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
MATHEWS & COSSINS CONSULTING LTD
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
MATHEWS & COSSINS CONSULTING LTD
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MATHEWS & COSSINS CONSULTING LTD FOR THE YEAR ENDED 31 MARCH 2015
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mathews & Cossins Consulting Ltd for the year ended 31 March 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, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of Mathews & Cossins Consulting Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mathews & Cossins Consulting Ltd and state those matters that we have agreed to state to the Board of Directors of Mathews & Cossins Consulting Ltd, 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 Mathews & Cossins Consulting Ltd and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Mathews & Cossins Consulting Ltd 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 Mathews & Cossins Consulting Ltd. You consider that Mathews & Cossins 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 financial statements of Mathews & Cossins 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 financial statements.
Carpenter Box
16 March 2016
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1QR
MATHEWS & COSSINS CONSULTING LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 2 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
3,895
5,843
Current assets
Debtors
6,563
164
Cash at bank and in hand
-
389
6,563
553
Creditors: amounts falling due within one year
(9,091)
(5,975)
Net current liabilities
(2,528)
(5,422)
Total assets less current liabilities
1,367
421
Provisions for liabilities
(800)
-
567
421
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
467
321
Shareholders'  funds
567
421
For the financial year ended 31 March 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 16 March 2016
Miss L Mathews
Director
Company Registration No. 08043385
MATHEWS & COSSINS CONSULTING LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
1
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).

The financial statements have been prepared on a going concern basis, which assumes that the company will continue trading in the foreseeable future. The directors will continue to support the company and believe profits will continue and reverse the overdrawn balance sheet position. The financial statements do not include any adjustments that would result from withdrawal of this support.

1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
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:
Fixtures, fittings & equipment
4 Year Straight Line Basis
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014 & at 31 March 2015
7,791
Depreciation
At 1 April 2014
1,948
Charge for the period
1,948
At 31 March 2015
3,896
Net book value
At 31 March 2015
3,895
At 31 March 2014
5,843
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
MATHEWS & COSSINS CONSULTING LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 4 -
4
Related party relationships and transactions
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
£
£
£
£
£
  Miss L Mathews -
-
29
(6,592)
-
-
0
(6,563)
29
(6,592)
-
-
(6,563)

 

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