ERUDITE CONSULTANTS LTD - Abbreviated accounts 16.1

REGISTERED NUMBER: 04869215 (England and Wales)

ERUDITE CONSULTANTS LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED

31ST AUGUST 2015

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Tangible assets

2

1,547

1,698

CURRENT ASSETS

Debtors

10,701

7,305

Cash at bank and in hand

13,770

5,900

24,471

13,205

CREDITORS

Amounts falling due within one year

(24,794

)

(4,803

)

NET CURRENT (LIABILITIES)/ASSETS

(323

)

8,402

TOTAL ASSETS LESS CURRENT LIABILITIES

1,224

10,100

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

1,223

10,099

SHAREHOLDERS' FUNDS

1,224

10,100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 6th May 2016 and were signed by:

Nileshkumar Ramesh Desai - 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 January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the

date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2014

9,983

Additions

615

At 31st August 2015

10,598

DEPRECIATION

At 1st September 2014

8,285

Charge for year

766

At 31st August 2015

9,051

NET BOOK VALUE

At 31st August 2015

1,547

At 31st August 2014

1,698

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Ordinary

£1

1

1