Black Nore Consulting Ltd - Period Ending 2016-03-31

Registration number: 08750079

Black Nore Consulting Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

AIMS Accountants for Business
Beaufort House
113 Parson St
Bristol
BS3 5QH

Black Nore Consulting Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Management Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Black Nore Consulting Ltd
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Black Nore Consulting Ltd for the year ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Black Nore Consulting Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Black Nore Consulting Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Black Nore Consulting Ltd and its Board of Directors as a body for our work or for this report.

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

......................................

AIMS Accountants for Business
Beaufort House
113 Parson St
Bristol
BS3 5QH

11 July 2016

Page 1

Black Nore Consulting Ltd
(Registration number: 08750079)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					1,118			1,491
Current assets
Debtors					10,594			7,946
Cash at bank and in hand					59,875			72,831
					70,469			80,777
Creditors: Amounts falling due within one year					(32,145)			(35,557)
Net current assets					38,324			45,220
Net assets					39,442			46,711
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					39,440			46,709
Shareholders' funds					39,442			46,711

For the year ending 31 March 2016 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 11 July 2016 and signed on its behalf by:

.........................................
Mr Christopher George Marshall
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Black Nore Consulting Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of flat rate value added tax at 14%, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Fixtures and fittings	25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

Black Nore Consulting Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		2,438			2,438
At 31 March 2016		2,438			2,438
Depreciation
At 1 April 2015		947			947
Charge for the year		373			373
At 31 March 2016		1,320			1,320
Net book value
At 31 March 2016		1,118			1,118
At 31 March 2015		1,491			1,491

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary share of £1 each		2			2			2			2

4	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mr Christopher George Marshall
Loan from director	1,237	-	1,941	-

Page 4