| John Mathieson Consulting Ltd |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of John Mathieson Consulting Ltd for the year ended 31 May 2016 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of John Mathieson Consulting Ltd for the year ended 31 May 2016 which comprise of 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/membershandbook. |
| This report is made solely to the Board of Directors of John Mathieson Consulting Ltd, as a body, in accordance with the terms of our engagement letter dated 27 July 2016. Our work has been undertaken solely to prepare for your approval the accounts of John Mathieson Consulting Ltd and state those matters that we have agreed to state to the Board of Directors of John Mathieson 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 John Mathieson Consulting Ltd and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that John Mathieson 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 John Mathieson Consulting Ltd. You consider that John Mathieson 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 John Mathieson 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 abbreviated accounts. |
|
| Barrett Accounting and Tax Services |
| Chartered Accountants |
| 1 Ellis Barn |
| The Old Dairy |
| Badbury |
| Swindon |
| SN4 0EU |
|
| 28 July 2016 |
|
| John Mathieson Consulting Ltd |
| Registered number: |
08530452 |
| Abbreviated Balance Sheet |
| as at 31 May 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
|
| Fixed assets |
| Tangible assets |
2 |
|
|
2,738 |
|
|
3,213 |
|
| Current assets |
| Debtors |
|
|
22,036 |
|
|
1,633 |
| Cash at bank and in hand |
|
|
6,563 |
|
|
8,152 |
|
|
|
28,599 |
|
|
9,785 |
|
| Creditors: amounts falling due within one year |
|
|
(7,430) |
|
|
(5,133) |
|
| Net current assets |
|
|
|
21,169 |
|
|
4,652 |
|
| Total assets less current liabilities |
|
|
|
23,907 |
|
|
7,865 |
|
| Provisions for liabilities |
|
|
|
(548) |
|
|
(643) |
|
| Net assets |
|
|
|
23,359 |
|
|
7,222 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
10 |
|
|
10 |
| Profit and loss account |
|
|
|
23,349 |
|
|
7,212 |
|
| Shareholders' funds |
|
|
|
23,359 |
|
|
7,222 |
|
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr J Mathieson |
| Director |
| Approved by the board on 28 July 2016 |
|
| John Mathieson Consulting Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 May 2016 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value of work carried out in respect of services provided to customers during the period. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% on reducing balance |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 June 2015 |
4,612 |
|
Additions |
476 |
|
At 31 May 2016 |
5,088 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2015 |
1,399 |
|
Charge for the year |
951 |
|
At 31 May 2016 |
2,350 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2016 |
2,738 |
|
At 31 May 2015 |
3,213 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
10 |
|
10 |
|
10 |
|
|
|
|
|
|
|
|
|
