Red Lobster Consulting Ltd - Limited company accounts 16.1

REGISTERED NUMBER: 08051201 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 30 April 2016

for

Red Lobster Consulting Ltd

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

M D Horning

REGISTERED OFFICE:

KD Tower

Plaza Suite 9

Cotterells

Hemel Hempstead

Hertfordshire

HP1 1FW

REGISTERED NUMBER:

08051201 (England and Wales)

ACCOUNTANTS:

SJD Accountancy

3000 Cathedral Hill

Guildford

Surrey

GU2 7YB

The director presents his report with the financial statements of the company for the year ended 30 April 2016.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the provision of I.T. Services and Consultancy.

DIRECTOR

M D Horning held office during the whole of the period from 1 May 2015 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

M D Horning - Director

15 August 2016

TURNOVER

112,000

115,800

Administrative expenses

57,348

67,519

OPERATING PROFIT

2

54,652

48,281

Interest receivable and similar income

11

-

PROFIT ON ORDINARY ACTIVITIES BEFORE
TAXATION

54,663

48,281

Tax on profit on ordinary activities

3

10,745

9,670

PROFIT FOR THE FINANCIAL YEAR

43,918

38,611

FIXED ASSETS

Tangible assets

5

1,027

90

CURRENT ASSETS

Debtors

6

12,600

11,400

Cash at bank

17,676

14,432

30,276

25,832

CREDITORS

Amounts falling due within one year

7

16,989

15,526

NET CURRENT ASSETS

13,287

10,306

TOTAL ASSETS LESS CURRENT LIABILITIES

14,314

10,396

CAPITAL AND RESERVES

Called up share capital

8

1

Profit and loss account

9

14,313

10,395

SHAREHOLDERS' FUNDS

14,314

10,396

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the director on 15 August 2016 and were signed by:

M D Horning - 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.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme

are charged to the profit and loss account in the period to which they relate.

2.	OPERATING PROFIT

The operating profit is stated after charging:

30.4.16

30.4.15

£

Depreciation - owned assets

503

30

Pension costs

40,000

48,667

Director's remuneration and other benefits etc

50,449

58,746

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

30.4.16

30.4.15

£

Current tax:

UK corporation tax

10,745

9,670

Tax on profit on ordinary activities

10,745

9,670

4.

DIVIDENDS

30.4.16

30.4.15

£

Ordinary share of £1

Interim

40,000

38,995

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2015

213

Additions

1,440

At 30 April 2016

1,653

DEPRECIATION

At 1 May 2015

123

Charge for year

503

At 30 April 2016

626

NET BOOK VALUE

At 30 April 2016

1,027

At 30 April 2015

90

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.16

30.4.15

£

Trade debtors

12,600

11,400

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.16

30.4.15

£

Trade creditors

(1

)

-

Corporation tax

10,745

9,670

VAT

6,069

5,798

Directors' current accounts

76

45

Accrued expenses

100

13

16,989

15,526

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

1

Ordinary

£1

1

9.

RESERVES

Profit

and loss

account

£

At 1 May 2015

10,395

Profit for the year

43,918

Dividends

(40,000

)

At 30 April 2016

14,313

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M D Horning.