Goodman Corporate Consultancy Limited - Period Ending 2016-07-31

Registration number: 05364029

Goodman Corporate Consultancy Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2016
 

Goodman Corporate Consultancy Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Goodman Corporate Consultancy Limited
(Registration number: 05364029)
Abbreviated Balance Sheet at 31 July 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			2,435			4,892
Current assets
Debtors					294,126			68,037
Cash at bank and in hand					6,937			10,459
					301,063			78,496
Creditors: Amounts falling due within one year		3			(243,008)			(75,473)
Net current assets					58,055			3,023
Total assets less current liabilities					60,490			7,915
Provisions for liabilities					(487)			(885)
Net assets					60,003			7,030
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					59,903			6,930
Shareholders' funds					60,003			7,030

For the year ending 31 July 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 22 September 2016 and signed on its behalf by:

.........................................
P Goodman
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Goodman Corporate Consultancy Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 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 the total invoice value, excluding value added tax, of sales made during the year. Income is recognised based on the date goods are despatched and the level of completion of services.

Depreciation

Tangible fixed assets are initially recorded at cost. Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and computer equipment	25% & 33% straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, with certain limited exceptions as required by the Financial Reporting Standard for Smaller Entities. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 2

Goodman Corporate Consultancy Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2015		14,506			14,506
Disposals		(6,007)			(6,007)
At 31 July 2016		8,499			8,499
Depreciation
At 1 August 2015		9,614			9,614
Charge for the year		2,457			2,457
Eliminated on disposals		(6,007)			(6,007)
At 31 July 2016		6,064			6,064
Net book value
At 31 July 2016		2,435			2,435
At 31 July 2015		4,892			4,892

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2016 £			2015 £
Amounts falling due within one year		-			1,614

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		90			90			90			90
Ordinary A shares of £1 each		10			10			10			10
		100			100			100			100

Page 3

Goodman Corporate Consultancy Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

5

Control

The company is controlled by it's parent, Goodman Financial Group Limited, a company incorporated in England. The ultimate controlling party is Paul Goodman, director.

Page 4