Paul Ravenhall Consulting Limited Small abbreviated accounts

Paul Ravenhall Consulting Limited Small abbreviated accounts

PAUL RAVENHALL CONSULTING LTD - Company Information

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COMPANY REGISTRATION NUMBER 7328539
PAUL RAVENHALL CONSULTING LIMITED
ABBREVIATED ACCOUNTS
31 December 2015
PAUL RAVENHALL CONSULTING LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTORS OF PAUL RAVENHALL
CONSULTING LIMITED
YEAR ENDED 31ST DECEMBER 2015
As described on the balance sheet, the directors of the company are responsible for the preparation of the abbreviated accounts for the year ended 31st December 2015, which comprise the Balance Sheet and the related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited abbreviated accounts in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
W H AUDIT LIMITED Corporate Accountants
The White House Station Road West Hagley Stourbridge West Midlands DY9 ONU
29 September 2016
PAUL RAVENHALL CONSULTING LIMITED
ABBREVIATED BALANCE SHEET
31 December 2015
2015
2014
Note
£
£
£
FIXED ASSETS
2
Tangible assets
1,990
3,142
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-------
CURRENT ASSETS
Debtors
25,217
5,061
Cash at bank and in hand
4,440
3,159
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-------
29,657
8,220
CREDITORS: Amounts falling due within one year
60,341
17,383
---------
---------
NET CURRENT LIABILITIES
( 30,684)
( 9,163)
---------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 28,694)
( 6,021)
---------
-------
CAPITAL AND RESERVES
Called up equity share capital
3
100
100
Profit and loss account
( 28,794)
( 6,121)
---------
-------
DEFICIT
( 28,694)
( 6,021)
---------
-------
For the year ended 31st December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
These abbreviated accounts were approved by the directors and authorised for issue on 29 September 2016 , and are signed on their behalf by:
**Name 1** **Name 2**
**Position **Position
Company Registration Number: 7328539
PAUL RAVENHALL CONSULTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
YEAR ENDED 31ST DECEMBER 2015
1. ACCOUNTING POLICIES
Basis of accounting
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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings-25% reducing balance
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2. FIXED ASSETS
Tangible Assets
£
COST
At 1st January 2015
5,545
Disposals
( 1,885)
-------
At 31st December 2015
3,660
-------
DEPRECIATION
At 1st January 2015
2,403
Charge for year
601
On disposals
( 1,334)
-------
At 31st December 2015
1,670
-------
NET BOOK VALUE
At 31st December 2015
1,990
-------
At 31st December 2014
3,142
-------
3. SHARE CAPITAL
Allotted and called up:
2015
2014
No.
£
No.
£
Ordinary shares - £ 1 paid of £- each
100
100
100
100
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