Etesian Consulting Ltd - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: 05470508 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

ETESIAN CONSULTING LTD

Page

Balance sheet

1

Notes to the financial statements

2

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

2,568

2,977

2,568

2,977

Current assets

Debtors: amounts falling due within one year

6

7,268

7,474

Cash at bank

54,738

51,467

62,006

58,941

Creditors

Amounts falling due within one year

7

30,750

27,051

Net current assets

31,256

31,890

Total assets less current liabilities

33,824

34,867

Provisions for liabilities

8

107

100

Net assets

33,717

34,767

Capital and reserves

Called up share capital

9

100

100

Retained earnings

33,617

34,667

Shareholders' funds

33,717

34,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors on 10 November 2016 and were signed on its behalf by:

Mr J W Dance - Director

1.	Statutory information

Etesian Consulting Limited is a private company, limited by shares, registered in England and Wales. The company's

registered number is 05470508. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH, and business

address is Allen House, 9 Witchampton Mill, Wimborne, Dorset, BH21 5DE.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts receivable, excluding value added tax, in respect of services provided in the ordinary course

of business. Turnover is recognised when the service has been provided to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business in 2005, has been fully amortised.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or

past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of

current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing

differences are differences between taxable profits and total comprehensive income as stated in the financial statements

that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are

recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the

extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable

profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet

date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible

fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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 profit or loss in the period to which they relate.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the

contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract

that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any

losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 2 .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2015

and 31 March 2016

4,500

Amortisation

At 1 April 2015

and 31 March 2016

4,500

Net book value

At 31 March 2016

-

At 31 March 2015

-

5.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 April 2015

10,872

8,669

19,541

Additions

-

448

448

At 31 March 2016

10,872

9,117

19,989

Depreciation

At 1 April 2015

9,776

6,788

16,564

Charge for year

274

583

857

At 31 March 2016

10,050

7,371

17,421

Net book value

At 31 March 2016

822

1,746

2,568

At 31 March 2015

1,096

1,881

2,977

6.

Debtors: amounts falling due within one year

2016

2015

£

£

Trade debtors

6,508

6,714

Tax

760

760

7,268

7,474

7.

Creditors: amounts falling due within one year

2016

2015

£

£

Tax

17,338

15,374

VAT

5,386

4,828

Other creditors

5,213

5,213

Directors' current accounts

1,013

385

Accruals and deferred income

1,800

1,251

30,750

27,051

8.	Provisions for liabilities

2016

2015

£

£

Deferred tax

107

100

Deferred

tax

£

Balance at 1 April 2015

100

Provided during year

7

Balance at 31 March 2016

107

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

-

100

50

Ordinary 'A'

£1

50

-

50

Ordinary 'B'

£1

50

-

100

100

During the year the 100 issued ordinary shares were reclassified into 50 ordinary 'A' shares and 50 ordinary 'B' shares.

10.	Ultimate controlling party

The company is controlled by the directors, Mr J and Mrs C Dance, who between them own 100% of the issued share capital

of the company.

11.	First year adoption

These financial statements for the year ended 31 March 2016 are the first financial statements that comply with FRS 102

Section 1A small entities. The date of transition is 1 April 2014.

The transition to FRS102 Section 1A small entities has resulted in a small number of changes in accounting policies to those

previously used.

The nature of these changes and their impact on opening equity and profit, where applicable, is detailed in the notes to

these financial statements.