Merranti Consulting Limited - Period Ending 2016-05-31

Registration number: 08537484

Merranti Consulting Limited
 
Formerly known as Merranti Consulting (London) Ltd
 
 Annual Report and Unaudited Abbreviated Accounts
 
 for the Year Ended 31 May 2016
 

Merranti Accounting Limited
10 Scandia-Hus Business Pk
Felcourt Road
Felcourt
East Grinstead
West Sussex
RH19 2LP

Merranti Consulting Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Merranti Consulting Limited
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 accounts of Merranti Consulting Limited for the year ended 31 May 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Merranti Consulting Limited , as a body, in accordance with the terms of our engagement letter . Our work has been undertaken solely to prepare for your approval the accounts of Merranti Consulting Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Merranti Consulting Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Merranti Consulting Limited 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 Merranti Consulting Limited. You consider that Merranti Consulting Limited is exempt from the statutory audit requirement for the year.

......................................

Merranti Accounting Limited
10 Scandia-Hus Business Pk
Felcourt Road
Felcourt
East Grinstead
West Sussex
RH19 2LP

20 December 2016

Page 1

Merranti Consulting Limited
(Registration number: 08537484 )
Abbreviated Balance Sheet at 31 May 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					1,784			317
Current assets
Debtors					124,014			30,667
Cash at bank and in hand					1,106			44,281
					125,120			74,948
Creditors: Amounts falling due within one year					(57,957)			(52,542)
Net current assets					67,163			22,406
Net assets					68,947			22,723
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					68,847			22,623
Shareholders' funds					68,947			22,723

For the year ending 31 May 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 director acknowledges his 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 director on 20 December 2016

.........................................
Mr Jason Fudge
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Merranti Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office Equipment	33% Straight line
Furniture, fixtures and fittings	25% Straight line

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2015		935			935
Additions		2,481			2,481
At 31 May 2016		3,416			3,416
Depreciation
At 1 June 2015		618			618
Charge for the year		1,014			1,014
At 31 May 2016		1,632			1,632
Net book value
At 31 May 2016		1,784			1,784
At 31 May 2015		317			317

Page 3

Merranti Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Shares of £1 each		100			100			100			100

4

Control

The company is controlled by the director who owns 55% of the called up share capital.

Page 4