Campbell Wilson Consultancy Limited - Period Ending 2016-03-31

CAMPBELL WILSON CONSULTANCY LTD - Company Information

Registration number: 07925886

Campbell Wilson Consultancy Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016

J Williams & Co Limited
121 Miller Drive
Fareham
Hampshire
PO16 7LS

Campbell Wilson Consultancy 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.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Campbell Wilson Consultancy Limited
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Campbell Wilson Consultancy Limited for the year ended 31 March 2016 set out on pages XX from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Campbell Wilson Consultancy 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 Campbell Wilson Consultancy Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Campbell Wilson Consultancy Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Campbell Wilson Consultancy 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 Campbell Wilson Consultancy Limited. You consider that Campbell Wilson Consultancy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Campbell Wilson Consultancy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

J Williams & Co Limited
121 Miller Drive
Fareham
Hampshire
PO16 7LS

29 December 2016

Page 1

Campbell Wilson Consultancy Limited

(Registration number: 07925886)
Abbreviated Balance Sheet as at 31 March 2016

	Note	2016 £	2015 £
Fixed assets
Intangible assets	2	35,960	50,346
Tangible assets	2	3,054	4,021
		39,014	54,367
Current assets
Cash at bank and in hand		17,841	2,583
Prepayments and accrued income		380	380
Creditors: Amounts falling due within one year		(17,922)	(44,818)
Net current assets/(liabilities)		299	(41,855)
Total assets less current liabilities		39,313	12,512
Provisions for liabilities		(611)	(804)
Accruals and deferred income		(1,080)	(1,500)
Net assets		37,622	10,208
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		37,522	10,108
Shareholders funds		37,622	10,208

For the year ending 31 March 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 director on 28 December 2016

.........................................
Mr Campbell Wilson
Director

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

Campbell Wilson Consultancy Limited

Notes to the Abbreviated Accounts

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 April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Intangible assets

Intangible assets are stated in the balance sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives.

Amortisation

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

Asset class	Amortisation method and rate
Goodwill	5 years straight line basis

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	25% straight line basis

Provisions

A provision is recognised when there is a legal or constructive obligation as a result of a past event and it is probable that an outflow of economic benefits will be required to settle the obligation.

Page 3

Campbell Wilson Consultancy Limited

Notes to the Abbreviated Accounts

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, except as required by the FRSSE. 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.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Fixed assets

	Intangible assets £	Tangible assets £	Total £
Cost
At 1 April 2015	71,933	7,741	79,674
Additions	-	1,292	1,292
At 31 March 2016	71,933	9,033	80,966
Depreciation
At 1 April 2015	21,587	3,720	25,307
Charge for the year	14,386	2,259	16,645
At 31 March 2016	35,973	5,979	41,952
Net book value
At 31 March 2016	35,960	3,054	39,014
At 31 March 2015	50,346	4,021	54,367

Share capital

Allotted, called up and fully paid shares

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

Control

The director is the controlling party by virtue of his controlling shareholding in the company.

Page 4