Lorraine Allen Education Consultancy Lim - Abbreviated accounts 16.3

REGISTERED NUMBER: 09867040 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

11TH NOVEMBER 2015 TO 30TH NOVEMBER 2016

FOR

LORRAINE ALLEN EDUCATION CONSULTANCY

LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Ms L F Allen

REGISTERED OFFICE:

1 & 2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

REGISTERED NUMBER:

09867040 (England and Wales)

ACCOUNTANTS:

Armstrongs

Chartered Accountants and Business Advisors

1&2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

FIXED ASSETS

Intangible assets

2

8,000

Tangible assets

3

456

8,456

CURRENT ASSETS

Debtors

6,550

Cash at bank

27,556

34,106

CREDITORS

Amounts falling due within one year

41,969

NET CURRENT LIABILITIES

(7,863

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

593

PROVISIONS FOR LIABILITIES

91

NET ASSETS

502

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

402

SHAREHOLDERS' FUNDS

502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th November 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th November 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 16th December 2016 and were signed by:

Ms L F Allen - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred taxation has been recognised as a liability or asset if transactions occurred at the balance sheet date that

gives rise to an obligation to pay more taxation in future or a right to pay less in taxation in future. An asset is not

recognised to the extent that transfer of economic benefit in future is uncertain. Deferred tax assets or liabilities

recognised have not been discounted as at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

10,000

At 30th November 2016

10,000

AMORTISATION

Amortisation for period

2,000

At 30th November 2016

2,000

NET BOOK VALUE

At 30th November 2016

8,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

608

At 30th November 2016

608

DEPRECIATION

Charge for period

152

At 30th November 2016

152

NET BOOK VALUE

At 30th November 2016

456

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

40

Ordinary A

£1

40

20

Ordinary B

£1

20

Ordinary C

£1

20

Ordinary D

£1

20

100

The following shares were issued during the period for cash at par :

40 Ordinary A shares of £1

20 Ordinary B shares of £1

20 Ordinary C shares of £1

20 Ordinary D shares of £1