DISConsulting IT Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05442739 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2014

for

DISConsulting IT Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Certified Accountants' Report

7

DIRECTORS:

M F B Cotton

K A Watson

SECRETARY:

Shrewdchoice Limited

REGISTERED OFFICE:

Beechey House

87 Church Street

Crowthorne

Berkshire

RG45 7AW

REGISTERED NUMBER:

05442739 (England and Wales)

ACCOUNTANTS:

PKB UK LLP

Chartered Certified Accountants

Beechey House

87 Church Street

Crowthorne

Berkshire

RG45 7AW

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

5,957

8,321

5,957

8,321

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

36,251

57,382

Prepayments and accrued income

856

556

Cash at bank and in hand

114,326

60,528

152,433

119,466

CREDITORS

Amounts falling due within one year

4

64,638

55,802

NET CURRENT ASSETS

87,795

63,664

TOTAL ASSETS LESS CURRENT LIABILITIES

93,752

71,985

CREDITORS

Amounts falling due after more than one year

4

-

(9,648

)

PROVISIONS FOR LIABILITIES

(1,191

)

(1,664

)

NET ASSETS

92,561

60,673

CAPITAL AND RESERVES

Called up share capital

5

10

10

Profit and loss account

92,551

60,663

SHAREHOLDERS' FUNDS

92,561

60,673

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 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 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 Board of Directors on 28 October 2014 and were signed on its behalf by:

M F B Cotton - 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 April 2008).

Turnover

Turnover represents sales of goods and services net of VAT and trade discounts. Turnover is

recognised when the risks and rewards of ownership of goods have been transferred to the

customer or where the value of services provided under contracts to the extent that there is a right

to consideration and is recorded at the value of the consideration due. The risks and rewards of

ownership of goods are deemed to have been transferred when the goods are shipped to, or are

picked up by, the customer. Where a service contract has only been partially completed at the

balance sheet date turnover represents the value of the service provided to date based on a

proportion of the total expected consideration at completion. Where payments are received from

customers in advance of services provided, the amounts are recorded as deferred income and

included as part of creditors due within one year.

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

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out

basis. Net realisable value represents estimated selling price less costs to complete or sell. Provision

is made for slow moving, obsolete or damaged stock where the net realisable value is less than the

cost.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date where transactions or events have occurred at that date that will result in

an obligation to pay more, or right to pay less or to receive more, tax, with the following exceptions:

A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of

all evidence, it can be regarded as likely that there will be suitable taxable profits from which the

future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on a undiscounted basis, at the tax rates that are expected to apply in the

periods in which timing differences reverse, based on tax rates and laws enacted or substantively

enacted at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

5,000

Disposals

(5,000

)

At 31 May 2014

-

AMORTISATION

At 1 June 2013

5,000

Eliminated on disposal

(5,000

)

At 31 May 2014

-

NET BOOK VALUE

At 31 May 2014

-

At 31 May 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

20,659

Additions

1,075

At 31 May 2014

21,734

DEPRECIATION

At 1 June 2013

12,338

Charge for year

3,439

At 31 May 2014

15,777

NET BOOK VALUE

At 31 May 2014

5,957

At 31 May 2013

8,321

4.

CREDITORS

Creditors include an amount of £ 8,148 (31.5.13 - £ 17,926 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

£

10

Ordinary

£1

10

10

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £38,044 were paid to the directors .

During the year M Cotton and K Watson, both directors of the company, repaid their overdrawn

directors' loans. M Cotton also advanced the company £495.

At the balance sheet date, the company owed M Cotton £495 (2013: M cotton owed the company

£8,034) and K Watson owed the company £nil (2013: £165).

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages

two to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of DISConsulting IT Limited for the year ended 31 May 2014 which

comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its

ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of DISConsulting IT Limited, as a body, in accordance

with our terms of engagement. Our work has been undertaken solely to prepare for your approval the

financial statements of DISConsulting IT Limited and state those matters that we have agreed to state to

the Board of Directors of DISConsulting IT Limited, as a body, in this report in accordance with the

requirements of the Association of Chartered Certified Accountants as detailed at

http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or

assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work

or for this report.

It is your duty to ensure that DISConsulting IT Limited has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and

profit of DISConsulting IT Limited. You consider that DISConsulting IT 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 financial statements of DISConsulting

IT 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 financial statements.

PKB UK LLP

Chartered Certified Accountants

Beechey House

87 Church Street

Crowthorne

Berkshire

RG45 7AW

28 October 2014