School Of Health And Safety Limited - Period Ending 2016-05-31

Registration number: 08053086

School Of Health And Safety Limited

and Unaudited Abbreviated Accounts

for the Year Ended 31 May 2016
 

School Of Health And Safety 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 Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
School Of Health And Safety 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 School Of Health And Safety 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.

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://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of School Of Health And Safety 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 School Of Health And Safety Limited and state those matters that we have agreed to state to them, 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/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than School Of Health And Safety Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that School Of Health And Safety 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 loss of School Of Health And Safety Limited. You consider that School Of Health And Safety 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 School Of Health And Safety 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.

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

TyneRede Accountancy Ltd
Chartered Certified Accountant
Station House
Station Yard
Bellingham
Hexham
Northumberland
NE48 2DG

9 January 2017

Page 1

School Of Health And Safety Limited
(Registration number: 08053086)
Abbreviated Balance Sheet at 31 May 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					1,570			1,727
Current assets
Stocks					215			210
Debtors					1,010			1,364
Cash at bank and in hand					2,680			2,027
					3,905			3,601
Creditors: Amounts falling due within one year					(9,021)			(8,038)
Net current liabilities					(5,116)			(4,437)
Net liabilities					(3,546)			(2,710)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(3,646)			(2,810)
Shareholders' deficit					(3,546)			(2,710)

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 9 January 2017

.........................................
R Johnstone
Director

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

School Of Health And Safety 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).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Going concern

The company has a deficit of £3,546 on the balance sheet and made a loss of £836 for the period. The director recognises that the company is still in the start-up phase and with future growth will trade out of its current difficulties. The director feels it is appropriate that the financial statements have been prepared on a going concern basis.

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
Equipment	15% reducing balance basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

School Of Health And Safety Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2015		2,841			2,841
Additions		119			119
At 31 May 2016		2,960			2,960
Depreciation
At 1 June 2015		1,114			1,114
Charge for the year		276			276
At 31 May 2016		1,390			1,390
Net book value
At 31 May 2016		1,570			1,570
At 31 May 2015		1,727			1,727

3	Share capital

Allotted, called up and fully paid shares

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

4	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
R Johnstone
	(7,752)	-	(7,528)	-

Page 4