POSTFORD_CONSULTING_LIMIT - Accounts

POSTFORD CONSULTING LIMITED - Company Information

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Company Registration No. 07639366 (England and Wales)

POSTFORD CONSULTING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2016

POSTFORD CONSULTING LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

POSTFORD CONSULTING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

8,817

6,484

Current assets

Stocks

2,250

800

Debtors

60,404

25,965

Cash at bank and in hand

11,852

25,222

74,506

51,987

Creditors: amounts falling due within one year

(23,150)

(33,064)

Net current assets

51,356

18,923

Total assets less current liabilities

60,173

25,407

Creditors: amounts falling due after more than one year

(1,530)

Provisions for liabilities

(1,570)

(744)

57,073

24,663

Capital and reserves

Called up share capital

100

Profit and loss account

56,973

24,563

Shareholders' funds

57,073

24,663

POSTFORD CONSULTING LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT 31 MAY 2016

- 2 -

For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 18 October 2016

C M A Botting

Director

Company Registration No. 07639366

POSTFORD CONSULTING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% straight line

Fixtures, fittings & equipment

20% straight line

Motor vehicles

20% & 50% straight line

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

1.6

Stock

Stock is valued at the lower of cost and net realisable value and based on the directors' estimate.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

POSTFORD CONSULTING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2016

- 4 -

Fixed assets

Tangible assets

Cost

At 1 June 2015

18,349

Additions

6,462

At 31 May 2016

24,811

Depreciation

At 1 June 2015

11,865

Charge for the year

4,129

At 31 May 2016

15,994

Net book value

At 31 May 2016

8,817

At 31 May 2015

6,484

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Control

The ultimate controlling party is the director, C M A Botting.

Related party relationships and transactions

Advances and credits to directors

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

C M A Botting - Loan

7,887

6,700

1,232

L M Botting - Loan

7,887

6,699

1,232

15,774

13,399

2,464

The maximum overdrawn in the period was £3,864 (2015: £6,792).