John Russell Packaging Consultancy Ltd - Period Ending 2016-08-31

Registration number: 05460207

John Russell Packaging Consultancy Ltd
 
  Unaudited Abbreviated Accounts
 
  for the Year Ended 31 August 2016
 

Wilds Ltd
Chartered Accountants
Lancaster House
70-76 Blackburn Street
Radcliffe
Manchester
M26 2JW

John Russell Packaging Consultancy Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

John Russell Packaging Consultancy Ltd
(Registration number: 05460207)
Abbreviated Balance Sheet at 31 August 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			42			84
Current assets
Debtors					12,380			12,116
Cash at bank and in hand					59,288			69,690
					71,668			81,806
Creditors: Amounts falling due within one year					(27,403)			(26,878)
Net current assets					44,265			54,928
Net assets					44,307			55,012
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					44,207			54,912
Shareholders' funds					44,307			55,012

For the year ending 31 August 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Approved by the director on 10 January 2017

......................................... Mr J Russell Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

John Russell Packaging Consultancy Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 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).

Going concern

The director considers that the use of the going concern basis of accounting is appropriate because there are no material uncertainties relating to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover

The turnover shown in the profit and loss account represents amounts receivable for goods and services provided during the year, exclusive of Value Added Tax.

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

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.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2015		2,375			2,375
At 31 August 2016		2,375			2,375
Depreciation
At 1 September 2015		2,291			2,291
Charge for the year		42			42
At 31 August 2016		2,333			2,333
Net book value
At 31 August 2016		42			42
At 31 August 2015		84			84

Page 2

John Russell Packaging Consultancy Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

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

Page 3