Janus Business Consulting Limited - Period Ending 2016-10-31

Registration number: 04450807

Janus Business Consulting Limited

Unaudited Abbreviated Accounts

for the Period from 1 June 2015 to 31 October 2016

 

Janus Business Consulting Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Janus Business Consulting Limited
(Registration number: 04450807)
Abbreviated Balance Sheet at 31 October 2016

		Note			31 October 2016 £			31 May 2015 £
Fixed assets
Tangible fixed assets					846			1,310
Investments					464,164			464,164
					465,010			465,474
Current assets
Debtors					104,244			18,609
Cash at bank and in hand					2,899			2,019
					107,143			20,628
Creditors: Amounts falling due within one year					(879,520)			(664,874)
Net current liabilities					(772,377)			(644,246)
Net liabilities					(307,367)			(178,772)
Capital and reserves
Called up share capital		3			100			100
Revaluation reserve					(58,492)			(58,492)
Profit and loss account					(248,975)			(120,380)
Shareholders' deficit					(307,367)			(178,772)

For the year ending 31 October 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 directors acknowledge their 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 Board on 23 February 2017 and signed on its behalf by:

.........................................
Mr J Barden
Director

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

Janus Business Consulting Limited
Notes to the Abbreviated Accounts for the Period from 1 June 2015 to 31 October 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 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
Office equipment	25% reducing balance

Investment properties

In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the company's property is held for long term investment and is included in the Balance Sheet at its open market value, as determined by the directors. The surpluses or deficits on revaluations are transferred to the investment property revaluation reserve except where a deficit is deemed to represent a diminution in value, in which case it is charged to the profit and loss account. Depreciation is not provided in respect of freehold investment property. This policy represents a departure from statutory accounting policies, which require depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the accounts may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic depreciation. Depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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Janus Business Consulting Limited
Notes to the Abbreviated Accounts for the Period from 1 June 2015 to 31 October 2016
......... continued

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 £			Investments £			Total £
Cost
At 1 June 2015		9,599			464,164			473,763
At 31 October 2016		9,599			464,164			473,763
Depreciation
At 1 June 2015		8,289			-			8,289
Charge for the period		464			-			464
At 31 October 2016		8,753			-			8,753
Net book value
At 31 October 2016		846			464,164			465,010
At 31 May 2015		1,310			464,164			465,474

3	Share capital

Allotted, called up and fully paid shares

	31 October 2016						31 May 2015
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

4

Control

In the opinion of the directors, there is no one controlling party.

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