Abbreviated Company Accounts - BRANDFORMULA CONSULTING LIMITED

BRANDFORMULA INSIGHT & CONSULTING LIMITED - Company Information

Registered Number 08827463

BRANDFORMULA CONSULTING LIMITED

Abbreviated Accounts

31 May 2016

BRANDFORMULA CONSULTING LIMITED Registered Number 08827463

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,114	-
		1,114	-
Current assets
Debtors		111,676	108,147
Cash at bank and in hand		30,451	86,539
		142,127	194,686
Creditors: amounts falling due within one year		(142,131)	(194,387)
Net current assets (liabilities)		(4)	299
Total assets less current liabilities		1,110	299
Total net assets (liabilities)		1,110	299
Capital and reserves
Called up share capital		200	200
Profit and loss account		910	99
Shareholders' funds		1,110	299

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 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 28 February 2017

And signed on their behalf by:
Mark Huxley, Director

BRANDFORMULA CONSULTING LIMITED Registered Number 08827463

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
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

Other accounting policies
Other related party transactions
During the year the company made the following related party transactions:

Antoine Guerin (Director)
The company paid dividends of £97,000 during the period to Antoine Guerin, who is a director of the company.
At the balance sheet date the amount due from Antoine Guerin was £19,178 (2015 - £46,785).

WHJE Limited (Parent company)
Brandformula Consulting Limited paid management fees totalling £33,390 to WHJE Limited during the period. At the balance sheet date the amount due to WHJE Limited was £102,868 (2015 - £157,876).

2Tangible fixed assets

	£
Cost
At 1 June 2015	0
Additions	1,188
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	1,188
Depreciation
At 1 June 2015	-
Charge for the year	74
On disposals	-
At 31 May 2016	74
Net book values
At 31 May 2016	1,114
At 31 May 2015	0