People First Consultancy Limited - Accounts to registrar - small 16.3d

People First Consultancy Limited - Accounts to registrar - small 16.3d

PEOPLE FIRST CONSULTANCY LIMITED - Company Information

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REGISTERED NUMBER: 03801240 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2016

FOR

PEOPLE FIRST CONSULTANCY LIMITED

PEOPLE FIRST CONSULTANCY LIMITED (REGISTERED NUMBER: 03801240)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2016










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PEOPLE FIRST CONSULTANCY LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2016







DIRECTOR: Mrs L V Watkinson-Smith





REGISTERED OFFICE: 2 Park Court
Pyrford Road
West Byfleet
Surrey
KT14 6SD





REGISTERED NUMBER: 03801240 (England and Wales)





ACCOUNTANTS: Pesters
2 Park Court
Pyrford Road
West Byfleet
Surrey
KT14 6SD
Page 1
PEOPLE FIRST CONSULTANCY LIMITED (REGISTERED NUMBER: 03801240)

BALANCE SHEET
31 July 2016

31.7.16 31.7.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 909 1,003

CURRENT ASSETS
Debtors 3 16,346 19,938
Cash at bank 45,833 26,700
62,179 46,638
CREDITORS
Amounts falling due within one year 4 12,513 10,257
NET CURRENT ASSETS 49,666 36,381
TOTAL ASSETS LESS CURRENT
LIABILITIES
50,575
37,384

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 6 50,475 37,284
SHAREHOLDERS' FUNDS 50,575 37,384

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act
2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394
and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 2 March 2017 and were signed by:





Mrs L V Watkinson-Smith - Director


The notes form part of these financial statements

Page 2
PEOPLE FIRST CONSULTANCY LIMITED (REGISTERED NUMBER: 03801240)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2016


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2015 8,671
Additions 200
At 31 July 2016 8,871
DEPRECIATION
At 1 August 2015 7,668
Charge for year 294
At 31 July 2016 7,962
NET BOOK VALUE
At 31 July 2016 909
At 31 July 2015 1,003

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.16 31.7.15
£    £   
Trade debtors 15,986 19,631
Other debtors 360 307
16,346 19,938

Page 3 continued...
PEOPLE FIRST CONSULTANCY LIMITED (REGISTERED NUMBER: 03801240)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2016


4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.16 31.7.15
£    £   
Trade creditors 358 287
Taxation and social security 5,887 3,670
Other creditors 6,268 6,300
12,513 10,257

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.16 31.7.15
value: £    £   
100 Ordinary £1 100 100

6. RESERVES
Retained
earnings
£   

At 1 August 2015 37,284
Profit for the year 13,191
At 31 July 2016 50,475

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director made a loan to the company of £6,268 (2015 - £5,441) This loan is interest free and
repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs L V Watkinson-Smith.

9. TRANSITION TO FRS 102

This is the first year that the company has presented its results under FRS102. The last financial statements under
UK GAAP were for the year ended 31st July 2015. The date of transition to FRS 102 was 1st August 2015. This
has not affected its reported financial position and financial performance.

Page 4