Tim Campbell Consultancy Limited - Period Ending 2016-08-31

Registration number: 08661943

Tim Campbell Consultancy Limited

Unaudited Abbreviated Accounts
 
for the Year Ended 31 August 2016

Tim Campbell Consultancy Limited
 

Contents

Abbreviated Balance Sheet	1 to 2
Notes to the Abbreviated Accounts	3 to 4

Tim Campbell Consultancy Limited
 

(Registration number: 08661943)
Abbreviated Balance Sheet as at 31 August 2016

	Note	2016  £	2015  £
Fixed assets
Tangible assets	2	2,305	1,971
Current assets
Stocks		1,320	-
Debtors		1,849	146
Cash at bank and in hand		16,657	14,431
		19,826	14,577
Creditors: Amounts falling due within one year		(8,063)	(14,474)
Net current assets		11,763	103
Total assets less current liabilities		14,068	2,074
Provisions for liabilities		(461)	(394)
Accruals and deferred income		(627)	(469)
Net assets		12,980	1,211
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		12,880	1,111
Shareholders funds		12,980	1,211

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 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 8 March 2017 and signed on its behalf by:

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Tim Campbell Consultancy Limited
 

(Registration number: 08661943)
Abbreviated Balance Sheet as at 31 August 2016

.........................................
T R Campbell
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Tim Campbell Consultancy Limited
 

Notes to the Abbreviated Accounts

1	Accounting policies

Turnover

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

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

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
Plant and machinery etc	25% on reducing balance

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

A provision is recognised when there is a legal or constructive obligation as a result of a past event and it is probable that an outflow of economic benefits will be required to settle the obligation.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 3

Tim Campbell Consultancy Limited
 

Notes to the Abbreviated Accounts

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 September 2015	3,274	3,274
Additions	1,102	1,102
At 31 August 2016	4,376	4,376
Depreciation
At 1 September 2015	1,303	1,303
Charge for the year	768	768
At 31 August 2016	2,071	2,071
Net book value
At 31 August 2016	2,305	2,305
At 31 August 2015	1,971	1,971

3	Share capital

Allotted, called up and fully paid shares

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

Page 4