POLARIS_CONSULTING_(HOLDI - Accounts

POLARIS CONSULTING (HOLDINGS) LIMITED - Company Information

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Company Registration No. 07329295 (England and Wales)

POLARIS CONSULTING (HOLDINGS) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 AUGUST 2016

3 Acorn Business Centre

Northarbour Road

Cosham

Portsmouth

United Kingdom

PO6 3TH

POLARIS CONSULTING (HOLDINGS) LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

POLARIS CONSULTING (HOLDINGS) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

21,861

25,350

Investments

60,000

81,861

85,350

Current assets

Debtors

133,839

168,887

Cash at bank and in hand

11,129

20,657

144,968

189,544

Creditors: amounts falling due within one year

(143,244)

(236,802)

Net current assets/(liabilities)

1,724

(47,258)

Total assets less current liabilities

83,585

38,092

Provisions for liabilities

(4,133)

(4,778)

79,452

33,314

Capital and reserves

Called up share capital

840

Other reserves

160

Profit and loss account

78,452

32,314

Shareholders' funds

79,452

33,314

POLARIS CONSULTING (HOLDINGS) LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 AUGUST 2016

- 2 -

For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 2 March 2017

Mr D. Bangert

Mr C. Dalton

Director

Company Registration No. 07329295

POLARIS CONSULTING (HOLDINGS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

- 3 -

Accounting policies

1.1

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

10% Straight line

Fixtures & fittings

10% Straight line

1.5

Investments

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

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

POLARIS CONSULTING (HOLDINGS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2016

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 September 2015 & at 31 August 2016

34,884

60,000

94,884

Depreciation

At 1 September 2015

9,534

Charge for the year

3,489

At 31 August 2016

13,023

Net book value

At 31 August 2016

21,861

60,000

81,861

At 31 August 2015

25,350

60,000

85,350

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

incorporation

Subsidiary undertakings

Polaris Consulting Limited

England and Wales

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Polaris Consulting Limited

Provision of technical services in operational analysis, cost analysis and cost-effective analysis

67,126

274,631

POLARIS CONSULTING (HOLDINGS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2016

- 5 -

Share capital

2016

2015

Allotted, called up and fully paid

0 Ordinary shares of £1 each

840

256 Ordinary A shares of £1 each

256

385 Ordinary B shares of £1 each

385

72 Ordinary C shares of £1 each

43 Ordinary D shares of £1 each

84 Ordinary E of £1 each

840

During the year 840 ordinary shares were converted into 256 ordinary A shares, 385 ordinary B shares, 72 ordinary C shares, 43 ordinary D shares and 84 ordinary E shares.