ERUDITE CONSULTANTS LTD - Abbreviated accounts 16.3

REGISTERED NUMBER: 04869215 (England and Wales)

ERUDITE CONSULTANTS LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

31ST AUGUST 2016

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Tangible assets

2

1,160

1,547

CURRENT ASSETS

Debtors

5,738

10,701

Cash at bank and in hand

7,620

13,770

13,358

24,471

CREDITORS

Amounts falling due within one year

(11,854

)

(24,794

)

NET CURRENT ASSETS/(LIABILITIES)

1,504

(323

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,664

1,224

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

2,663

1,223

SHAREHOLDERS' FUNDS

2,664

1,224

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

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

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 10th April 2017 and were signed by:

Nileshkumar Ramesh Desai - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

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.

Fixtures and fittings

-

25% on reducing balance

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2015

and 31st August 2016

10,598

DEPRECIATION

At 1st September 2015

9,051

Charge for year

387

At 31st August 2016

9,438

NET BOOK VALUE

At 31st August 2016

1,160

At 31st August 2015

1,547

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1