NMR Consultancy Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 07970800 (England and Wales)

NMR CONSULTANCY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

N M Anderson

A Jennings

J Thomson

A Buchanan

REGISTERED OFFICE:

5 Cornfield Terrace

Eastbourne

East Sussex

BN21 4NN

REGISTERED NUMBER:

07970800 (England and Wales)

ACCOUNTANTS:

Breeze & Associates Ltd.

Chartered Accountants

5 Cornfield Terrace

Eastbourne

East Sussex

BN21 4NN

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only

required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of NMR Consultancy Limited for the year ended 28 February 2017 which comprise the Income

Statement, Statement of Financial Position and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of NMR Consultancy Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of NMR Consultancy Limited and state those matters that we have agreed to state to the Board of Directors of NMR Consultancy Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NMR Consultancy Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that NMR Consultancy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of NMR Consultancy Limited. You consider that NMR Consultancy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of NMR Consultancy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Breeze & Associates Ltd.

Chartered Accountants

5 Cornfield Terrace

Eastbourne

East Sussex

BN21 4NN

8 May 2017

FIXED ASSETS

Tangible assets

5

14,301

14,648

CURRENT ASSETS

Debtors

6

474,884

569,014

Cash at bank and in hand

828,632

821,452

1,303,516

1,390,466

CREDITORS

Amounts falling due within one year

7

933,261

1,054,752

NET CURRENT ASSETS

370,255

335,714

TOTAL ASSETS LESS CURRENT LIABILITIES

384,556

350,362

PROVISIONS FOR LIABILITIES

1,294

963

NET ASSETS

383,262

349,399

CAPITAL AND RESERVES

Called up share capital

162

100

Share premium

8

3,938

-

Fair value reserve

8

2,470

-

Retained earnings

8

376,692

349,299

SHAREHOLDERS' FUNDS

383,262

349,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8 May 2017 and were signed on its behalf by:

J Thomson - Director

1.	STATUTORY INFORMATION

NMR Consultancy Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. NMR Consultancy Limited is a limited company incorporated in England. The addresses of its registered office and principal place of business are disclosed in the company information.

The financial statements are presented in Sterling, which is also the functional currency of the Company.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

No significant judgements have had to be made by the directors in preparing these financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts

receivable services rendered, stated net of discounts and of Value Added Tax. When the consideration

receivable in cash or cash equivalents is deferred, and the arrangement constitutes in effect a financing

transaction, the fair value of the consideration is measured as the present value of all future receipts

determined using an imputed rate of interest, normally the rate that discounts the nominal amount of

consideration to the cash sales price.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable

that future economic benefits will flow to the entity and when specific criteria have been met for each of the

company's activities of the actual completion of a proportion of the total services to be rendered.

When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to

the extent of the recoverable expenses recognised.

Tangible fixed assets

Fixed assets are stated at cost less accumulated depreciation.

Fixtures and fittings

- 25% on reducing balance

Short leasehold

- Over the term of the lease

At each reporting date fixed assets are reviewed to determine whether there is an indication that an asset

may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or

group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and

compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is

reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Government grants

Government grants are recognised when it is reasonable to expect that the grants will be received and that all

related conditions will be met, usually on submission of a valid claim for payment. Government grants in

respect of capital expenditure are credited to a deferred income account and are released to profit over the

expected useful lives of the relevant assets by equal annual installments. Grants of a revenue nature are

credited to income so as to match them with the expenditure to which they relate.

Taxation

Taxation represents the sum of the tax currently payable and deferred tax.

The company's liability to tax is calculated using the tax rates that have been enacted or substantively enacted

by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of the assets and liabilities

in the financial statements and the corresponding tax bases used in the computation of taxable profit.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period to

which the liability is settled or the asset realised, based on tax rates and laws that have been enacted or

substantively enacted by the end of the reporting period.

Foreign currencies

At the end of each reporting period foreign currency monetary items are translated at the closing rate of

exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date

of the transaction. All differences are charged to profit or loss.

Equity-settled transactions

The cost of equity-settled transactions with employees is measured by reference to the fair value of the equity

instruments granted at the date at which they are granted and is recognised as an expense over the vesting

period, which ends on the date on which the relevant employees become fully entitled to the award. Fair value

is determined by an external valuer using an appropriate pricing model.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 .

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

leasehold

fittings

Totals

£

£

£

COST

At 29 February 2016

10,000

6,421

16,421

Additions

-

3,817

3,817

At 28 February 2017

10,000

10,238

20,238

DEPRECIATION

At 29 February 2016

167

1,606

1,773

Charge for year

2,000

2,164

4,164

At 28 February 2017

2,167

3,770

5,937

NET BOOK VALUE

At 28 February 2017

7,833

6,468

14,301

At 28 February 2016

9,833

4,815

14,648

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

246,669

520,002

Amounts recoverable on contracts

74,225

35,535

Other debtors

153,990

13,477

474,884

569,014

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

249,281

723,624

Taxation and social security

67,401

150,785

Other creditors

616,579

180,343

933,261

1,054,752

8.

RESERVES

Fair

Retained

Share

value

earnings

premium

reserve

Totals

£

£

£

£

At 29 February 2016

349,299

-

-

349,299

Profit for the year

258,260

258,260

Dividends

(230,867

)

(230,867

)

Grant of options

-

-

2,470

2,470

Issue of shares

-

3,938

-

3,938

At 28 February 2017

376,692

3,938

2,470

383,100

The fair value reserve represents the fair value of share options granted during the year.

9.	OTHER FINANCIAL COMMITMENTS

At 28 February 2017 the company had total commitments under non-cancellable operating leases over the

remaining life of those leases of £103,333 (2016 - £123,333)

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the director Mr A Jennings received an advance of £5,232. The balance at the year end due

from Mr A Jennings was £5,232 (2016 - £3,932).

During the year the director Mr N Anderson received an advance of £1,300. The balance at the year end due

from Mr N Anderson was £1,300 (2016 - £nil).

11.	TRANSITION TO FRS102

This is the first year in which the financial statements have been prepared under FRS102. There have been no

transitional adjustments made on adoption of the new standard.