DBB Consulting Limited - Period Ending 2016-10-31

Registration number: 04925676

DBB Consulting Limited

Annual Report and Abbreviated Accounts

for the Year Ended 31 October 2016
 

Harney & Co Limited
Chartered Certified Accountants
21 Market Place
Blandford Forum
Dorset
DT11 7AF

DBB Consulting Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

DBB Consulting Limited
(Registration number: 04925676)
Abbreviated Balance Sheet at 31 October 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					1,273			1,183
Investments					1			2
					1,274			1,185
Current assets
Debtors					37,373			12,436
Cash at bank and in hand					21,079			5,156
					58,452			17,592
Creditors: Amounts falling due within one year					(33,892)			(16,803)
Net current assets					24,560			789
Total assets less current liabilities					25,834			1,974
Provisions for liabilities					(254)			(238)
Net assets					25,580			1,736
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					25,480			1,636
Shareholders' funds					25,580			1,736

For the year ending 31 October 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 25 May 2017 and signed on its behalf by:

.........................................
Mr S J Pettitt
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

DBB Consulting Limited
(Registration number: 04925676)
Abbreviated Balance Sheet at 31 October 2016
......... continued

.........................................
Mrs F J C Pettitt
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

DBB Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

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
Office eqeuipment	25% on reducing balance

Fixed asset investments

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

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

DBB Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 November 2015		2,229			2			2,231
Additions		515			-			515
Disposals		-			(1)			(1)
At 31 October 2016		2,744			1			2,745
Depreciation
At 1 November 2015		1,046			-			1,046
Charge for the year		425			-			425
At 31 October 2016		1,471			-			1,471
Net book value
At 31 October 2016		1,273			1			1,274
At 31 October 2015		1,183			2			1,185

3	Share capital

Allotted, called up and fully paid shares

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

4	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mr S J Pettitt
The following transactions subsisted during the year. Interest was charged on the overdrawn balance at the official rate and is shown within the profit and loss account.	67,422	54,858	28,413	25,872
Mrs F J C Pettitt

Page 4

DBB Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued

The following transactions subsisted during the year. Interest was charged on the overdrawn balance at the official rate and is shown within the profit and loss account.	67,422	54,858	28,413	25,872

Page 5