Frame Consulting Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 09591589 (England and Wales)

FRAME CONSULTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs K Barron

M W P Jackson

REGISTERED OFFICE:

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

SK8 3TD

REGISTERED NUMBER:

09591589 (England and Wales)

ACCOUNTANTS:

Clarke Nicklin LLP

Chartered Accountants

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

FIXED ASSETS

Tangible assets

4

9,909

2,029

CURRENT ASSETS

Debtors

5

47,040

17,656

Cash at bank and in hand

796

23,050

47,836

40,706

CREDITORS

Amounts falling due within one year

6

54,604

48,079

NET CURRENT LIABILITIES

(6,768

)

(7,373

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,141

(5,344

)

PROVISIONS FOR LIABILITIES

7

1,982

-

NET ASSETS/(LIABILITIES)

1,159

(5,344

)

CAPITAL AND RESERVES

Called up share capital

8

200

200

Retained earnings

959

(5,544

)

SHAREHOLDERS' FUNDS

1,159

(5,344

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 26 June 2017 and were signed on its behalf by:

Mrs K Barron - Director

1.	STATUTORY INFORMATION

Frame Consulting 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

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

-

15% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2016

-

2,430

2,430

Additions

9,881

874

10,755

At 31 December 2016

9,881

3,304

13,185

DEPRECIATION

At 1 January 2016

-

401

401

Charge for year

1,482

1,393

2,875

At 31 December 2016

1,482

1,794

3,276

NET BOOK VALUE

At 31 December 2016

8,399

1,510

9,909

At 31 December 2015

-

2,029

2,029

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

13,040

13,261

Amounts recoverable on contract

34,000

-

Other debtors

-

4,395

47,040

17,656

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

3,552

-

Trade creditors

5,399

4,248

Taxation and social security

26,198

18,331

Other creditors

19,455

25,500

54,604

48,079

7.	PROVISIONS FOR LIABILITIES

2016

2015

£

£

Deferred tax

1,982

-

Deferred

tax

£

Charge to Income Statement during year

1,982

Balance at 31 December 2016

1,982

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary A

£1

100

100

100

Ordinary B

£1

100

100

200

200

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2016

and the period ended 31 December 2015:

2016

2015

£

£

Mrs K Barron

Balance outstanding at start of year

3,650

-

Amounts advanced

-

3,650

Amounts repaid

(3,650

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

3,650

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £53,496 (2015 - £31,206) were paid to the directors .

During the period, the company repaid funds to Jared James Associates totalilng £8,000.

The balance owed to Jared James Associates at the balance sheet date was £15,000 (2015: £23,000).

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs K Barron.