Finance Training and Consulting Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08218889 (England and Wales)

FINANCE TRAINING AND CONSULTING LIMITED

Abbreviated Accounts for the Year Ended 31 October 2016

Page

Abbreviated Balance Sheet

1

to

2

Notes to the Abbreviated Accounts

3

to

4

FIXED ASSETS

Tangible assets

2

52

70

Investments

3

4,706

-

4,758

70

CURRENT ASSETS

Debtors

11,745

6,960

Cash at bank

50,478

21,150

62,223

28,110

CREDITORS

Amounts falling due within one year

33,771

14,855

NET CURRENT ASSETS

28,452

13,255

TOTAL ASSETS LESS CURRENT
LIABILITIES

33,210

13,325

CAPITAL AND RESERVES

Share capital

4

100

Profit and loss account

33,110

13,225

SHAREHOLDERS' FUNDS

33,210

13,325

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 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 Board of Directors on 13 July 2017 and were signed on its
behalf by:

Miss S J Davison - 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

Deferred tax

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

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

163

DEPRECIATION

At 1 November 2015

93

Charge for year

18

At 31 October 2016

111

NET BOOK VALUE

At 31 October 2016

52

At 31 October 2015

70

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

12,500

Impairments

(7,794

)

At 31 October 2016

4,706

NET BOOK VALUE

At 31 October 2016

4,706

4.	SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

50

Ordinary

£1

50

Ordinary A

£1

50

100