Chester Ferguson Consulting Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06909070 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 JUNE 2015 TO 30 NOVEMBER 2016

FOR

CHESTER FERGUSON CONSULTING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTOR:

R Ward

SECRETARY:

R Ward

REGISTERED OFFICE:

The Coach House

Witcombe Court

Little Witcombe

Gloucestershire

GL3 4UA

REGISTERED NUMBER:

06909070 (England and Wales)

ACCOUNTANTS:

Andorran Limited

6 Manor Park Business Centre

Mackenzie Way

Cheltenham

Gloucestershire

GL51 9TX

CURRENT ASSETS

Debtors

2

40,000

-

Cash in hand

1

1

40,001

1

CREDITORS

Amounts falling due within one year

3

(28,618

)

(24,750

)

NET CURRENT ASSETS/(LIABILITIES)

11,383

(24,749

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,383

(24,749

)

CAPITAL AND RESERVES

Called up share capital

5

1

1

Profit and loss account

11,382

(24,750

)

SHAREHOLDERS' FUNDS

11,383

(24,749

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 18 August 2017 and were signed by:

R Ward - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At the start of the year the company had net liabilities and net current liabilities. However it traded at a

profit during this period. The majority of the balance of unsecured creditors of the company is money

owed to the sole director and company secretary, who is also the ultimate controlling party of the

parent company.

The director has considered the funding needed by the company for the twelve months from the date

of approval of these financial statements and has agreed that he will not withdraw his support to the

detriment of other unsecured creditors.

As a result the financial statements have been prepared on the basis that the company is a going

concern.

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.

2.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.16

31.5.15

£

£

Trade debtors

40,000

-

3.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.16

31.5.15

£

£

Bank loans and overdrafts

63

-

Tax

2,845

-

Other creditors

-

12,000

Directors' current accounts

24,750

12,750

Accrued expenses

960

-

28,618

24,750

4.

LOANS

An analysis of the maturity of loans is given below:

30.11.16

31.5.15

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

63

-

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

31.5.15

value:

£

£

1

Ordinary

£1

1

1

6.	ULTIMATE PARENT COMPANY

Chester Ferguson Investments Limited is regarded by the director as being the company's ultimate

parent company.

7.	RELATED PARTY DISCLOSURES

R Ward

Ultimate controlling party, sole director and Company Secretary

Mr Ward has provided working capital funding to the company. No terms of interest or repayment

have been agreed; the advance is unsecured and remains repayable on demand.

30.11.16

31.5.15

£

£

Amount due to related party at the balance sheet date

24,750

12,750

Bank House Investment Management Limited

Company associated through common control

Bank House Investment Management Limited had provided working capital funding to the company.

No terms of interest or repayment were agreed; the advance was unsecured and was repaid during the

year by transfer to director's loan account.

30.11.16

31.5.15

£

£

Amount due to related party at the balance sheet date

-

12,000

8.	ULTIMATE CONTROLLING PARTY

R Ward is considered to be the ultimate controlling party by virtue of being the sole director and

shareholder of the ultimate parent company, Chester Ferguson Investments Limited.

The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Profit and Loss

Account and certain other primary statements and the Report of the Director 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 Chester Ferguson Consulting Limited for the period ended 30 November 2016

which comprise the Profit and Loss Account, the Balance Sheet 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 director of Chester Ferguson Consulting Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chester Ferguson Consulting Limited and state those matters that we have agreed to state to the director of Chester Ferguson Consulting Limited 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 Chester Ferguson Consulting Limited director for our work or for this report.

It is your duty to ensure that Chester Ferguson Consulting 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 Chester Ferguson Consulting Limited. You consider that Chester Ferguson Consulting Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Chester Ferguson Consulting 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.

Andorran Limited

6 Manor Park Business Centre

Mackenzie Way

Cheltenham

Gloucestershire

GL51 9TX

Date: .............................................