Ferrar Consulting Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07712896 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Ferrar Consulting Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P T Ferrar

Mrs J Ferrar

REGISTERED OFFICE:

130 Bournemouth Road

Chandlers Ford

Eastleigh

Hampshire

SO53 3AL

REGISTERED NUMBER:

07712896 (England and Wales)

ACCOUNTANTS:

CBM Accountants Limited

130 Bournemouth Road

Chandler's Ford

Eastleigh

Hampshire

SO53 3AL

FIXED ASSETS

Tangible assets

4

748

1,885

CURRENT ASSETS

Debtors

5

18,222

4,624

Cash at bank

19,145

10,683

37,367

15,307

CREDITORS

Amounts falling due within one year

6

37,783

8,543

NET CURRENT (LIABILITIES)/ASSETS

(416

)

6,764

TOTAL ASSETS LESS CURRENT LIABILITIES

332

8,649

PROVISIONS FOR LIABILITIES

37

37

NET ASSETS

295

8,612

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

195

8,512

SHAREHOLDERS' FUNDS

295

8,612

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 31 August 2017 and were signed on its behalf by:

Mr P T Ferrar - Director

Mrs J Ferrar - Director

1.	STATUTORY INFORMATION

Ferrar Consulting Ltd 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.

Office equipment

-

25% 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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 January 2016

and 31 December 2016

4,548

DEPRECIATION

At 1 January 2016

2,663

Charge for year

1,137

At 31 December 2016

3,800

NET BOOK VALUE

At 31 December 2016

748

At 31 December 2015

1,885

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

-

9

Other debtors

18,222

4,615

18,222

4,624

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

622

1,598

Taxation and social security

11,324

6,623

Other creditors

25,837

322

37,783

8,543

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 January 2016

8,512

Profit for the year

25,683

Dividends

(34,000

)

At 31 December 2016

195

9.	FIRST YEAR ADOPTION

The Company has transitioned to FRS 102 from previously being prepared under the historical cost

convention and in accordance with the Financial Reporting Standards for Smaller Entities (effective

from 1st January 2015) as at 1st January 2016.