1st Option Consulting Services Limited - Accounts to registrar - small 17.2
1st Option Consulting Services Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016 |
| FOR |
| 1ST OPTION CONSULTING SERVICES LIMITED |
| TRADING AS |
| 1ST OPTION |
| 1ST OPTION CONSULTING SERVICES LIMITED (REGISTERED NUMBER: 03186435) |
| TRADING AS 1ST OPTION |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| For The Year Ended 31 December 2016 |
| Page |
| Company Information | 1 |
| Income Statement | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 5 |
| 1ST OPTION CONSULTING SERVICES LIMITED |
| TRADING AS 1ST OPTION |
| COMPANY INFORMATION |
| For The Year Ended 31 December 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 1st Group |
| Bow Court |
| Coventry |
| CV5 6SP |
| 1ST OPTION CONSULTING SERVICES LIMITED (REGISTERED NUMBER: 03186435) |
| TRADING AS 1ST OPTION |
| INCOME STATEMENT |
| For The Year Ended 31 December 2016 |
| 31.12.16 | 31.12.15 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| OPERATING PROFIT |
| Interest receivable and similar income |
| 300,638 | 176,962 |
| Interest payable and similar expenses |
| PROFIT BEFORE TAXATION | 4 |
| Tax on profit |
| PROFIT FOR THE FINANCIAL YEAR |
| 1ST OPTION CONSULTING SERVICES LIMITED (REGISTERED NUMBER: 03186435) |
| TRADING AS 1ST OPTION |
| BALANCE SHEET |
| 31 December 2016 |
| 31.12.16 | 31.12.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 1ST OPTION CONSULTING SERVICES LIMITED (REGISTERED NUMBER: 03186435) |
| TRADING AS 1ST OPTION |
| BALANCE SHEET - continued |
| 31 December 2016 |
| The financial statements were approved by the Board of Directors on |
| 1ST OPTION CONSULTING SERVICES LIMITED (REGISTERED NUMBER: 03186435) |
| TRADING AS 1ST OPTION |
| NOTES TO THE FINANCIAL STATEMENTS |
| For The Year Ended 31 December 2016 |
| 1. | STATUTORY INFORMATION |
| 1st Option Consulting Services Limited is a |
| 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 |
| Turnover |
| Turnover represents the net invoiced sales of services, excluding value added tax, and after adjustment for the movement |
| in work in progress. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Website & Computer equipment | - |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing |
| stocks to their present location and condition. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| 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 |
| 4. | PROFIT BEFORE TAXATION |
| The profit is stated after charging: |
| 31.12.16 | 31.12.15 |
| £ | £ |
| Depreciation - owned assets |
| 1ST OPTION CONSULTING SERVICES LIMITED (REGISTERED NUMBER: 03186435) |
| TRADING AS 1ST OPTION |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31 December 2016 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures | Website & |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2016 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 December 2016 |
| DEPRECIATION |
| At 1 January 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 December 2016 |
| NET BOOK VALUE |
| At 31 December 2016 |
| At 31 December 2015 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.16 | 31.12.15 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Amounts owed by associates |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.16 | 31.12.15 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |