101 Consultants Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 09640851 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017

FOR

101 CONSULTANTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S D J Flynn

N Nichols

REGISTERED OFFICE:

13 Kenwyn Road

London

SW4 7LJ

REGISTERED NUMBER:

09640851 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Tangible assets

4

11,630

1,911

CURRENT ASSETS

Debtors

5

64,310

19,357

Cash at bank

96,224

54,604

160,534

73,961

CREDITORS

Amounts falling due within one year

6

57,680

43,968

NET CURRENT ASSETS

102,854

29,993

TOTAL ASSETS LESS CURRENT LIABILITIES

114,484

31,904

CREDITORS

Amounts falling due after more than one year

7

8,096

-

NET ASSETS

106,388

31,904

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

106,288

31,804

SHAREHOLDERS' FUNDS

106,388

31,904

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 14 September 2017 and were signed on its behalf by:

S D J Flynn - Director

1.	STATUTORY INFORMATION

101 Consultants 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 fair value of the consideration received or receivable for services

provided, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

50% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the

balance sheet. Those held under hire purchase contracts are depreciated over their

estimated useful lives. Those held under finance leases are depreciated over their

estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period.

The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2016

529

-

3,600

4,129

Additions

2,540

16,848

4,242

23,630

Disposals

-

(7,898

)

-

(7,898

)

At 30 June 2017

3,069

8,950

7,842

19,861

DEPRECIATION

At 1 July 2016

106

-

2,112

2,218

Charge for year

614

1,790

3,609

6,013

At 30 June 2017

720

1,790

5,721

8,231

NET BOOK VALUE

At 30 June 2017

2,349

7,160

2,121

11,630

At 30 June 2016

423

-

1,488

1,911

Fixed assets, included in the above, which are held under hire purchase contracts are as

follows:

Motor

vehicles

£

COST

Additions

8,950

At 30 June 2017

8,950

DEPRECIATION

Charge for year

1,790

At 30 June 2017

1,790

NET BOOK VALUE

At 30 June 2017

7,160

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

63,475

19,357

Other debtors

835

-

64,310

19,357

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Hire purchase contracts

2,027

-

Taxation and social security

47,435

23,372

Other creditors

8,218

20,596

57,680

43,968

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.17

30.6.16

£

£

Hire purchase contracts

8,096

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.17

30.6.16

value:

£

£

NIL

Ordinary

£1

-

100

35

Ordinary A

£1

35

-

35

Ordinary B

£1

35

-

15

Ordinary C

£1

15

-

15

Ordinary D

£1

15

-

100

100

9.

RESERVES

Retained

earnings

£

At 1 July 2016

31,804

Profit for the year

150,560

Dividends

(76,076

)

At 30 June 2017

106,288

10.	RELATED PARTY DISCLOSURES

During the year Mr S D J Flynn, a director of the company, was paid a salary of £6,735

(2016 £11,548) and Mr N Nichols, a director of the company, was paid a salary of £6,735

(2016 £11,548).

During the year Mr S D J Flynn, a director of the company, was voted dividends of £33,036

(2016 £28,607) and Mr N Nichols, a director of the company, was voted dividends of

£33,040 (2016 £11,548).

As at 30 June 2017 the company owed £528 to Mr S D J Flynn (2016 £nil) and £4,344 (2016

£nil) to Mr N Nichols.

11.	ULTIMATE CONTROLLING PARTY

There is no one ultimate controlling party.