Koola Consulting Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05918987

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

KOOLA CONSULTING LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J H D King

SECRETARY:

Dr K S King

REGISTERED OFFICE:

Riverside House

3 Place Farm

Wheathampstead

Hertfordshire

AL4 8SB

REGISTERED NUMBER:

05918987

ACCOUNTANTS:

Lamburn & Turner

Riverside House

3 Place Farm

Wheathampstead

Hertfordshire

AL4 8SB

FIXED ASSETS

Tangible assets

4

606

3

CURRENT ASSETS

Debtors

3,450

-

Cash at bank

30,401

68,793

33,851

68,793

CREDITORS

Amounts falling due within one year

20,893

32,705

NET CURRENT ASSETS

12,958

36,088

TOTAL ASSETS LESS CURRENT LIABILITIES

13,564

36,091

CAPITAL AND RESERVES

Called up share capital

200

100

Retained earnings

13,364

35,991

SHAREHOLDERS' FUNDS

13,564

36,091

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 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 14 September 2017 and were signed by:

J H D King - Director

1.	STATUTORY INFORMATION

Koola Consulting Ltd is a private company, limited by shares , registered in Not specified/Other. 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 represents net invoiced sales of goods and 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.

Computer equipment

-

33% 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

Totals

£

COST

At 1 January 2016

1,375

Additions

900

At 31 December 2016

2,275

DEPRECIATION

At 1 January 2016

1,372

Charge for year

297

At 31 December 2016

1,669

NET BOOK VALUE

At 31 December 2016

606

At 31 December 2015

3

5.	ULTIMATE CONTROLLING PARTY

Control of the company is held by Mr & Dr J King by way of their shareholding of 100 % in the company.