Salvus Consulting Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05585106 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

SALVUS CONSULTING LIMITED

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

8

DIRECTORS:

Mr A P J Furness

Mrs K V Furness

SECRETARY:

Mr A P J Furness

REGISTERED OFFICE:

57 London Road

High Wycombe

Buckinghamshire

HP11 1BS

REGISTERED NUMBER:

05585106 (England and Wales)

ACCOUNTANTS:

Seymour Taylor Audit Limited

57 London Road

High Wycombe

Buckinghamshire

HP11 1BS

The following reproduces the text of the report prepared for the directors 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 Income

Statement and certain other primary statements and the Report of the Directors 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 Salvus Consulting Limited for the year ended 31 March 2017 which comprise the

Income Statement, Other Comprehensive Income, 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 Board of Directors of Salvus Consulting Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Salvus Consulting Limited and state those matters that we have agreed to state to the Board of Directors of Salvus Consulting Limited, as a body, 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 Salvus Consulting Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Salvus 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 Salvus Consulting Limited. You consider that Salvus Consulting Limited is exempt from the statutory audit requirement for the year.

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

Seymour Taylor Audit Limited

57 London Road

High Wycombe

Buckinghamshire

HP11 1BS

15 September 2017

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,327

423

3,327

423

CURRENT ASSETS

Debtors

6

28,655

35,467

Cash at bank and in hand

193,583

135,199

222,238

170,666

CREDITORS

Amounts falling due within one year

7

61,252

45,398

NET CURRENT ASSETS

160,986

125,268

TOTAL ASSETS LESS CURRENT LIABILITIES

164,313

125,691

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

164,213

125,591

SHAREHOLDERS' FUNDS

164,313

125,691

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 15 September 2017 and were signed on its behalf by:

Mrs K V Furness - Director

1.	STATUTORY INFORMATION

Salvus Consulting Limited is a private company, limited by shares and incorporated in England &

Wales. The address of the company's registered office is 57 London Road, High Wycombe,

Buckinghamshire, HP11 1BS. The principal place of business is 77 Cedar Avenue, Hazelmere,

Buckinghamshire, HP15 7E.The registered number is 05585106.

The principal activity of the company is that of consultancy services.

The presentation currency of these financial statements is Sterling (£), being the currency of the

primary economic market in which the entity operates (its functional currency). All amounts in these

financial statements have been rounded to the nearest pound unless stated otherwise.

The significant accounting policies applied in the preparation of these financial statements are set out

below. These policies have been consistently applied to all years presented unless otherwise stated.

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" (effective September 2015) and the Companies Act 2006. The financial

statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts receivable for goods and services supplied during the year, exclusive of

Value Added Tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, has been

amortised on a straight line basis over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated

useful life.

Fixtures and fittings - reducing balance - 25%

Computer equipment - straight line - 33% to 100%

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 contributes to defined pension scheme arrangements on behalf of its employees.

Contributions payable are charged to the profit and loss account in the period to which they relate.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual

arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument

is any contract that evidences a residual interest in the assets of the company after deducting all of its

liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2016 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

100,000

AMORTISATION

At 1 April 2016

and 31 March 2017

100,000

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2016

532

12,407

12,939

Additions

4,131

-

4,131

At 31 March 2017

4,663

12,407

17,070

DEPRECIATION

At 1 April 2016

363

12,153

12,516

Charge for year

1,075

152

1,227

At 31 March 2017

1,438

12,305

13,743

NET BOOK VALUE

At 31 March 2017

3,225

102

3,327

At 31 March 2016

169

254

423

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

27,366

34,228

Other debtors

1,289

1,239

28,655

35,467

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

1,092

726

Taxation and social security

47,445

40,693

Other creditors

12,715

3,979

61,252

45,398

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 April 2016

125,591

Profit for the year

92,622

Dividends

(54,000

)

At 31 March 2017

164,213

10.	FIRST YEAR ADOPTION

These are the first financial statements that comply with Section 1A of FRS 102 (effective September

2015). The company transitioned to Section 1A of FRS 102 (effective September 2015) on 1 April

2015.

No transitional adjustments were required on equity or profit or loss for the period.