Clear Thinking Consultancy Limited

Clear Thinking Consultancy Limited

CLEAR THINKING CONSULTANCY LIMITED - Company Information

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Company Registration No. 07892293 (England and Wales)
Clear Thinking Consultancy Limited Unaudited accounts for the year ended 31 December 2016
Clear Thinking Consultancy Limited Unaudited accounts Contents
Page
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Clear Thinking Consultancy Limited Company Information for the year ended 31 December 2016
Director
Kita Jiwani
Company Number
07892293 (England and Wales)
Registered Office
FLAT 1 25 VEREKER ROAD LONDON W14 9JU
Accountants
Niall O'Driscoll FCMA CGMA OD Accountants Ltd Suite 501, The Pillbox, 115 Coventry Rd Bethnal Green London E2 6GG
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Clear Thinking Consultancy Limited Statement of financial position as at 31 December 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,206 
276 
Current assets
Debtors
5
6,500 
2,394 
Cash at bank and in hand
4,408 
3,482 
10,908 
5,876 
Creditors: amounts falling due within one year
6
(20,154)
(3,865)
Net current (liabilities)/assets
(9,246)
2,011 
Net (liabilities)/assets
(8,040)
2,287 
Capital and reserves
Called up share capital
7
1 
1 
Profit and loss account
(8,041)
2,286 
Shareholders' funds
(8,040)
2,287 
For the year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 September 2017.
Kita Jiwani Director Company Registration No. 07892293
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Clear Thinking Consultancy Limited Notes to the Accounts for the year ended 31 December 2016
1
Statutory information
Clear Thinking Consultancy Limited is a private company, limited by shares, registered in England and Wales, registration number 07892293. The registered office and principal place of business is FLAT 1, 25 VEREKER ROAD, LONDON, W14 9JU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Grants
A grant of £28,000 (2015 £28,000) was received from the John Lyons Charity via Brent Play Association, Clear Thinking Consultancy's strategic partner. In partnership with CVS Brent and with the support of Brent Play Association, Clear Thinking Consultancy Limited work with small, non-profit organisations in the London Borough of Brent who are working with vulnerable children and young people and struggling to deliver services by merit of being financially at-risk. The work supports them to understand and respond to the key organisational developmental areas that will support them to maximise social value and deliver high-impact cost effective services in the community. The total expenditure for the financial year was 13,402 (2015 £40,575). £12,203 (2015 £10,181) was the balance of the grant not utilised from 2016 with a further provision of 0 (2016 £2,393) to be reimbursed from the 2017 grant. The expenditure was used for salaries of £6,181(2015 £30,442), portion of directors costs £2,700 (2015 £4,020) sub contractors £4,000 (2015 4,321) and other administrative expenses of £521 (2015 £1,791). The grant and the related expenditure is shown net in the accounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
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Clear Thinking Consultancy Limited Notes to the Accounts for the year ended 31 December 2016
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2016
689 
- 
689 
Additions
- 
1,334 
1,334 
At 31 December 2016
689 
1,334 
2,023 
Depreciation
At 1 January 2016
413 
- 
413 
Charge for the year
137 
267 
404 
At 31 December 2016
550 
267 
817 
Net book value
At 31 December 2016
139 
1,067 
1,206 
At 31 December 2015
276 
- 
276 
5
Debtors
2016 
2015 
£ 
£ 
Accrued income and prepayments
- 
2,394 
Other debtors
6,500 
- 
6,500 
2,394 
6
Creditors: amounts falling due within one year
2016 
2015 
£ 
£ 
Taxes and social security
6,662 
2,429 
Other creditors
88 
356 
Accruals
1,200 
1,080 
Deferred income
12,204 
- 
20,154 
3,865 
7
Share capital
2016 
2015 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Kita Jiwani
Advance
- 
6,500 
- 
6,500 
- 
6,500 
- 
6,500 
The Directors Loan Account has been repaid by way of a non cash dividend on the 30th September 2017.
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Clear Thinking Consultancy Limited Notes to the Accounts for the year ended 31 December 2016
9
Transactions with related parties
The company rents office space and facilities from the Director Kita Jiwani, the cost to the business was £2,700 (2015 £3,600)
10
Average number of employees
During the year the average number of employees was 2 (2015: 1).
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