Galanthus Consulting Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08750783 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

GALANTHUS CONSULTING LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

W A L Thomas

SECRETARY:

Mrs S T Thomas

REGISTERED OFFICE:

2 Lodge Lane

Chalfont St Giles

Buckinghamshire

HP8 4AQ

REGISTERED NUMBER:

08750783 (England and Wales)

ACCOUNTANTS:

Mountsides Limited

Chartered Accountants

2 Mountside

Stanmore

Middlesex

HA7 2DT

FIXED ASSETS

Tangible assets

5

1,069

582

CURRENT ASSETS

Debtors

17,326

13,646

Cash at bank

26,142

26,948

43,468

40,594

CREDITORS

Amounts falling due within one year

35,618

35,788

NET CURRENT ASSETS

7,850

4,806

TOTAL ASSETS LESS CURRENT LIABILITIES

8,919

5,388

PROVISIONS FOR LIABILITIES

214

117

NET ASSETS

8,705

5,271

CAPITAL AND RESERVES

Called up share capital

6

3

3

Retained earnings

8,702

5,268

SHAREHOLDERS' FUNDS

8,705

5,271

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 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 Statement of Financial Position for the year ended 31 March 2017 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 2 October 2017 and were signed by:

W A L Thomas - Director

1.	STATUTORY INFORMATION

Galanthus Consulting 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, 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.

Fixtures & equipment

-

50% 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 have been enacted or substantively

enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of

financial position 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.

First time adoption of new reporting standard

These financial statements for the year ended 31 March 2017 are the first financial statements that comply with Financial

Reporting Standard 102 Section 1A ''Small Entities''. The date of transition is 1 April 2015.

The policies applied under the company's previous accounting framework are not materially different from Financial

Reporting Standard 102 Section 1A ''Small Entities'' and have not impacted on equity or profit or loss.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

5,024

Additions

2,139

Disposals

(557

)

At 31 March 2017

6,606

DEPRECIATION

At 1 April 2016

4,442

Charge for year

1,652

Eliminated on disposal

(557

)

At 31 March 2017

5,537

NET BOOK VALUE

At 31 March 2017

1,069

At 31 March 2016

582

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

3

Ordinary

£1

3

3