J D Lumb Consultancy Limited
J D Lumb Consultancy Limited
Company Registration No. 08186700 (England and Wales)
Page
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Director
Company Number
Registered Office
Accountants
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Accountants' report to the director of J D Lumb Consultancy Limited on the preparation of the unaudited statutory accounts for the year ended 31 August 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of J D Lumb Consultancy Limited for the year ended 31 August 2017 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of J D Lumb Consultancy Limited , as a body, in accordance with the terms of our engagement letter dated 10 October 2012. Our work has been undertaken solely to prepare for your approval the accounts of J D Lumb Consultancy Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J D Lumb Consultancy Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that J D Lumb Consultancy Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of J D Lumb Consultancy Limited . You consider that J D Lumb Consultancy 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 accounts of J D Lumb Consultancy 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 accounts.
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2017
2016
Notes
£
£
Fixed assets
Current assets
Cash at bank and in hand
Net current assets
Total assets less current liabilities
Provisions for liabilities
Net assets
Capital and reserves
Profit and loss account
Shareholders' funds
Approved by the Board on 4 December 2017 .
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1
Statutory information
2
Compliance with accounting standards
3
Accounting policies
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 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
Presentation currency
Turnover
Tangible fixed assets and depreciation
Computer equipment
Deferred taxation
Foreign exchange
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Pension costs
Inventories
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 September 2016
At 31 August 2017
Depreciation
At 1 September 2016
Charge for the year
At 31 August 2017
Net book value
At 31 August 2017
At 31 August 2016
5
Inventories
2017
2016
£
£
Work in progress
6
Debtors
2017
2016
£
£
Other debtors
7
Creditors: amounts falling due within one year
2017
2016
£
£
Taxes and social security
Loans from directors
Accruals
8
Deferred taxation
2017
2016
£
£
Accelerated capital allowances
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2017
2016
£
£
Provision at start of year
(Credited)/charged to the profit and loss account
(69 )
Provision at end of year
9
Share capital
2017
2016
£
£
Allotted, called up and fully paid:
10
Loans to directors
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
£
£
£
£
(53 )
(53 )
11
Average number of employees
During the year the average number of employees was 1 (2016: 1 ).
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