John Codling Consultant Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08940269 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

JOHN CODLING CONSULTANT LIMITED

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

6

DIRECTOR:

Mr J D Codling

REGISTERED OFFICE:

Grubbins

Grubbins Lane

Speen

Princes Risborough

Buckinghamshire

HP27 0SE

REGISTERED NUMBER:

08940269 (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 director 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 Director 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 John Codling Consultant Limited for the year ended 31 March 2017 which

comprise the Income Statement, 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 director of John Codling Consultant Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of John Codling Consultant Limited and state those matters that we have agreed to state to the director of John Codling Consultant Limited 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 John Codling Consultant Limited director for our work or for this report.

It is your duty to ensure that John Codling Consultant 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 John Codling Consultant Limited. You consider that John Codling Consultant 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 John Codling Consultant 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

4 December 2017

CURRENT ASSETS

Debtors

3

1,620

1,422

Cash at bank

8,708

4,424

10,328

5,846

CREDITORS

Amounts falling due within one year

4

9,350

6,701

NET CURRENT ASSETS/(LIABILITIES)

978

(855

)

TOTAL ASSETS LESS CURRENT LIABILITIES

978

(855

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

878

(955

)

SHAREHOLDERS' FUNDS

978

(855

)

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.

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 4 December 2017 and were signed by:

Mr J D Codling - Director

1.	STATUTORY INFORMATION

John Codling Consultant Limited is a private company limited by shares and incorporated in England

and Wales. The address of the company's registered office is Grubbins, Grubbins Lane, Speen,

Princes Risborough, Buckinghamshire, HP27 0SE. The registered number is 08940269.

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 is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Taxation

Tax on the profit or loss 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 directly in equity or other

comprehensive income, in which case it is recognised directly in equity or other comprehensive

income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using

tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax

payable in respect of previous years.

Deferred tax

Deferred tax is provided on timing differences which arise from the inclusion of income and expenses

in tax assessments in periods different from those in which they are recognised in the financial

statements. Differences between accumulated depreciation and tax allowances for the cost of a fixed

asset, if and when all conditions for retaining the tax allowances have been met, are not provided for.

Deferred tax is not recognised on permanent differences arising because certain types of income or

expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are

greater or smaller than the corresponding income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related

difference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax

balances are not discounted.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that is it probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Financial instruments

The company has applied the provisions of Section 11 "Basic Financial Instruments" and Section 12

"Other Financial Instrument Issues" of FRS 102 (effective September 2015) to its financial statements.

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.

Transition to FRS 102

The entity transitioned from previous UK GAAP to Section 1A of FRS 102 (effective September 2015)

as at 1 April 2015. Details of how Section 1A of FRS 102 (effective September 2015) has affected the

reported financial position and financial performance are given in the final note to the accounts.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

1,620

780

Other debtors

-

642

1,620

1,422

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

5,981

4,246

Other creditors

3,369

2,455

9,350

6,701

5.	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