Purvis Consultancy Limited - Accounts to registrar (filleted) - small 17.3

PURVIS CONSULTANCY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Purvis

D J Purvis

REGISTERED OFFICE:

Oakhurst House

57 Ashbourne Road

Derby

Derbyshire

DE22 3FS

REGISTERED NUMBER:

07225672 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Oakhurst House

57 Ashbourne Road

Derby

Derbyshire

DE22 3FS

FIXED ASSETS

Tangible assets

4

42,473

48,961

CURRENT ASSETS

Debtors

5

82,255

42,926

Cash at bank

34,628

14,994

116,883

57,920

CREDITORS

Amounts falling due within one year

6

76,184

37,554

NET CURRENT ASSETS

40,699

20,366

TOTAL ASSETS LESS CURRENT LIABILITIES

83,172

69,327

PROVISIONS FOR LIABILITIES

7

400

500

NET ASSETS

82,772

68,827

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

82,770

68,825

SHAREHOLDERS' FUNDS

82,772

68,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 4 December 2017 and were signed on its behalf by:

Mrs J Purvis - Director

D J Purvis - Director

1.	STATUTORY INFORMATION

Purvis Consultancy 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.	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" 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.

Tangible fixed assets

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

Short leasehold

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2016

and 30 April 2017

57,862

4,010

959

62,831

DEPRECIATION

At 1 May 2016

11,573

1,755

542

13,870

Charge for year

5,786

564

138

6,488

At 30 April 2017

17,359

2,319

680

20,358

NET BOOK VALUE

At 30 April 2017

40,503

1,691

279

42,473

At 30 April 2016

46,289

2,255

417

48,961

5.

DEBTORS

2017

2016

£

£

Amounts falling due within one year:

Trade debtors

24,716

18,817

Other debtors

43,447

24,109

68,163

42,926

Amounts falling due after more than one year:

Other debtors

14,092

-

Aggregate amounts

82,255

42,926

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

74,535

36,004

Other creditors

1,649

1,550

76,184

37,554

7.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

400

500

Deferred

tax

£

Balance at 1 May 2016

500

Provided during year

(100

)

Balance at 30 April 2017

400

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

2

2

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2017 and

30 April 2016:

2017

2016

£

£

Mrs J Purvis and D J Purvis

Balance outstanding at start of year

-

-

Amounts advanced

43,361

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

43,361

-

Interest is charged on loans to directors at HMRC approved rates. The amount charged during the year was

£753.

10.	FIRST YEAR ADOPTION

The policies applied under the entity's previous accounting framework are not materially different to FRS 102

and have not impacted on equity or profit and loss.