Dragonland Consulting Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05089717 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Dragonland Consulting Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

J W Thomas

SECRETARY:

Mrs E Thomas

REGISTERED OFFICE:

21 Ty Crwyn

Church Village

Pontypridd

Mid Glamorgan

CF38 2HX

REGISTERED NUMBER:

05089717 (England and Wales)

ACCOUNTANTS:

Marsh Vision Limited

Chartered Certified Accountants

Chester House

17 Gold Tops

Newport

SOUTH WALES

NP20 4PH

FIXED ASSETS

Property, plant and equipment

4

18,829

24,661

CURRENT ASSETS

Debtors

5

13,015

18,576

Cash at bank

314,569

276,518

327,584

295,094

CREDITORS

Amounts falling due within one year

6

38,345

32,137

NET CURRENT ASSETS

289,239

262,957

TOTAL ASSETS LESS CURRENT LIABILITIES

308,068

287,618

PROVISIONS FOR LIABILITIES

7

3,767

4,933

NET ASSETS

304,301

282,685

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

304,201

282,585

SHAREHOLDERS' FUNDS

304,301

282,685

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 7 December 2017 and were signed by:

J W Thomas - Director

1.	STATUTORY INFORMATION

Dragonland 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.	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

Revenue 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

Fixtures & Fittings - 25% Reducing Balance

Computer Equipment - 25% Straight Line

Motor Vehicles - 25% Reducing Balance

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangements

as either financial assets, financial liabilities or equity instruments, and are held at amortised cost. An equity

instrument is any contract that evidences a residual interest in the assets of the company after deducting all its

liabilities.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently,

they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement

constitutes a finance transaction it is measured at present value of the future payments discounted at a market rate

of interest for a similar debt instrument.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the

operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 April 2016

50,763

Additions

5,240

Disposals

(1,338

)

At 31 March 2017

54,665

DEPRECIATION

At 1 April 2016

26,102

Charge for year

10,069

Eliminated on disposal

(335

)

At 31 March 2017

35,836

NET BOOK VALUE

At 31 March 2017

18,829

At 31 March 2016

24,661

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

12,227

17,729

Prepayments

788

847

13,015

18,576

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

188

-

Tax

16,812

20,119

Social security and other taxes

596

-

VAT

14,489

5,926

Other creditors

719

628

Directors' current accounts

3,881

3,849

Accrued expenses

1,660

1,615

38,345

32,137

7.	PROVISIONS FOR LIABILITIES

31.3.17

31.3.16

£

£

Deferred tax

Accelerated capital allowances

3,767

4,933

Deferred

tax

£

Balance at 1 April 2016

4,933

Provided during year

(1,166

)

Balance at 31 March 2017

3,767

8.

CONTROL

The company was controlled throughout the entire period by Mr J W Thomas, the sole director and majority

shareholder of the company.

9.	FIRST YEAR ADOPTION

This is the first year in which the financial statements have been prepared under FRS 102 (Section 1a). The date

of transition was 01/04/15

The transition to FRS 102 (Section 1a) has resulted in no changes in accounting policies to those used

previously.