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

REGISTERED NUMBER: 08458530 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

LERIBA CONSULTING LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Clayton

B D Mseteka

H R P O'Donovan

S P Theobald

SECRETARY:

H R P O'Donovan

REGISTERED OFFICE:

Ground Floor

25 Marlborough Road

London

W4 4EU

REGISTERED NUMBER:

08458530 (England and Wales)

FIXED ASSETS

Tangible assets

3

21

243

CURRENT ASSETS

Debtors

10,888

12,820

Cash at bank

2,706

11,535

13,594

24,355

CREDITORS

Amounts falling due within one year

5,085

11,573

NET CURRENT ASSETS

8,509

12,782

TOTAL ASSETS LESS CURRENT LIABILITIES

8,530

13,025

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

7,530

12,025

SHAREHOLDERS' FUNDS

8,530

13,025

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 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.

All the members have consented to the preparation of an abridged Balance Sheet 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 Board of Directors on 19 December 2017 and were signed on its behalf by:

S P Theobald - Director

1.	STATUTORY INFORMATION

Leriba 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.

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 represents sales of financial and political analysis consultancy services, excluding value added tax,

performed in the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred

income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly

attributable to making the asset capable of operating as intended by management.

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

life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Financial instruments

The company enters into basic financial instruments, which result in the recognition of financial assets and

liabilities. Financial instruments are recognised at amortised cost, except for investments in shares which are

measured at fair value. At the end of each reporting period financial instruments are assessed for evidence of

impairment, and changes are recognised in profit or loss.

Taxation

Taxation for the year comprises current 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the

current or past reporting periods.

Consideration is given to whether deferred tax should be provided in respect of material timing differences which

have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is

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

Current tax assets and liabilities are not discounted and are 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.

Foreign currencies

Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange

ruling at the date of the transaction. Balances at the year-end denominated in a foreign currency are translated

into sterling at the rate of exchange ruling at the balance sheet date.

3.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

1,942

DEPRECIATION

At 1 April 2016

1,699

Charge for year

222

At 31 March 2017

1,921

NET BOOK VALUE

At 31 March 2017

21

At 31 March 2016

243

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2017, a director had loaned the company £73 (2016 - £73). There is no interest due on the loan

and it is repayable upon demand.

As at 31 March 2017, a director had loaned the company £435 (2016 - £435). There is no interest due on the

loan and it is repayable upon demand.

As at 31 March 2017, a director had loaned the company £1,042 (2016 - £nil). There is no interest due on the

loan and it is repayable upon demand.

5.	TRANSITION TO FRS 102

This is the first year that the company has presented its results in accordance with the provisions of Section 1A of

Financial Reporting Standard 102. The last financial statements under previous UK GAAP were for the year

ended 31 March 2016 and the date of transition to FRS 102 section 1A was 1 April 2015.

As a result of the change to new UK GAAP, we are required to prepare a reconciliation of the profit for the

financial period ended 31 March 2016 and the total equity as at 1 April 2015 and 31 March 2016 between UK

GAAP as previously reported and under FRS 102 Section 1A, in these financial statements.

Presentation of the results for the comparative year in accordance with Section 1A of FRS 102 has not resulted in

any change to the results compared to those presented under previous UK GAAP. Therefore it has not been

necessary to present a reconciliation of movements in equity in these accounts.