FAUGHT CONSULTANTS LIMITED

FAUGHT CONSULTANTS LIMITED

FAUGHT CONSULTANTS LIMITED - Company Information

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FAUGHT CONSULTANTS LIMITED

Company Registration Number:
04539701 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2017

Period of accounts

Start date: 01 April 2016

End date: 31 March 2017

FAUGHT CONSULTANTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2017

Balance sheet
Notes

FAUGHT CONSULTANTS LIMITED

Balance sheet

As at 31 March 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 13,413 19,511
Total fixed assets: 13,413 19,511
Current assets
Debtors:   34,595 14,000
Cash at bank and in hand: 25,311 53,891
Total current assets: 59,906 67,891
Creditors: amounts falling due within one year: 4 (38,898) (41,702)
Net current assets (liabilities): 21,008 26,189
Total assets less current liabilities: 34,421 45,700
Provision for liabilities: (2,503) (3,844)
Total net assets (liabilities): 31,918 41,856
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 31,818 41,756
Shareholders funds: 31,918 41,856

The notes form part of these financial statements

FAUGHT CONSULTANTS LIMITED

Balance sheet statements

For the year ending 31 March 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 29 December 2017
and signed on behalf of the board by:

Name: D L FAUGHT
Status: Director

The notes form part of these financial statements

FAUGHT CONSULTANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the net invoiced value of services rendered, excluding VAT up to the balance sheet date.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is calculated to write off the cost less estimated residual value of all tangible fixed assets over their estimated useful lives at the following rates per annum:Office Equipment - 25% on reducing instalments basis.Motor Vehicle (Scooter) - 25% on reducing instalments basis.

Other accounting policies

Taxation:Taxation represents the sum of tax currently payable and deferred tax. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.Debtors and Creditors Receivable/Payable Within One Year:Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

FAUGHT CONSULTANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

2. Employees

2017 2016
Average number of employees during the period 2 2

FAUGHT CONSULTANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017


3. Tangible Assets

Total
Cost £
At 01 April 2016 30,542
Additions 2,956
Disposals (9,575)
At 31 March 2017 23,923
Depreciation
At 01 April 2016 11,031
Charge for year 5,444
On disposals (5,965)
At 31 March 2017 10,510
Net book value
At 31 March 2017 13,413
At 31 March 2016 19,511

FAUGHT CONSULTANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

4. Creditors: amounts falling due within one year note

There are no secured creditors either at 31 March 2017 or at 31 March 2016.