Cornerstone Management Consultancy Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 06590964 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2017

for

Cornerstone Management Consultancy Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R Odink

REGISTERED OFFICE:

20-22 Bedford Row

London

WC1R 4JS

REGISTERED NUMBER:

06590964 (England and Wales)

ACCOUNTANTS:

SJD Accountancy

12th Floor

30 Crown Place

London

EC2A 2AL

FIXED ASSETS

Tangible assets

4

487

731

CURRENT ASSETS

Debtors

5

403,634

281,063

Cash at bank

105,387

191,201

509,021

472,264

CREDITORS

Amounts falling due within one year

6

192,602

117,229

NET CURRENT ASSETS

316,419

355,035

TOTAL ASSETS LESS CURRENT
LIABILITIES

316,906

355,766

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

316,905

355,765

SHAREHOLDERS' FUNDS

316,906

355,766

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 28 February 2018 and were signed by:

R Odink - Director

1.	STATUTORY INFORMATION

Cornerstone Management Consultancy Ltd 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 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.

Fixtures and fittings

-

25% on cost

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 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 June 2016

and 31 May 2017

975

DEPRECIATION

At 1 June 2016

244

Charge for year

244

At 31 May 2017

488

NET BOOK VALUE

At 31 May 2017

487

At 31 May 2016

731

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

Trade debtors

269,381

244,395

Directors' current accounts

25,654

24,958

Tax

14,664

11,710

VAT

93,935

-

403,634

281,063

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

Corporation tax

192,029

106,553

Social security and other taxes

573

568

VAT

-

10,108

192,602

117,229

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2017 and

31 May 2016:

31.5.17

31.5.16

£

R Odink

Balance outstanding at start of year

24,958

16,566

Amounts advanced

9,088

8,392

Amounts repaid

(8,392

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

25,654

24,958

As at 31st May 2017, the director owed the company £25,654.45, of this £9,088.04 was a new loan.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is R Odink.

The ultimate controlling party is R Odink.

Cornerstone Management Consultancy Ltd - Accounts to registrar (filleted) - small 17.3

Cornerstone Management Consultancy Ltd - Accounts to registrar (filleted) - small 17.3