PRISMATIC CONSULTING LTD - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07669000 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2017

for

PRISMATIC CONSULTING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N A Knight

SECRETARY:

REGISTERED OFFICE:

30 KERRIS WAY

EARLEY

READING

Berkshire

RG6 5UW

REGISTERED NUMBER:

07669000 (England and Wales)

ACCOUNTANTS:

EDMONDS ACCOUNTANCY LIMITED

Unit 11, Diddenham Bus Park,

Diddenham Court

Grazeley,

READING

Berkshire

RG7 1JQ

FIXED ASSETS

Intangible assets

4

15,794

19,784

Tangible assets

5

616

774

16,410

20,558

CURRENT ASSETS

Debtors

6

848

204

Cash at bank

36

783

884

987

NET CURRENT ASSETS

884

987

TOTAL ASSETS LESS CURRENT LIABILITIES

17,294

21,545

CREDITORS

Amounts falling due after more than one year

7

135,408

121,587

NET LIABILITIES

(118,114

)

(100,042

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

(118,115

)

(100,043

)

SHAREHOLDERS' FUNDS

(118,114

)

(100,042

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 26 March 2018 and were signed by:

N A Knight - Director

1.	STATUTORY INFORMATION

PRISMATIC CONSULTING 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Lease costs are being amortised evenly over their estimated useful life of nil years.

Intangible fixed assets

Acquired Franchise package is written off in equal annual instalments over its

ten year duration.

Tangible fixed assets

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

Plant and machinery etc

-

33% 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 NIL.

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 July 2016

and 30 June 2017

39,900

AMORTISATION

At 1 July 2016

20,116

Charge for year

3,990

At 30 June 2017

24,106

NET BOOK VALUE

At 30 June 2017

15,794

At 30 June 2016

19,784

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2016

3,278

Additions

125

At 30 June 2017

3,403

DEPRECIATION

At 1 July 2016

2,504

Charge for year

283

At 30 June 2017

2,787

NET BOOK VALUE

At 30 June 2017

616

At 30 June 2016

774

6.

DEBTORS

30.6.17

30.6.16

£

£

Amounts falling due within one year:

Other debtors

847

203

Amounts falling due after more than one year:

Trade debtors

1

1

Aggregate amounts

848

204

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.17

30.6.16

£

£

Other creditors

135,408

121,587

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.17

30.6.16

value:

£

£

1

Ordinary

£1

1

1