ACCOUNTS - Final Accounts

LITTLE GREEN CONSULTING LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-06-302017-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.trueenvironmental and quality consultancyfalsefalse2016-07-01 06603299 2016-07-01 2017-06-30 06603299 2015-07-01 2016-06-30 06603299 2017-06-30 06603299 2016-06-30 06603299 c:Director1 2016-07-01 2017-06-30 06603299 d:FurnitureFittings 2016-07-01 2017-06-30 06603299 d:FurnitureFittings 2017-06-30 06603299 d:FurnitureFittings 2016-06-30 06603299 d:FurnitureFittings d:OwnedOrFreeholdAssets 2016-07-01 2017-06-30 06603299 d:OfficeEquipment 2016-07-01 2017-06-30 06603299 d:OfficeEquipment 2017-06-30 06603299 d:OfficeEquipment 2016-06-30 06603299 d:OfficeEquipment d:OwnedOrFreeholdAssets 2016-07-01 2017-06-30 06603299 d:OwnedOrFreeholdAssets 2016-07-01 2017-06-30 06603299 d:CurrentFinancialInstruments 2017-06-30 06603299 d:CurrentFinancialInstruments 2016-06-30 06603299 d:CurrentFinancialInstruments d:WithinOneYear 2017-06-30 06603299 d:CurrentFinancialInstruments d:WithinOneYear 2016-06-30 06603299 d:ShareCapital 2017-06-30 06603299 d:ShareCapital 2016-06-30 06603299 d:RetainedEarningsAccumulatedLosses 2017-06-30 06603299 d:RetainedEarningsAccumulatedLosses 2016-06-30 06603299 c:FRS102 2016-07-01 2017-06-30 06603299 c:AuditExemptWithAccountantsReport 2016-07-01 2017-06-30 06603299 c:FullAccounts 2016-07-01 2017-06-30 06603299 c:PrivateLimitedCompanyLtd 2016-07-01 2017-06-30 06603299 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2016-07-01 2017-06-30 06603299 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2017-06-30 06603299 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2016-06-30 iso4217:GBP xbrli:pure

Registered number: 06603299

LITTLE GREEN CONSULTING LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2017

LITTLE GREEN CONSULTING LIMITED

CONTENTS

	Page
Accountants' Report	1
Balance Sheet	2 - 3
Notes to the Financial Statements	4 - 8

LITTLE GREEN CONSULTING LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LITTLE GREEN CONSULTING LIMITED
FOR THE YEAR ENDED 30 JUNE 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Little Green Consulting Limited for the year ended 30 June 2017 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the Company accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/ members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Little Green Consulting Limited, as a body, in accordance with the terms of our engagement letter dated 6 April 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Little Green Consulting Limited and state those matters that we have agreed to state to the Board of Directors of Little Green Consulting Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Little Green Consulting Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Little Green Consulting Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit or loss of Little Green Consulting Limited. You consider that Little Green Consulting Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Little Green Consulting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

M A Partners LLP

7 The Close

Norwich

NR1 4DJ

27 March 2018

Page 1

LITTLE GREEN CONSULTING LIMITED

REGISTERED NUMBER: 06603299

BALANCE SHEET

AS AT 30 JUNE 2017

		2017		2016
Note		£		£

Fixed assets
Tangible assets	4		5,909		6,080
			5,909		6,080
Current assets
Debtors: amounts falling due within one year	5	14,139		11,707
Cash at bank and in hand		55		8,620
		14,194		20,327
Creditors: amounts falling due within one year	6	(17,494)		(31,480)
Net current liabilities			(3,300)		(11,153)
Total assets less current liabilities			2,609		(5,073)
Provisions for liabilities
Deferred tax		(1,122)		(934)
			(1,122)		(934)
Net assets/(liabilities)			1,487		(6,007)

Capital and reserves
Called up share capital	5	5
Profit and loss account	1,482	(6,012)
	1,487	(6,007)

Page 2

LITTLE GREEN CONSULTING LIMITED

REGISTERED NUMBER: 06603299

BALANCE SHEET (CONTINUED)

AS AT 30 JUNE 2017

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 March 2018.

................................................

Mr C H Wells

Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

LITTLE GREEN CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

1.	General information

The company is a private company incorporated in the United Kingdom and limited by shares. It is incorporated and domiciled in England and Wales. The address of its registered office is 7 The Close, Norwich Norfolk, NR1 4DJ.
The Company's principal activity is that of environmental and quality consultancy.

2.Accounting Policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements for the year ended 30 June 2017 are the company's first financial statements that comply with FRS 102. The company's date of transition to FRS 102 is 1 July 2015. The company's last financial statements prepared in accordance with previous UK GAAP were for the year ended 30 June 2016.
The principal accounting policies adopted in the preparation of the financial statements are set out below, remain unchanged from the previous year and have been consistently applied within the same accounts.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

LITTLE GREEN CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

2.Accounting Policies (continued)

2.3

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	25% on reducing balance
				Office equipment	-	25% on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

LITTLE GREEN CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

2.Accounting Policies (continued)

2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Employees

The average monthly number of employees, including directors, during the year was 3 (2016 - 3).

Page 6

LITTLE GREEN CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

4.	Tangible fixed assets

	Fixtures and fittings	Office equipment	Total
	£	£	£
Cost or valuation
At 1 July 2016	14,297	2,683	16,980
Additions	-	1,799	1,799
At 30 June 2017	14,297	4,482	18,779
Depreciation
At 1 July 2016	10,229	671	10,900
Charge for the year on owned assets	1,017	953	1,970
At 30 June 2017	11,246	1,624	12,870
Net book value
At 30 June 2017	3,051	2,858	5,909
At 30 June 2016	4,068	2,012	6,080

Debtors

					2017	2016
					£	£


Trade debtors	12,240	11,707
Prepayments and accrued income	1,899	-
	14,139	11,707

Page 7

LITTLE GREEN CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

6.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Trade creditors	-	563
Corporation tax	2,601	-
Other taxation and social security	3,468	5,009
Other creditors	9,685	20,458
Accruals and deferred income	1,740	5,450
	17,494	31,480

7.	Related party transactions
	As at 1 July 2016 the company owed the directors £20,458. During the year, the company advanced £35,132 to the directors and the directors introduced funds into the company of £24,359. As at 30 June 2017, the company owed the director £9,685 as included within other creditors in note 6 to the financial statements. Dividends of £3,000 (2016: £8,000) were paid to the director in the year.

8.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

Page 8