Sullivans Business Consultancy Limited
Sullivans Business Consultancy Limited
Registered number: 07672641
Unaudited Financial Statements
For The Year Ended 30 June 2017
Sullivans Business Consultancy Limited
Chartered Accountants
Sullivans Business Consultancy Limited
Unaudited Financial Statements
For The Year Ended 30 June 2017
Unaudited Financial Statements
| Contents | |
| Page | |
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| Balance Sheet | 1 |
| Notes to the Financial Statements | 3—5 |
Sullivans Business Consultancy Limited
Balance Sheet
As at
30 June 2017
Balance Sheet
Registered number:
07672641
For the year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 6 |
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| CURRENT ASSETS | |||||
| Debtors | 7 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 8 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 9 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 55,514 | 59,545 | |||
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Page 1
Sullivans Business Consultancy Limited
Balance Sheet (continued)
As at
30 June 2017
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Sullivans Business Consultancy Limited
Notes to the Unaudited Accounts
For The Year Ended 30 June 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2.
Turnover
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts, as adjusted for work in progress.
1.3.
Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets other than goodwill are amortised to profit and loss account over its estimated economic life of 3 years.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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| Motor Vehicles |
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| Fixtures & Fittings |
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| Computer Equipment |
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1.5.
Stocks and Work in Progress
Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses. It is stated at cost, plus an appropriate proportion of profit where the contract has reached a stage at the balance sheet date that would enable its realisation without further work being carried out.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
5.
Intangible Assets
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| Amortisation | |||
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| Net Book Value | |||
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Page 3
Sullivans Business Consultancy Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 30 June 2017
6.
Tangible Assets
| Fixtures & Fittings | Computer Equipment | Total | |
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| Cost | |||
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| Additions |
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| Depreciation | |||
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| Provided during the period |
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| Net Book Value | |||
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7.
Debtors
| 2017 | 2016 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors |
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8.
Creditors: Amounts Falling Due Within One Year
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| £ | £ | ||
| Corporation tax |
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| VAT |
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| Other creditors |
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| Director's loan account |
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Page 4
Sullivans Business Consultancy Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 30 June 2017
10.
Transactions With and Loans to Directors
The director, D M Sullivan, charged interest of £2120 on an unsecured loan made to the company. The charge is based on the average balance outstanding during the year.
The company used property belonging to the director and his spouse during the year, for which rent of £900 was paid.
11.
General Information
Sullivans Business Consultancy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07672641 . The registered office is 5 Maes y deri, Graigwen, Pontypridd, RCT, CF37 2JA.
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