Ian Saunders Consulting Ltd - Limited company accounts 17.3

REGISTERED NUMBER: 07700245

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 July 2017

for

Ian Saunders Consulting Ltd

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

I Saunders

SECRETARY:

REGISTERED OFFICE:

13 to 14 Kingsmill Business Park

Chapel Mill Road

Kingston Upon Thames

Surrey

KT1 3GZ

REGISTERED NUMBER:

07700245

ACCOUNTANT:

Wendy Mauchline ACMA

43 Queens Court

Liverpool Road

Kingston Upon Thames

Surrey

KT2 7SY

The director presents his report with the financial statements of the company for the year ended 31 July 2017.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of Software

Development and Consultancy

DIRECTOR

I Saunders held office during the whole of the period from 1 August 2016 to the date of this
report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies

Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

I Saunders - Director

30 April 2018

TURNOVER

91,811

84,623

Administrative expenses

49,644

52,184

OPERATING PROFIT and

PROFIT BEFORE TAXATION

42,167

32,439

Tax on profit

8,513

6,537

PROFIT FOR THE FINANCIAL
YEAR

33,654

25,902

CURRENT ASSETS

Debtors

5

10,842

44,142

Cash at bank

90,930

30,275

101,772

74,417

CREDITORS

Amounts falling due within one
year

6

15,172

14,471

NET CURRENT ASSETS

86,600

59,946

TOTAL ASSETS LESS CURRENT
LIABILITIES

86,600

59,946

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

86,599

59,945

86,600

59,946

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30 April 2018 and were signed by:

I Saunders - Director

1.	STATUTORY INFORMATION

Ian Saunders Consulting Ltd is a private company, limited by shares , registered in Not

specified/Other. 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to

the company's pension scheme are charged to profit or loss in the period to which they

relate.

3.	EMPLOYEES AND DIRECTORS

The average monthly number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2016

and 31 July 2017

3,210

DEPRECIATION

At 1 August 2016

and 31 July 2017

3,210

NET BOOK VALUE

At 31 July 2017

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

Trade debtors

10,842

44,142

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

Trade creditors

236

171

Taxation and social security

13,390

12,424

Other creditors

1,546

1,876

15,172

14,471