DAVID SINGER CONSULTANTS LIMITED

DAVID SINGER CONSULTANTS LIMITED

DAVID SINGER CONSULTANTS LIMITED - Company Information

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DAVID SINGER CONSULTANTS LIMITED

Company Registration Number:
00580602 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2017

Period of accounts

Start date: 01 January 2017

End date: 31 December 2017

DAVID SINGER CONSULTANTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2017

Balance sheet
Notes

DAVID SINGER CONSULTANTS LIMITED

Balance sheet

As at 31 December 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 34,550 36,574
Total fixed assets: 34,550 36,574
Current assets
Stocks: 145,039 145,039
Cash at bank and in hand: 27,770 22,246
Total current assets: 172,809 167,285
Creditors: amounts falling due within one year: 4 (91,646) (82,887)
Net current assets (liabilities): 81,163 84,398
Total assets less current liabilities: 115,713 120,972
Total net assets (liabilities): 115,713 120,972
Capital and reserves
Called up share capital: 3,000 3,000
Profit and loss account: 112,713 117,972
Shareholders funds: 115,713 120,972

The notes form part of these financial statements

DAVID SINGER CONSULTANTS LIMITED

Balance sheet statements

For the year ending 31 December 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 May 2018
and signed on behalf of the board by:

Name: Mr David Singer
Status: Director

The notes form part of these financial statements

DAVID SINGER CONSULTANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Other accounting policies

DepreciationDepreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as followsFreehold property 2.5% straight linePlant and machinery 15% reducing balanceOffice equipment 15% reducing balanceIf there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.StocksStocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

DAVID SINGER CONSULTANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

2. Employees

2017 2016
Average number of employees during the period 3 3

DAVID SINGER CONSULTANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

3. Tangible Assets

Total
Cost £
At 01 January 2017 75,625
At 31 December 2017 75,625
Depreciation
At 01 January 2017 39,051
Charge for year 2,024
At 31 December 2017 41,075
Net book value
At 31 December 2017 34,550
At 31 December 2016 36,574

DAVID SINGER CONSULTANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

4. Creditors: amounts falling due within one year note

2017 £91646 and 2016 £82887