Ford Consultancy Group Limited - Period Ending 2017-12-31

Registration number: 10514426

Ford Consultancy Group Limited

Annual Report and Unaudited Financial Statements

for the Period from 7 December 2016 to 31 December 2017

Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford-Upon-Avon
Warwickshire
CV37 9NP

Ford Consultancy Group Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 7

Ford Consultancy Group Limited

Company Information

Directors

Mr Dominic Ford Mr Kevin Webley Mrs Nathalie Ford

Registered office

13 The Courtyard Timothys Bridge Road Stratford-Upon-Avon Warwickshire CV37 9NP

Registered number

10514426

Accountants

Grenfell James Associates Limited 13 The Courtyard Timothys Bridge Road Stratford-Upon-Avon Warwickshire CV37 9NP

Page 1

Ford Consultancy Group Limited

(Registration number: 10514426)
Balance Sheet as at 31 December 2017

	Note	2017 £
Fixed assets
Tangible assets	4	5,709
Current assets
Debtors	5	1,400
Cash at bank and in hand		39,550
		40,950
Creditors: Amounts falling due within one year	6	(34,163)
Net current assets		6,787
Total assets less current liabilities		12,496
Creditors: Amounts falling due after more than one year	6	(5,705)
Net assets		6,791
Capital and reserves
Called up share capital		200
Profit and loss account		6,591
Total equity		6,791

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

The notes on pages 4 to 7 form an integral part of these financial statements.

Page 2

Ford Consultancy Group Limited

(Registration number: 10514426)
Balance Sheet as at 31 December 2017

Approved and authorised by the Board on 31 July 2018 and signed on its behalf by:
 

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

Mr Dominic Ford

Director

The notes on pages 4 to 7 form an integral part of these financial statements.

Page 3

Ford Consultancy Group Limited

Notes to the Financial Statements for the Period from 7 December 2016 to 31 December 2017

1	General information

The company is a private company limited by share capital, incorporated in England and wales.

The company's registered number and registered office address can be found on the Company Information page.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer equipment	25% reducing balance method

Page 4

Ford Consultancy Group Limited

Notes to the Financial Statements for the Period from 7 December 2016 to 31 December 2017

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

Page 5

Ford Consultancy Group Limited

Notes to the Financial Statements for the Period from 7 December 2016 to 31 December 2017

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
Additions	7,612	7,612
At 31 December 2017	7,612	7,612
Depreciation
Charge for the period	1,903	1,903
At 31 December 2017	1,903	1,903
Carrying amount
At 31 December 2017	5,709	5,709

5

Debtors

	2017 £
Trade debtors	1,200
Other debtors	200
	1,400

6

Creditors

Creditors: amounts falling due within one year

	2017 £
Due within one year
Trade creditors	38
Taxation and social security	33,701
Other creditors	424
	34,163

Creditors: amounts falling due after more than one year

	Note	2017 £
Due after one year
Loans and borrowings	7	5,705

Page 6

Ford Consultancy Group Limited

Notes to the Financial Statements for the Period from 7 December 2016 to 31 December 2017

7	Loans and borrowings

	2017 £
Non-current loans and borrowings
Other borrowings	5,705

Page 7