R DAVIES CONSULTANCY LTD - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08937027 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2018

for

R DAVIES CONSULTANCY LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTORS:

Mrs R Davies

P Davies

REGISTERED OFFICE:

34 Sellons Avenue

Harlesden

London

NW10 4HH

REGISTERED NUMBER:

08937027 (England and Wales)

ACCOUNTANTS:

JV Accountants

75 Western Road

Southall

West London

UB2 5HQ

FIXED ASSETS

Intangible assets

4

-

2,625

Tangible assets

5

1,875

2,499

1,875

5,124

CURRENT ASSETS

Debtors

6

500,000

9,363

Cash at bank

81,800

38,855

581,800

48,218

CREDITORS

Amounts falling due within one year

7

370,262

18,806

NET CURRENT ASSETS

211,538

29,412

TOTAL ASSETS LESS CURRENT LIABILITIES

213,413

34,536

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

213,412

34,535

SHAREHOLDERS' FUNDS

213,413

34,536

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 22nd October 2018 and were signed on its behalf by:

Mrs R Davies - Director

1.	STATUTORY INFORMATION

R DAVIES CONSULTANCY LTD is a private company, limited by shares , registered in England and Wales. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement

of financial position 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 number of employees during the year was 2 (2017 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2017

and 31st March 2018

10,500

AMORTISATION

At 1st April 2017

7,875

Charge for year

2,625

At 31st March 2018

10,500

NET BOOK VALUE

At 31st March 2018

-

At 31st March 2017

2,625

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st April 2017

and 31st March 2018

2,910

DEPRECIATION

At 1st April 2017

411

Charge for year

624

At 31st March 2018

1,035

NET BOOK VALUE

At 31st March 2018

1,875

At 31st March 2017

2,499

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Loans to Solari Masson Ltd.

500,000

-

Other debtors

-

9,363

500,000

9,363

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

1

(1

)

Tax

50,457

5,101

VAT

16,377

3,473

Directors' current accounts

303,427

8,433

Accruals and deferred income

-

1,800

370,262

18,806

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

1

Ordinary Share Capital

£1

1

1

9.

RESERVES

Retained

earnings

£

At 1st April 2017

34,535

Profit for the year

211,855

Dividends

(32,978

)

At 31st March 2018

213,412

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31st March 2018 set out on pages one to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

JV Accountants

75 Western Road

Southall

West London

UB2 5HQ

Date: .............................................