POSITIVE_CONSULTANCY_LIMI - Accounts

POSITIVE CONSULTANCY LIMITED - Company Information

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Company Registration No. 08514284 (England and Wales)

POSITIVE CONSULTANCY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2014

POSITIVE CONSULTANCY LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

3 - 4

POSITIVE CONSULTANCY LIMITED

CERTIFIED PRACTISING ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF POSITIVE CONSULTANCY LIMITED FOR THE YEAR ENDED 31 MAY 2014

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.

You consider that the company is exempt from an audit for the year ended 31 May 2014. You have acknowledged, on the balance sheet, your responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Companies Act 2006, and for preparing accounts which give a true and fair view of the state of affairs of the company and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared these accounts on pages 3 to 7 from the accounting records of the company and on the basis of information and explanations you have given us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

Shorthouse & Martin Ltd

6 January 2015

Certified Practising Accountants

62/64 New Road

Basingstoke

Hampshire

RG21 7PW

POSITIVE CONSULTANCY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2014

- 2 -

2014

Notes

Fixed assets

Tangible assets

2,783

Current assets

Debtors

1,080

Cash at bank and in hand

2,261

3,341

Creditors: amounts falling due within one year

(5,239)

Net current liabilities

(1,898)

Total assets less current liabilities

885

Capital and reserves

Called up share capital

100

Profit and loss account

785

Shareholders' funds

885

For the financial year ended 31 May 2014 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 financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 31 December 2014

Mr R G L Roberts

Director

Company Registration No. 08514284

POSITIVE CONSULTANCY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

- 3 -

Accounting policies

1.1

Accounting convention

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

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

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 less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

25% straight line

Fixtures, fittings & equipment

25% straight line

Fixed assets

Tangible assets

Cost

At 2 May 2013

Additions

3,499

At 31 May 2014

3,499

Depreciation

At 2 May 2013

Charge for the year

716

At 31 May 2014

716

Net book value

At 31 May 2014

2,783

POSITIVE CONSULTANCY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2014

- 4 -

Share capital

2014

Allotted, called up and fully paid

60 Ordinary A of £1 each

20 Ordinary B of £1 each

10 Ordinary C of £1 each

10 Ordinary D of £1 each

100