RLJ Consultants Ltd 31/03/2018 iXBRL

RLJ Consultants Ltd 31/03/2018 iXBRL

RLJ CONSULTANTS LIMITED - Company Information

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Company registration number: 10908666
RLJ Consultants Ltd
Unaudited filleted financial statements
31 March 2018
RLJ Consultants Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
RLJ Consultants Ltd
Directors and other information
Directors Mr R John (Appointed 10 August 2017)
Ms S Williams (Appointed 10 August 2017)
Company number 10908666
Registered office Unit 16 Highcroft Ind Est
Enterprise Road
Waterlooville
Hampshire
PO8 0BT
Accountants Focus Accounting Limited
Unit 16 Highcroft Ind Est
Enterprise Road
Waterlooville
Hampshire
PO8 0BT
RLJ Consultants Ltd
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of RLJ Consultants Ltd
Period ended 31 March 2018
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the period ended 31 March 2018 which comprise the statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. 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 from information and explanations supplied to us.
Focus Accounting Limited
Accountants & Business Advisers
Unit 16 Highcroft Ind Est
Enterprise Road
Waterlooville
Hampshire
PO8 0BT
16 November 2018
RLJ Consultants Ltd
Statement of financial position
31 March 2018
31/03/18
Note £ £
Fixed assets
Tangible assets 5 950
_______
950
Current assets
Debtors 6 16,204
Cash at bank and in hand 36,034
_______
52,238
Creditors: amounts falling due
within one year 7 ( 62,901)
_______
Net current liabilities ( 10,663)
_______
Total assets less current liabilities ( 9,713)
_______
Net liabilities ( 9,713)
_______
Capital and reserves
Called up share capital 100
Profit and loss account ( 9,813)
_______
Shareholders deficit ( 9,713)
_______
For the period ending 31 March 2018 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 period 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 16 November 2018 , and are signed on behalf of the board by:
Mr R John
Director
Company registration number: 10908666
RLJ Consultants Ltd
Statement of changes in equity
Period ended 31 March 2018
Called up share capital Profit and loss account Total
£ £ £
At 10 August 2017 - - -
Loss for the period ( 9,813) ( 9,813)
_______ _______ _______
Total comprehensive income for the period - ( 9,813) ( 9,813)
Issue of shares 100 100
_______ _______ _______
Total investments by and distributions to owners 100 - 100
_______ _______ _______
At 31 March 2018 100 ( 9,813) ( 9,713)
_______ _______ _______
RLJ Consultants Ltd
Notes to the financial statements
Period ended 31 March 2018
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Unit 16 Highcroft Ind Est, Enterprise Road, Waterlooville, Hampshire, PO8 0BT.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
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 or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
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.
Depreciation
Depreciation 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 follows:
Fittings fixtures and equipment - 20 % reducing balance
If 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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Staff costs
The average number of persons employed by the company during the period amounted to 2
The aggregate payroll costs incurred during the period were:
Period
ended
31/03/18
£
Wages and salaries 62,643
Other pension costs 20,000
_______
82,643
_______
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 10 August 2017 - -
Additions 1,187 1,187
_______ _______
At 31 March 2018 1,187 1,187
_______ _______
Depreciation
At 10 August 2017 - -
Charge for the year 237 237
_______ _______
At 31 March 2018 237 237
_______ _______
Carrying amount
At 31 March 2018 950 950
_______ _______
6. Debtors
31/03/18
£
Trade debtors 16,204
_______
7. Creditors: amounts falling due within one year
31/03/18
£
Social security and other taxes 26,674
Other creditors 36,227
_______
62,901
_______
8. Directors advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
Period ended 31/03/18
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr R John - ( 36,227) ( 36,227)
_______ _______ _______
9. Related party transactions
During the period the company entered into the following transactions with related parties:
Transaction value
Period
ended
31/03/18
£
Salaries to directors 62,643
_______