ESD Consultancy Services Limited Filleted accounts for Companies House (small and micro)

ESD CONSULTANCY SERVICES LTD - Company Information

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COMPANY REGISTRATION NUMBER: 10751403

ESD CONSULTANCY SERVICES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 May 2018

ESD CONSULTANCY SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION

31 May 2018

	31 May 18
Note	£	£

FIXED ASSETS

Tangible assets	5		450

CURRENT ASSETS

Debtors	6	76,485
Cash at bank and in hand		114,206
		---------
		190,691

CREDITORS: Amounts falling due within one year	7	132,756
		---------
NET CURRENT ASSETS			57,935
			--------
TOTAL ASSETS LESS CURRENT LIABILITIES			58,385
			--------

CAPITAL AND RESERVES

Called up share capital		10
Profit and loss account		58,375
		--------
SHAREHOLDERS FUNDS		58,385
		--------

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.

For the period ending 31 May 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 1 February 2019 , and are signed on behalf of the board by:

D. Hanlon
Director

Company registration number: 10751403

ESD CONSULTANCY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 3 MAY 2017 TO 31 MAY 2018

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 37 York Road, Birkdale, Southport, Merseyside, PR8 2AD.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

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

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

	Equipment	-	`10% per annum reducing balance`

Financial instruments

Basic financial instruments are recognised at amortised cost.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the period amounted to 2 .

5. TANGIBLE ASSETS

	Equipment
	£
Cost
At 3 May 2017	–
Additions	500
	----
At 31 May 2018	500
	----
Depreciation
At 3 May 2017	–
Charge for the period	50
	----
At 31 May 2018	50
	----
Carrying amount
At 31 May 2018	450
	----

6. DEBTORS

	31 May 18
	£
Trade debtors	76,485
	--------

7. CREDITORS: Amounts falling due within one year

	31 May 18
	£
Trade creditors	42,522
Corporation tax	25,316
Social security and other taxes	5,796
Director loan accounts	59,122
	---------
	132,756
	---------

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

There are no transactions with directors that require disclosure under FRS 102.

9. RELATED PARTY TRANSACTIONS

The company was under the control of the director, Mr D. Hanlon , throughout the period. During the period the company paid dividends to the director amounting to £35,000.