Company Registration No. 05107803 (England and Wales)
ISLIP CONSULTING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2015
ISLIP CONSULTING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ISLIP CONSULTING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
30 April 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
308
410
Investments
2
405,000
405,000
405,308
405,410
Current assets
Debtors
31,000
33,000
Cash at bank and in hand
104,790
189,088
135,790
222,088
Creditors: amounts falling due within one year
(17,548)
(149,865)
Net current assets
118,242
72,223
Total assets less current liabilities
523,550
477,633
Provisions for liabilities
(62)
-
523,488
477,633
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
523,487
477,632
Shareholders' funds
523,488
477,633
For the financial year ended 30 April 2015 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 7 August 2015
T Cross Brown
Director
Company Registration No. 05107803
ISLIP CONSULTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015
- 2 -
1
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:
Fixtures, fittings & equipment
25% Reducing balance
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 May 2014 & at 30 April 2015
1,797
405,000
406,797
Depreciation
At 1 May 2014
1,387
-
1,387
Charge for the year
102
-
102
At 30 April 2015
1,489
-
1,489
Net book value
At 30 April 2015
308
405,000
405,308
At 30 April 2014
410
405,000
405,410
ISLIP CONSULTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 Ordinary shares of £1 each
1
1