Company Registration No. 06021463 (England and Wales)
PAUL CHIVERS CONSULTING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
PAUL CHIVERS CONSULTING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
PAUL CHIVERS CONSULTING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
313
194
Current assets
Debtors
46,050
66,223
Cash at bank and in hand
38,654
22,219
84,704
88,442
Creditors: amounts falling due within one year
(29,464)
(31,625)
Net current assets
55,240
56,817
Total assets less current liabilities
55,553
57,011
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
54,553
56,011
Shareholders' funds
55,553
57,011
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year 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 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 13 July 2016
Mr P Chivers
Director
Company Registration No. 06021463
PAUL CHIVERS CONSULTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 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:
Computer equipment
33.33% straight line method
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015
715
Additions
325
At 31 December 2015
1,040
Depreciation
At 1 January 2015
521
Charge for the year
206
At 31 December 2015
727
Net book value
At 31 December 2015
313
At 31 December 2014
194
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1,000 Ordinary share of £1 each
1,000
1,000
4
Related party relationships and transactions
PAUL CHIVERS CONSULTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
4
Related party relationships and transactions
(Continued)
- 3 -
Transactions in relation to loans with directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
P Chivers -
-
63,093
73,319
4,418
95,500
45,330
63,093
73,319
4,418
95,500
45,330