Mandarin Consulting Limited
Unaudited Abbreviated Accounts
For the period ended 30 June 2016
Company Registration No. 06319053 (England and Wales)
Mandarin Consulting Limited
Contents
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
Mandarin Consulting Limited
Abbreviated Balance Sheet
As at 30 June 2016
Page 1
2016
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
14,815
9,535
Current assets
Debtors
298,439
15,130
Investments
100,000
-
Cash at bank and in hand
546,807
69,786
945,246
84,916
Creditors: amounts falling due within one year
(258,347)
(24,666)
Net current assets
686,899
60,250
Total assets less current liabilities
701,714
69,785
Creditors: amounts falling due after more than one year
(74,783)
(117,222)
Provisions for liabilities
(175,117)
-
451,814
(47,437)
Capital and reserves
Called up share capital
3
100,000
100,000
Share premium account
25,000
25,000
Profit and loss account
326,814
(172,437)
Shareholders' funds
451,814
(47,437)
Mandarin Consulting Limited
Abbreviated Balance Sheet (Continued)
As at 30 June 2016
Page 2
For the financial period ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit.
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 28 June 2017
C. Waley
Director
Company Registration No. 06319053
Mandarin Consulting Limited
Notes to the Abbreviated Accounts
For the period ended 30 June 2016
Page 3
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 January 2015).
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 recruitment services net of VAT and trade discounts.
recruitment
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:
Plant and machinery
20% straight line
1.5
Investments
Current asset investments are stated at the lower of cost and net realisable value.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Mandarin Consulting Limited
Notes to the Abbreviated Accounts (Continued)
For the period ended 30 June 2016
Page 4
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015
25,739
Additions
11,301
At 30 June 2016
37,040
Depreciation
At 1 January 2015
16,204
Charge for the period
6,021
At 30 June 2016
22,225
Net book value
At 30 June 2016
14,815
At 31 December 2014
9,535
3
Share capital
2016
2014
£
£
Allotted, called up and fully paid
100,000 of £1 each
100,000
100,000