Company Registration No. 09704585 (England and Wales)
GENESIS CONSULTANCY 116 LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2016
GENESIS CONSULTANCY 116 LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
GENESIS CONSULTANCY 116 LTD
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2016
31 July 2016
- 1 -
2016
Notes
£
£
Current assets
Cash at bank and in hand
99,565
Creditors: amounts falling due within one year
(21,871)
Total assets less current liabilities
77,694
Capital and reserves
Called up share capital
2
100
Profit and loss account
77,594
Shareholders' funds
77,694
For the financial year ended 31 July 2016 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 and authorised for issue on 7 April 2017
Ms A Yeap
Mr D Chieng
Director
Director
Company Registration No. 09704585
GENESIS CONSULTANCY 116 LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
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
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.5
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.
2
Share capital
2016
£
Allotted, called up and fully paid
1 Ordinary shares of £100 each
100