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Elizabeth Buchanan Consultancy Limited |
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Unaudited Financial Statements for the Year Ended 31 December 2019 |
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REGISTERED NUMBER:
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Elizabeth Buchanan Consultancy Limited |
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Unaudited Financial Statements for the Year Ended 31 December 2019 |
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Elizabeth Buchanan Consultancy Limited (Registered number: 09889266) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Elizabeth Buchanan Consultancy Limited |
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Company Information |
for the Year Ended 31 December 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Atlantic House |
8 Bell Lane |
Bellbrook Industrial Estate |
Uckfield |
East Sussex |
TN22 1QL |
Elizabeth Buchanan Consultancy Limited (Registered number: 09889266) |
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Balance Sheet |
31 December 2019 |
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2019 | 2018 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR |
5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges her responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Elizabeth Buchanan Consultancy Limited (Registered number: 09889266) |
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Balance Sheet - continued |
31 December 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
were signed by: |
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Elizabeth Buchanan Consultancy Limited (Registered number: 09889266) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2019 |
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1. | STATUTORY INFORMATION |
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Elizabeth Buchanan Consultancy Limited is a
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England and Wales. The company's registered number and registered office address can be found on |
the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents revenue, net of VAT, from commercial transactions under which the company |
supplies customers the services that it is in business to provide and it is recognised when it obtains, |
through performance under contract, the right to consideration for those services. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss |
Account, except to the extent that it relates to items recognised in other comprehensive income or |
directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that |
are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is |
probable that they will be recovered against the reversal of deferred tax liabilities or other future |
taxable profits. |
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Pension costs and other post-retirement benefits |
The company contributes to its employee's personal pension scheme. Contributions payable are |
charged to the income statement in the period to which they relate. |
Elizabeth Buchanan Consultancy Limited (Registered number: 09889266) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2019 |
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2. | ACCOUNTING POLICIES - continued |
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Going concern |
The director has assessed whether the going concern basis of preparation continues to be |
appropriate, based on whether there are any material uncertainties related to events or conditions |
that may cast significant doubt on the ability of the company to continue as a going concern. This |
assessment has been required in light of the significant uncertainty around the short to medium |
term impact of the spread of the Covid-19 virus. |
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At the time of approving the financial statements the director believes that all appropriate measures |
have been or will be taken to ensure that the company will be able to continue its operations for at |
least the next twelve months and thus concludes that the going concern basis remains appropriate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Taxation and social security |
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Other creditors |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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7. | RELATED PARTY DISCLOSURES |
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At the balance sheet date the company owed its director £7,296 (2018 - £5,498). This balance is |
unsecured, interest free and repayable on demand. |