Rural Business Consultancy Limited - Period Ending 2014-10-31

Registration number: 07313007

Rural Business Consultancy Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2014
 

Gilbie Roberts Limited
Chartered Certified Accountants
1 Church Terrace
Yeovil
Somerset
BA20 1HX

Rural Business Consultancy Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Rural Business Consultancy Limited
for the Year Ended 31 October 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rural Business Consultancy Limited for the year ended 31 October 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Rural Business Consultancy Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of Rural Business Consultancy Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rural Business Consultancy Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Rural Business Consultancy Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Rural Business Consultancy Limited. You consider that Rural Business Consultancy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Rural Business Consultancy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Gilbie Roberts Limited
Chartered Certified Accountants
1 Church Terrace
Yeovil
Somerset
BA20 1HX

1 May 2015

Page 1

Rural Business Consultancy Limited
(Registration number: 07313007)
Abbreviated Balance Sheet at 31 October 2014

		Note			2014 £			2013 £
Fixed assets
Intangible fixed assets					10,800			12,600
Tangible fixed assets					61			72
					10,861			12,672
Current assets
Debtors					14,068			6,905
Cash at bank and in hand					11,998			9,407
					26,066			16,312
Creditors: Amounts falling due within one year					(25,260)			(20,000)
Net current assets/(liabilities)					806			(3,688)
Net assets					11,667			8,984
Capital and reserves
Profit and loss account					11,667			8,984
Shareholders' funds					11,667			8,984

For the year ending 31 October 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 1 April 2015 and signed on its behalf by:

.........................................
Mr J Graham
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Rural Business Consultancy Limited
(Registration number: 07313007)
Abbreviated Balance Sheet at 31 October 2014
......... continued

.........................................
Ms J Adam
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Rural Business Consultancy Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	Equally over 10 years

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

Rural Business Consultancy Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2014
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 November 2013		18,000			170			18,170
At 31 October 2014		18,000			170			18,170
Depreciation
At 1 November 2013		5,400			98			5,498
Charge for the year		1,800			11			1,811
At 31 October 2014		7,200			109			7,309
Net book value
At 31 October 2014		10,800			61			10,861
At 31 October 2013		12,600			72			12,672

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 5