| 1ST LINE CONSULTING LIMITED |
| Balance Sheet |
| as at 31 October 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
14,944 |
|
|
17,423 |
|
| Current assets |
| Debtors |
4 |
|
360 |
|
|
360 |
| Cash at bank and in hand |
|
|
344 |
|
|
- |
|
|
|
704 |
|
|
360 |
|
| Creditors: amounts falling due within one year |
5 |
|
(171,813) |
|
|
(167,915) |
|
| Net current liabilities |
|
|
|
(171,109) |
|
|
(167,555) |
|
| Net liabilities |
|
|
|
(156,165) |
|
|
(150,132) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
6 |
|
|
1 |
|
|
1 |
| Profit and loss account |
7 |
|
|
(156,166) |
|
|
(150,133) |
|
| Shareholders' funds |
|
|
|
(156,165) |
|
|
(150,132) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
|
| Mr A. Adedeji-Iyiola |
| Director |
| Approved by the board on 30 July 2015 |
|
| 1ST LINE CONSULTING LIMITED |
| Notes to the Accounts |
| for the year ended 31 October 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% straight line |
|
Motor vehicles |
25% straight line |
|
|
| 2 |
Operating profit |
2014 |
|
2013 |
| £ |
£ |
|
This is stated after charging: |
|
|
Depreciation of owned fixed assets |
2,479 |
|
2,479 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 November 2013 |
10,331 |
|
14,467 |
|
24,798 |
|
At 31 October 2014 |
10,331 |
|
14,467 |
|
24,798 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2013 |
3,037 |
|
4,338 |
|
7,375 |
|
Charge for the year |
1,033 |
|
1,446 |
|
2,479 |
|
At 31 October 2014 |
4,070 |
|
5,784 |
|
9,854 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2014 |
6,261 |
|
8,683 |
|
14,944 |
|
At 31 October 2013 |
7,294 |
|
10,129 |
|
17,423 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2014 |
|
2013 |
| £ |
£ |
|
|
Other debtors |
360 |
|
360 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2014 |
|
2013 |
| £ |
£ |
|
|
Bank loans and overdrafts |
231 |
|
58,641 |
|
Other creditors |
171,582 |
|
109,274 |
|
|
|
|
|
|
171,813 |
|
167,915 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
- |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Profit and loss account |
2014 |
| £ |
|
|
At 1 November 2013 |
(150,133) |
|
Loss for the year |
(6,033) |
|
|
At 31 October 2014 |
(156,166) |
|
|
|
|
|
|
|
