Theola Consulting Ltd - Period Ending 2015-03-31

Theola Consulting Ltd - Period Ending 2015-03-31


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Registration number: 07806084

Theola Consulting Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Booth & Co
Chartered Certified Accountants
The Hermitage
15A Shenfield Road
Brentwood
Essex
CM15 8AG

 

Theola Consulting Ltd
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3 to 4

 

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 4) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Theola Consulting Ltd
for the Year Ended 31 March 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Theola Consulting Ltd for the year ended 31 March 2015 set out on pages 2 to 4 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://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Theola Consulting Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Theola Consulting Ltd 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 Theola Consulting Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Theola Consulting Ltd 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 Theola Consulting Ltd. You consider that Theola Consulting Ltd 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 Theola Consulting Ltd. 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.

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

Booth & Co
Chartered Certified Accountants
The Hermitage
15A Shenfield Road
Brentwood
Essex
CM15 8AG

31 July 2015

 

Theola Consulting Ltd
(Registration number: 07806084)
Abbreviated Balance Sheet at 31 March 2015

   

Note

   

2015
£

   

2014
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

363

   

834

 

Current assets

 

             

Debtors

 

   

3,835

   

7,200

 

Cash at bank and in hand

 

   

3,485

   

22,731

 
   

   

7,320

   

29,931

 

Creditors: Amounts falling due within one year

 

   

(7,525)

   

(14,307)

 

Net current (liabilities)/assets

 

   

(205)

   

15,624

 

Net assets

 

   

158

   

16,458

 

Capital and reserves

 

             

Called up share capital

 

3

   

100

   

100

 

Profit and loss account

 

   

58

   

16,358

 

Shareholders' funds

 

   

158

   

16,458

 

For the year ending 31 March 2015 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 director acknowledges his 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 director on 31 July 2015

.........................................
Mr Mark Stephen Lawrence
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

Theola Consulting Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... 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.

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

Office equipment

Straight Line over 3 years

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.

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 April 2014

 

1,429

   

1,429

 

At 31 March 2015

 

1,429

   

1,429

 

Depreciation

           

At 1 April 2014

 

595

   

595

 

Charge for the year

 

471

   

471

 

At 31 March 2015

 

1,066

   

1,066

 

Net book value

           

At 31 March 2015

 

363

   

363

 

At 31 March 2014

 

834

   

834

 
 

Theola Consulting Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

3

Share capital

Allotted, called up and fully paid shares

 

2015

2014

   

No.

   

£

   

No.

   

£

 

Ordinary voting shares of £1 each

 

100

   

100

   

100

   

100