Ian Bradley Consulting Limited - Period Ending 2021-03-31

Ian Bradley Consulting Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

Ian Bradley Consulting Limited

(Registration number: 06569735)
Balance Sheet as at 31 March 2021

	Note	2021 £	2020 £
Fixed assets
Tangible assets	4	1,983	1,345
Current assets
Debtors	5	4,000	3,349
Cash at bank and in hand		65,603	18,973
		69,603	22,322
Creditors: Amounts falling due within one year	6	(42,385)	(20,029)
Net current assets		27,218	2,293
Net assets		29,201	3,638
Capital and reserves
Called up share capital		100	100
Profit and loss account		29,101	3,538
Shareholders' funds		29,201	3,638

For the financial year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 6 September 2021
 

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

I K Bradley
Director

Ian Bradley Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of consultancy services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line basis

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2020 - 1).

Ian Bradley Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 April 2020	1,787	1,787
Additions	1,299	1,299
At 31 March 2021	3,086	3,086
Depreciation
At 1 April 2020	442	442
Charge for the year	661	661
At 31 March 2021	1,103	1,103
Carrying amount
At 31 March 2021	1,983	1,983
At 31 March 2020	1,345	1,345

5

Debtors

	2021 £	2020 £
Other debtors	4,000	3,349
	4,000	3,349

Ian Bradley Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

6

Creditors

Creditors: amounts falling due within one year

	2021 £	2020 £
Due within one year
Trade creditors	-	348
Taxation and social security	26,323	13,751
Other creditors	16,062	5,930
	42,385	20,029

7	Related party transactions

Other transactions with directors

I K Bradley provided a loan to the company. This is interest free and at the balance sheet date an amount due to the director of £16,062 (2020: £5,930) was outstanding.