Consult 24/7 Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07565022 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Consult 24/7 Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

F Farah

M Farooq

SECRETARY:

REGISTERED OFFICE:

4 Whitchurch Parade

Whitchurch Lane

Edgware

Middlesex

HA8 6LR

REGISTERED NUMBER:

07565022 (England and Wales)

ACCOUNTANTS:

Amity Management Consulting Ltd

Chartered Certified Accountants

04 Whitchurch Parade

Whitchurch Lane

Edgware

Middlesex

HA8 6LR

FIXED ASSETS

Tangible assets

2

2,849

145,664

CURRENT ASSETS

Stocks

45,476

38,541

Debtors

218,521

99,491

Cash at bank and in hand

63,008

100,715

327,005

238,747

CREDITORS

Amounts falling due within one year

108,767

218,645

NET CURRENT ASSETS

218,238

20,102

TOTAL ASSETS LESS CURRENT LIABILITIES

221,087

165,766

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

220,987

165,666

SHAREHOLDERS' FUNDS

221,087

165,766

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 15 December 2015 and were signed on its behalf by:

M Farooq - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

149,850

Additions

340

Disposals

(140,678

)

At 31 March 2015

9,512

DEPRECIATION

At 1 April 2014

4,186

Charge for year

2,477

At 31 March 2015

6,663

NET BOOK VALUE

At 31 March 2015

2,849

At 31 March 2014

145,664

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2015 and

31 March 2014:

31.3.15

31.3.14

£

£

F Farah

Balance outstanding at start of year

4,471

4,471

Amounts repaid

-

-

Balance outstanding at end of year

4,471

4,471