R8 Consulting Limited - Period Ending 2016-05-31

Registration number: 06595037

R8 Consulting Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2016
 

R8 Consulting Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

R8 Consulting Limited
(Registration number: 06595037)
Abbreviated Balance Sheet at 31 May 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			3,602			587
Current assets
Debtors					16,189			14,705
Cash at bank and in hand					52,559			376
					68,748			15,081
Creditors: Amounts falling due within one year					(29,111)			(7,891)
Net current assets					39,637			7,190
Total assets less current liabilities					43,239			7,777
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					43,139			7,677
Shareholders' funds					43,239			7,777

For the year ending 31 May 2016 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 15 July 2016 and signed on its behalf by:

.........................................
Mr R L Evans
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

R8 Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... 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 January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of services to clients.

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	25% Straight Line

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

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 June 2015		600			600
Additions		3,647			3,647
At 31 May 2016		4,247			4,247
Depreciation
At 1 June 2015		13			13
Charge for the year		632			632
At 31 May 2016		645			645
Net book value
At 31 May 2016		3,602			3,602
At 31 May 2015		587			587

Page 2

R8 Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3