Doney Consulting Limited - Limited company accounts 16.3

REGISTERED NUMBER: 08012508 (England and Wales)

Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 March 2016

for

Doney Consulting Limited

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

N E Doney

Mrs R M Doney

REGISTERED OFFICE:

3 Wey Court

Mary Road

Guildford

Surrey

GU1 4QU

REGISTERED NUMBER:

08012508 (England and Wales)

ACCOUNTANTS:

AJ Bennewith & Company

3 Wey Court

Mary Road

Guildford

Surrey

GU1 4QU

The directors present their report with the financial statements of the company for the year ended 31 March 2016.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2015 to the date of this report.

N E Doney

Mrs R M Doney

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

N E Doney - Director

20 October 2016

TURNOVER

41,205

34,686

Administrative expenses

20,474

17,287

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

2

20,731

17,399

Tax on profit on ordinary activities

3

4,197

3,547

PROFIT FOR THE FINANCIAL YEAR

16,534

13,852

FIXED ASSETS

Tangible assets

5

758

1,011

CURRENT ASSETS

Debtors

6

1,133

-

Cash at bank

3,861

4,185

4,994

4,185

CREDITORS

Amounts falling due within one year

7

5,637

5,015

NET CURRENT LIABILITIES

(643

)

(830

)

TOTAL ASSETS LESS CURRENT LIABILITIES

115

181

CAPITAL AND RESERVES

Called up share capital

8

100

100

Profit and loss account

9

15

81

SHAREHOLDERS' FUNDS

115

181

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the Board of Directors on 20 October 2016 and were signed on its behalf by:

N E Doney - 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 January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Improvements to property

-

25% on reducing balance

2.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.16

31.3.15

£

£

Depreciation - owned assets

253

337

Directors' remuneration and other benefits etc

8,052

7,956

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

31.3.16

31.3.15

£

£

Current tax:

UK corporation tax

4,197

3,547

Tax on profit on ordinary activities

4,197

3,547

4.

DIVIDENDS

31.3.16

31.3.15

£

£

Ordinary 'A' shares shares of £1 each

Interim

16,600

17,600

5.	TANGIBLE FIXED ASSETS

Improvements

to

property

£

COST

At 1 April 2015

and 31 March 2016

2,396

DEPRECIATION

At 1 April 2015

1,385

Charge for year

253

At 31 March 2016

1,638

NET BOOK VALUE

At 31 March 2016

758

At 31 March 2015

1,011

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.16

31.3.15

£

£

Directors' loan accounts

1,133

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.16

31.3.15

£

£

Tax

4,197

3,547

Directors' loan accounts

-

268

Accrued expenses

1,440

1,200

5,637

5,015

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

50

Ordinary 'A' shares

£1

50

50

50

Ordinary 'B' shares

£1

50

50

100

100

9.

RESERVES

Profit

and loss

account

£

At 1 April 2015

81

Profit for the year

16,534

Dividends

(16,600

)

At 31 March 2016

15

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES