Shinx Consultancy Limited - Period Ending 2016-04-30

Registration number: 03534401

Shinx Consultancy Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

Shinx Consultancy Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Shinx Consultancy Limited
(Registration number: 03534401)
Abbreviated Balance Sheet at 30 April 2016

		Note			2016 £			(As restated) 2015 £
Fixed assets
Tangible fixed assets		2			49,957			60,250
Current assets
Debtors					117,171			78,131
Cash at bank and in hand					238,532			220,201
					355,703			298,332
Creditors: Amounts falling due within one year					(106,828)			(92,906)
Net current assets					248,875			205,426
Total assets less current liabilities					298,832			265,676
Provisions for liabilities					(6,281)			(7,975)
Net assets					292,551			257,701
Capital and reserves
Called up share capital		3			30,080			30,080
Other reserves					20,000			20,000
Profit and loss account					242,471			207,621
Shareholders' funds					292,551			257,701

Page 1

Shinx Consultancy Limited
(Registration number: 03534401)
Abbreviated Balance Sheet at 30 April 2016
......... continued

For the year ending 30 April 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 31 January 2017 and signed on its behalf by:

.........................................
A T Halls
Director

Page 2

Shinx Consultancy Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 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 the total invoice value, excluding value added tax, of sales made during the year. Income is recognised based on the level of completion of services.

Depreciation

Tangible fixed assets are initially recorded at cost. Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance basis
Motor vehicles	25% straight line basis
Computer equipment	33% reducing balance basis

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

Shinx Consultancy Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2015		64,967			64,967
Additions		5,576			5,576
At 30 April 2016		70,543			70,543
Depreciation
At 1 May 2015		4,717			4,717
Charge for the year		15,869			15,869
At 30 April 2016		20,586			20,586
Net book value
At 30 April 2016		49,957			49,957
At 30 April 2015		60,250			60,250

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		30,000			30,000			30,000			30,000
Ordinary A shares of £1 each		20			20			20			20
Ordinary B shares of £1 each		20			20			20			20
Ordinary C shares of £1 each		20			20			20			20
Ordinary D shares of £1 each		20			20			20			20
		30,080			30,080			30,080			30,080

4	Prior period adjustments

An adjustment has been made to the prior period to reflect a share allotment that happened on 29 April 2015 but was not reflected in the prior period. There is no tax effect of the prior year adjustment.

Page 4