Cornus Consultancy Limited - Accounts to registrar - small 17.2

Cornus Consultancy Limited - Accounts to registrar - small 17.2


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REGISTERED NUMBER: 05469341(England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2016

for

Cornus Consultancy Limited

Cornus Consultancy Limited (Registered number: 05469341)

Contents of the Financial Statements
for the year ended 31 December 2016










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Cornus Consultancy Limited

Company Information
for the year ended 31 December 2016







DIRECTOR: A Porter





SECRETARY: R Porter





REGISTERED OFFICE: Kenton House
Oxford Street
MORETON IN MARSH
GL56 0LA





REGISTERED NUMBER: 05469341(England and Wales)





ACCOUNTANTS: Tayabali Tomlin
20 Imperial Square
CHELTENHAM
GL50 1QZ

Cornus Consultancy Limited (Registered number: 05469341)

Statement of Financial Position
31 December 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 7,145 2,942

CURRENT ASSETS
Debtors 5 43,321 428,571
Cash at bank and in hand 132,567 10,548
175,888 439,119
CREDITORS
Amounts falling due within one year 6 39,445 25,296
NET CURRENT ASSETS 136,443 413,823
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,588

416,765

PROVISIONS FOR LIABILITIES 1,429 588
NET ASSETS 142,159 416,177

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 142,155 416,173
SHAREHOLDERS' FUNDS 142,159 416,177

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Cornus Consultancy Limited (Registered number: 05469341)

Statement of Financial Position - continued
31 December 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 11 September 2017and were signed by:





A Porter- Director


Cornus Consultancy Limited (Registered number: 05469341)

Notes to the Financial Statements
for the year ended 31 December 2016


1. STATUTORY INFORMATION

Cornus Consultancy Limited is a private company, limited by shares, registered in England and
Wales. The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of
Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive
income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable
profits.

Cornus Consultancy Limited (Registered number: 05469341)

Notes to the Financial Statements - continued
for the year ended 31 December 2016


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3.

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2016 914 10,899 11,813
Additions 5,934 2,087 8,021
At 31 December 2016 6,848 12,986 19,834
DEPRECIATION
At 1 January 2016 630 8,241 8,871
Charge for year 1,555 2,263 3,818
At 31 December 2016 2,185 10,504 12,689
NET BOOK VALUE
At 31 December 2016 4,663 2,482 7,145
At 31 December 2015 284 2,658 2,942

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 43,192 100,783
Other debtors 129 327,788
43,321 428,571

Cornus Consultancy Limited (Registered number: 05469341)

Notes to the Financial Statements - continued
for the year ended 31 December 2016


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Taxation and social security 30,824 23,373
Other creditors 8,621 1,923
39,445 25,296

7. RELATED PARTY DISCLOSURES

Included within debtors is a director's loan account in the sum of £129 (2015: £327,788) which has
been provided to A Porter. The account is unsecured, accrues interest at HM Revenue & Customs'
official rate and was repaid after the year end.

8. CONTROLLING PARTY

The company is controlled by A Porter by virtue of his shareholding.