The First Financial Consultancy Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03503976 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2017

for

The First Financial Consultancy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A L Davies

SECRETARY:

REGISTERED OFFICE:

1 Mill Court

Mill Lane

Newbury

Berkshire

RG14 5RE

REGISTERED NUMBER:

03503976 (England and Wales)

ACCOUNTANTS:

Smiths Chartered Accountants

Unit 114, Boston House

Grove Technology Park

Wantage

Oxon

OX12 9FF

CURRENT ASSETS

Debtors

4

10,084

16,278

Cash at bank

1,718

14,644

11,802

30,922

CREDITORS

Amounts falling due within one year

5

2,123

5,040

NET CURRENT ASSETS

9,679

25,882

TOTAL ASSETS LESS CURRENT LIABILITIES

9,679

25,882

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

9,677

25,880

SHAREHOLDERS' FUNDS

9,679

25,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director on 18 October 2017 and were signed by:

A L Davies - Director

1.	STATUTORY INFORMATION

The First Financial 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

Turnover 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.

Plant and machinery etc

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

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 balance sheet date.

Deferred tax

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

the balance sheet 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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2016

and 28 February 2017

550

DEPRECIATION

At 1 March 2016

and 28 February 2017

550

NET BOOK VALUE

At 28 February 2017

-

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Trade debtors

8,401

586

Other debtors

1,683

15,692

10,084

16,278

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Trade creditors

1,183

1,684

Taxation and social security

-

2,536

Other creditors

940

820

2,123

5,040

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A L Davies.