Ian Bradley Consulting Limited - Period Ending 2017-09-30

Registration number: 06569735

Ian Bradley Consulting Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 April 2016 to 30 September 2017

Ian Bradley Consulting Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 4

Ian Bradley Consulting Limited

(Registration number: 06569735)
Balance Sheet as at 30 September 2017

	Note	2017 £	2016 £
Fixed assets
Tangible assets	4	-	1,039
Current assets
Debtors	5	11,504	5,976
Cash at bank and in hand		31,207	60,192
		42,711	66,168
Creditors: Amounts falling due within one year	6	(28,147)	(34,358)
Net current assets		14,564	31,810
Net assets		14,564	32,849
Capital and reserves
Called up share capital		100	100
Profit and loss account		14,464	32,749
Total equity		14,564	32,849

For the financial period ending 30 September 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 21 January 2018
 

.........................................

I K Bradley

Director

The notes on pages 2 to 4 form an integral part of these financial statements.

Page 1

Ian Bradley Consulting Limited

Notes to the Financial Statements for the Period from 1 April 2016 to 30 September 2017

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

The principal place of business is:
Jade Cottage
4 Grove Place
East Grafton
Marlborough
Wiltshire
SN8 3FT
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	33% straight line basis
Fixtures & fittings	33% straight line basis

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2016 - 1).

Page 2

Ian Bradley Consulting Limited

Notes to the Financial Statements for the Period from 1 April 2016 to 30 September 2017

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2016	7,868	7,868
Additions	1,176	1,176
Disposals	(9,044)	(9,044)
At 30 September 2017	-	-
Depreciation
At 1 April 2016	6,829	6,829
Charge for the year	1,284	1,284
Eliminated on disposal	(8,113)	(8,113)
At 30 September 2017	-	-
Carrying amount
At 30 September 2017	-	-
At 31 March 2016	1,039	1,039

5

Debtors

	2017 £	2016 £
Trade debtors	-	5,976
Other debtors	11,504	-
Total current trade and other debtors	11,504	5,976

Page 3

Ian Bradley Consulting Limited

Notes to the Financial Statements for the Period from 1 April 2016 to 30 September 2017

6

Creditors

	Note	2017 £	2016 £
Due within one year
Trade creditors		119	-
Taxation and social security		26,924	33,488
Other creditors		1,104	870
		28,147	34,358

7	Related party transactions

Transactions with directors

2017	At 1 April 2016 £	Advances to directors £	Repayments by director £	At 30 September 2017 £
I K Bradley
	(237)	26,937	(15,196)	11,504

Other transactions with directors

I Bradley had a loan with the company on which there is an obligation to pay interest at the HMRC official rate. At the balance sheet date the amount due to/(from) I Bradley was (£11,504) (2016: £237).

8	Transition to FRS 102

There were no changes required as a result of transition to FRS 102.

Page 4