Just Williams Consultancy Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09585056 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2017

FOR

JUST WILLIAMS CONSULTANCY LIMITED

TRADING AS

JUST WILLIAMS

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss J A Williams

REGISTERED OFFICE:

Barrington House

41-45 Yarm Lane

Stockton on Tees

Cleveland

TS18 3EA

REGISTERED NUMBER:

09585056 (England and Wales)

ACCOUNTANTS:

Baines Jewitt Limited

Chartered Accountants

Barrington House

41-45 Yarm Lane

Stockton-on-Tees

Cleveland

TS18 3EA

FIXED ASSETS

Tangible assets

4

864

1,728

CURRENT ASSETS

Debtors

7,541

5,340

Cash at bank

8,725

3,675

16,266

9,015

CREDITORS

Amounts falling due within one year

11,139

8,939

NET CURRENT ASSETS

5,127

76

TOTAL ASSETS LESS CURRENT LIABILITIES

5,991

1,804

PROVISIONS FOR LIABILITIES

171

346

NET ASSETS

5,820

1,458

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,720

1,358

SHAREHOLDERS' FUNDS

5,820

1,458

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 February 2018 and were signed by:

Miss J A Williams - Director

1.	STATUTORY INFORMATION

Just Williams 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 31 May 2017 are the first that are prepared in accordance with FRS

102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of

transition to FRS 102 Section 1A is 11 May 2015.

Adopting FRS 102 (Section 1A) has not resulted in any accounting policies needing to be changed to comply

with the new standard, and there are therefore no changes to equity or profit as a result of this transition.

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.

Computer equipment

-

33% 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2016

and 31 May 2017

2,592

DEPRECIATION

At 1 June 2016

864

Charge for year

864

At 31 May 2017

1,728

NET BOOK VALUE

At 31 May 2017

864

At 31 May 2016

1,728

5.	RELATED PARTY DISCLOSURES

During the year loans subsisted between Just Williams Consultancy Limited and its Director.

The loan was not overdrawn at any time and the balance owed to the Director at the year end was:

2017

2016

£

£

Miss J Williams

4,905

4,900

6.	ULTIMATE CONTROLLING PARTY

The company is controlled by it's Director.