ACCOUNTS - Final Accounts preparation


Caseware UK (AP4) 2016.0.181 2016.0.1812017-06-302017-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalseenvironmental consultancy servicesfalse2016-07-01During the year the Company operated a loan with the director of the Company. The amount payable to the director of the Company at the year end was £7,875. This loan is interest free and repayable on demand.102312092016-06-30102312092016-07-012017-06-30102312092017-06-3010231209 c:Director1 2016-07-012017-06-3010231209 d:PlantMachinery 2016-07-012017-06-3010231209 d:OfficeEquipment 2016-07-012017-06-3010231209 d:OtherPropertyPlantEquipment 2016-07-012017-06-3010231209 d:OtherPropertyPlantEquipment 2017-06-3010231209 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2016-07-012017-06-3010231209 d:CurrentFinancialInstruments 2017-06-3010231209 d:CurrentFinancialInstruments d:WithinOneYear 2017-06-3010231209 d:ShareCapital 2017-06-3010231209 d:RetainedEarningsAccumulatedLosses 2017-06-3010231209 c:OrdinaryShareClass1 2016-07-012017-06-3010231209 c:OrdinaryShareClass1 2017-06-3010231209 c:FRS102 2016-07-012017-06-3010231209 c:AuditExempt-NoAccountantsReport 2016-07-012017-06-3010231209 c:FullAccounts 2016-07-012017-06-3010231209 c:PrivateLimitedCompanyLtd 2016-07-012017-06-3010231209 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2016-07-012017-06-3010231209 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2017-06-30xbrli:sharesiso4217:GBPxbrli:pure

Registered number: 10231209









LIGNA CONSULTANCY LTD


UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

 
LIGNA CONSULTANCY LTD
REGISTERED NUMBER: 10231209

BALANCE SHEET
AS AT 30 JUNE 2017

2017
Note
£

FIXED ASSETS
  

Tangible assets
  
1,675

  
1,675

CURRENT ASSETS
  

Work in progress
  
216

  
216

Creditors: amounts falling due within one year
  
(10,884)

NET CURRENT (LIABILITIES)/ASSETS
  
 
 
(10,668)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(8,993)

  

NET (LIABILITIES)/ASSETS
  
(8,993)


CAPITAL AND RESERVES
  

Called up share capital 
 6 
1

Profit and loss account
  
(8,994)

  
(8,993)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





................................................
Mr Benjamin Hallinan
Director

Date: 12 March 2018
The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
LIGNA CONSULTANCY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017

1.


GENERAL INFORMATION

Ligna Consultancy Ltd is a Company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is 47 Marigold Drive, Red Lodge, Bury St. Edmunds, Suffolk, IP28 8TJ. The Company is not part of a group.

2.ACCOUNTING POLICIES

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis which assumes the continued financial support of the directors and Company bankers.

 
2.3

Revenue

Revenue is recognised in respect of consultancy services provided in the year to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

 
LIGNA CONSULTANCY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017

2.ACCOUNTING POLICIES (CONTINUED)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Office equipment
-
33%
straight line



 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted averagebasis. Work in progress and finished goods include labour and attributable overheads.


 
2.6

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

 
2.7

Creditors

Short term creditors are measured at the transaction price. 


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 1.

Page 3

 
LIGNA CONSULTANCY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017

4.


TANGIBLE FIXED ASSETS





Other fixed assets

£



COST


Additions
2,164



At 30 June 2017

2,164



DEPRECIATION


Charge for the year on owned assets
489



At 30 June 2017

489



NET BOOK VALUE



At 30 June 2017
1,675


5.


CREDITORS: Amounts falling due within one year

2017
£

Bank overdrafts
1,012

Other taxation and social security
1,097

Other creditors
7,875

Accruals and deferred income
900

10,884



6.


SHARE CAPITAL

2017
£
Shares classified as equity

Allotted, called up and fully paid


10 Ordinary shares of £0.10 each
1

During the year 10 Ordinary A shares were issued and paid at par for cash consideration.


7.


RELATED PARTY TRANSACTIONS

During the year the Company operated a loan with the director of the Company. The amount payable to the director of the Company at the year end was £7,875. This loan is interest free and repayable on demand.

Page 4

 
LIGNA CONSULTANCY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017

8.


FIRST TIME ADOPTION OF FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.


Page 5