PSC Management Consultancy Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06247187

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2017

FOR

PSC MANAGEMENT CONSULTANCY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTOR:

M D R Horgan

SECRETARY:

REGISTERED OFFICE:

2A Zodiac House

Calleva Park

Aldermaston

Berkshire

RG7 8HN

REGISTERED NUMBER:

06247187

ACCOUNTANTS:

Durrants - Calleva

Accountants and Tax Advisors

2a Zodiac House

Calleva Park

Aldermaston

Berkshire

RG7 8HN

FIXED ASSETS

Intangible assets

3

-

-

Tangible assets

4

2,371

1,515

2,371

1,515

CURRENT ASSETS

Debtors

5

2

1,085

Cash at bank

4,001

2,086

4,003

3,171

CREDITORS

Amounts falling due within one year

6

44,512

47,944

NET CURRENT LIABILITIES

(40,509

)

(44,773

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(38,138

)

(43,258

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(38,140

)

(43,260

)

SHAREHOLDERS' FUNDS

(38,138

)

(43,258

)

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 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 26 April 2018 and were signed by:

M D R Horgan - Director

1.	STATUTORY INFORMATION

PSC Management Consultancy Limited is a private company, limited by shares , registered in Not

specified/Other. 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 June 2016

and 31 May 2017

23,400

AMORTISATION

At 1 June 2016

and 31 May 2017

23,400

NET BOOK VALUE

At 31 May 2017

-

At 31 May 2016

-

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2016

3,460

Additions

1,450

At 31 May 2017

4,910

DEPRECIATION

At 1 June 2016

1,945

Charge for year

594

At 31 May 2017

2,539

NET BOOK VALUE

At 31 May 2017

2,371

At 31 May 2016

1,515

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/17

31/5/16

£

£

Other debtors

2

1,085

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/17

31/5/16

£

£

Trade creditors

130

130

Taxation and social security

1,956

860

Other creditors

42,426

46,954

44,512

47,944

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a

Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2017 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Durrants - Calleva

Accountants and Tax Advisors

2a Zodiac House

Calleva Park

Aldermaston

Berkshire

RG7 8HN

Date: .............................................