Consultika Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07360805 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2018

for

Consultika Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTOR:

Mr S A Crosby

REGISTERED OFFICE:

3 Clover House

Boston Road

Sleaford

Lincolnshire

NG34 7HD

REGISTERED NUMBER:

07360805 (England and Wales)

ACCOUNTANTS:

D Hubbard Accountancy Limited

3 Clover House

Boston Road

Sleaford

Lincolnshire

NG34 7HD

FIXED ASSETS

Intangible assets

4

77,000

88,000

Tangible assets

5

19,817

27,221

Investments

6

100,000

-

196,817

115,221

CURRENT ASSETS

Stocks

20,000

18,948

Debtors

7

17,416

19,534

Cash at bank and in hand

46,201

24,377

83,617

62,859

CREDITORS

Amounts falling due within one year

8

140,355

159,524

NET CURRENT LIABILITIES

(56,738

)

(96,665

)

TOTAL ASSETS LESS CURRENT LIABILITIES

140,079

18,556

CREDITORS

Amounts falling due after more than one year

9

127,901

12,467

NET ASSETS

12,178

6,089

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

11

11,178

5,089

SHAREHOLDERS' FUNDS

12,178

6,089

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 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 December 2018 and were signed by:

Mr S A Crosby - Director

1.	STATUTORY INFORMATION

Consultika 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

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.

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

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2017 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2017

and 31 August 2018

110,000

AMORTISATION

At 1 September 2017

22,000

Charge for year

11,000

At 31 August 2018

33,000

NET BOOK VALUE

At 31 August 2018

77,000

At 31 August 2017

88,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2017

48,630

Additions

2,356

At 31 August 2018

50,986

DEPRECIATION

At 1 September 2017

21,409

Charge for year

9,760

At 31 August 2018

31,169

NET BOOK VALUE

At 31 August 2018

19,817

At 31 August 2017

27,221

6.	FIXED ASSET INVESTMENTS

Other

loans

£

New in year

100,000

At 31 August 2018

100,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Trade debtors

16,416

18,534

Other debtors

1,000

1,000

17,416

19,534

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Bank loans and overdrafts

31,000

-

Hire purchase contracts

3,400

3,400

Trade creditors

10,866

10,906

Wages control

-

2,987

Tax

11,971

6,536

Social security and other taxes

4,029

1,932

VAT Account

14,944

9,562

Directors' current accounts

62,540

122,641

Accrued expenses

1,605

1,560

140,355

159,524

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.18

31.8.17

£

£

Bank loans - 1-2 years

31,000

-

Bank loans - 2-5 years

87,834

-

Hire purchase contracts

9,067

12,467

127,901

12,467

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.18

31.8.17

value:

£

£

1,000

Ordinary

£1

1,000

1,000

11.

RESERVES

Retained

earnings

£

At 1 September 2017

5,089

Profit for the year

32,220

Dividends

(26,131

)

At 31 August 2018

11,178

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £26,131 (2017 - £21,834) were paid to the directors .

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr S A Crosby.

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 August 2018 set out on pages two to six 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.

D Hubbard Accountancy Limited

3 Clover House

Boston Road

Sleaford

Lincolnshire

NG34 7HD

18 December 2018