Registered number
SC405735
Culzean Consulting Ltd
Abbreviated Accounts
31 August 2015
Culzean Consulting Ltd
Registered number: SC405735
Abbreviated Balance Sheet
as at 31 August 2015
Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 502 670
Current assets
Debtors 3,200 1,000
Cash at bank and in hand 5,662 10
8,862 1,010
Creditors: amounts falling due within one year (8,519) (873)
Net current assets 343 137
Net assets 845 807
Capital and reserves
Called up share capital 3 10 10
Profit and loss account 835 797
Shareholders' funds 845 807
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Mr G Kennedy
Director
Approved by the board on 10 February 2016
Culzean Consulting Ltd
Notes to the Abbreviated Accounts
for the year ended 31 August 2015
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% reducing balance
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2 Tangible fixed assets £
Cost
At 1 September 2014 894
At 31 August 2015 894
Depreciation
At 1 September 2014 224
Charge for the year 168
At 31 August 2015 392
Net book value
At 31 August 2015 502
At 31 August 2014 670
3 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each - 10 10
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