David Rodney Consulting Limited - Period Ending 2018-12-31

Registration number: 07472929

David Rodney Consulting Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2018

Makinson & Co.
Chartered Certified Accountants
1 Hill Street
Lydney
Glos
GL15 5HB

David Rodney Consulting Limited

Profit and Loss Account for the Year Ended 31 December 2018

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

The notes on pages 3 to 5 form an integral part of these financial statements.

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David Rodney Consulting Limited

(Registration number: 07472929)
Balance Sheet as at 31 December 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	3	566	566
Creditors: Amounts falling due within one year	4	(690)	(690)
Total assets less current liabilities		(124)	(124)
Provisions for liabilities	5	(112)	(112)
Net liabilities		(236)	(236)
Capital and reserves
Called up share capital	6	1	1
Profit and loss account		(237)	(237)
Total equity		(236)	(236)

For the financial year ending 31 December 2018 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 26 August 2019
 

.........................................

Mr DJ Rodney

Director

The notes on pages 3 to 5 form an integral part of these financial statements.

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David Rodney Consulting Limited

Notes to the Financial Statements for the Year Ended 31 December 2018

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Birchfield House The Common
St Briavels
Lydney
Glos
GL15 6SG
United Kingdom

These financial statements were authorised for issue by the director on 26 August 2019.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Other tanbile assets	20% to 33.33% straight line

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David Rodney Consulting Limited

Notes to the Financial Statements for the Year Ended 31 December 2018

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2018	7,056	7,056
At 31 December 2018	7,056	7,056
Depreciation
At 1 January 2018	6,490	6,490
At 31 December 2018	6,490	6,490
Carrying amount
At 31 December 2018	566	566
At 31 December 2017	566	566

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David Rodney Consulting Limited

Notes to the Financial Statements for the Year Ended 31 December 2018

4

Creditors

	Note	2018 £	2017 £
Due within one year
Amounts due to related parties		690	690

5	Deferred tax and other provisions

	Deferred tax £	Total £
At 1 January 2018	112	112
At 31 December 2018	112	112

6	Share capital

Allotted, called up and fully paid shares

	2018		2017
	No.	£	No.	£
Ordinary share of £1 each	1	1	1	1

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