David Rodney Consulting Limited - Period Ending 2014-12-31

Registration number: 07472929

David Rodney Consulting Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

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

David Rodney Consulting Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

David Rodney Consulting Limited
(Registration number: 07472929)
Abbreviated Balance Sheet at 31 December 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets		2			566			2,103
Current assets
Debtors					-			3,390
Cash at bank and in hand					-			36
					-			3,426
Creditors: Amounts falling due within one year					(690)			(1,054)
Net current (liabilities)/assets					(690)			2,372
Total assets less current liabilities					(124)			4,475
Provisions for liabilities					(112)			(421)
Net (liabilities)/assets					(236)			4,054
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					(237)			4,053
Shareholders' (deficit)/funds					(236)			4,054

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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 by the director on 16 September 2015

.........................................
Mr DJ Rodney
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

David Rodney Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions: Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Page 2

David Rodney Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2014		7,055			7,055
At 31 December 2014		7,055			7,055
Depreciation
At 1 January 2014		4,952			4,952
Charge for the year		1,537			1,537
At 31 December 2014		6,489			6,489
Net book value
At 31 December 2014		566			566
At 31 December 2013		2,103			2,103

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

4	Related party transactions

Director's advances and credits

	2014 Advance/ Credit £	2014 Repaid £	2013 Advance/ Credit £	2013 Repaid £
Mr DJ Rodney
Loan	-	3,043	3,043	-

Page 3