The ESOP Centre Limited - Limited company - abbreviated

REGISTERED NUMBER: 02252327

Abbreviated Unaudited Accounts for the Year Ended 30 June 2014

for

The ESOP Centre Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

4

DIRECTOR:

M Hurlston

SECRETARY:

L Wilbert

REGISTERED OFFICE:

105A Randolph Ave

London,

W9 1DL

REGISTERED NUMBER:

02252327

ACCOUNTANTS:

St James's Associates Limited

Certified Accountants

Level 34, One Canada Place

Canary Wharf

London

E14 1AA

FIXED ASSETS

Tangible assets

2

5,520

7,360

CURRENT ASSETS

Debtors

12,148

62,591

Cash at bank

9,061

1,913

21,209

64,504

CREDITORS

Amounts falling due within one year

38,935

52,450

NET CURRENT (LIABILITIES)/ASSETS

(17,726

)

12,054

TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,206

)

19,414

RESERVES

Other reserves

47,999

Income and expenditure account

(60,205

)

(28,585

)

(12,206

)

19,414

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 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 surplus or deficit 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 9 January 2015 and were signed by:

M Hurlston - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of services, excluding value added tax.

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

-

20% on cost

Deferred tax

Deferred tax is recognised in respect of timing differences that have originated but not reversed at the balance

sheet date, with the exception of asset balances which are unlikely to crystallise.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

9,200

DEPRECIATION

At 1 July 2013

1,840

Charge for year

1,840

At 30 June 2014

3,680

NET BOOK VALUE

At 30 June 2014

5,520

At 30 June 2013

7,360

The computer equipment addition of £9,200 relates to the development of a new website.

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

M Hurlston, a director of The ESOP Centre Limited, is also a director of Malcolm Hurlston Corporate

Consultancy Limited a company in which he has a material interest. During the year, purchases and recharged

expenses to the value of £127,958 (2013: £153,005) were made from this company. As at the year end date there

was an amount owing to them of £12,897 (2012: £27,658)

4.	DEFERRED TAX

As at the year end date there were trading losses amounting to £92,022 (2013 £72,471) available to carry

forward against future trading profits. A deferred tax asset has not been provided in respect of this as this asset is

not expected to crystallise in the foreseeable future. The deferred tax asset not provided for amounts to £18,404

(2013 £14,860).

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

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended

30 June 2014 set out on pages three to seven 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