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Registration number: 6888240

Watford Consulting Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

 

Watford Consulting Ltd
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 3

 

Watford Consulting Ltd
(Registration number: 6888240)
Abbreviated Balance Sheet at 30 April 2016

 

Note

    

2016
£

    

2015
£

  

Fixed assets

  

   

   

 

Tangible fixed assets

  

2

   

1,290

   

1,720

 

Current assets

  

   

   

 

Debtors

  

   

14,160

   

5,801

 

Cash at bank and in hand

  

   

18,465

   

19,559

 

 

   

32,625

   

25,360

 

Creditors: Amounts falling due within one year

  

   

(22,727)

   

(22,861)

 

Net current assets

  

   

9,898

   

2,499

 

Net assets

  

   

11,188

   

4,219

 

Capital and reserves

  

   

   

 

Called up share capital

 

3

   

1

   

1

 

Profit and loss account

  

   

11,187

   

4,218

 

Shareholders' funds

  

   

11,188

   

4,219

 

For the year ending 30 April 2016 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 2 September 2016

.........................................
Daniel Lewis Watford
Director

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

 

Watford Consulting Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... 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 January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Office equipment

25% Reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Fixed assets

 

Tangible assets
£

    

Total
£

  

Cost

  

   

 

At 1 May 2015

  

2,813

    

2,813

  

At 30 April 2016

  

2,813

    

2,813

  

Depreciation

  

   

 

At 1 May 2015

  

1,093

    

1,093

  

Charge for the year

  

430

    

430

  

At 30 April 2016

  

1,523

    

1,523

  

Net book value

  

   

 

At 30 April 2016

  

1,290

   

1,290

 

At 30 April 2015

  

1,720

   

1,720

 

Page 2

 

Watford Consulting Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

1

   

1

   

1

   

1

 
                         

Page 3