A & H Currie Consultancy Services Ltd - Accounts to registrar

REGISTERED NUMBER: 04993915 (England and Wales)

A & H Currie Consultancy Services

Limited

Unaudited Financial Statements for the Year Ended 31 December 2016

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A M J Currie

Mrs H E Currie

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

04993915 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

HSBC Bank plc

PO Box 120

49 Corn Street

Bristol

BS99 7PP

FIXED ASSETS

Tangible assets

5

86,637

60,043

CURRENT ASSETS

Debtors

345,593

268,701

CREDITORS

Amounts falling due within one year

295,976

218,209

NET CURRENT ASSETS

49,617

50,492

TOTAL ASSETS LESS CURRENT
LIABILITIES

136,254

110,535

CREDITORS

Amounts falling due after more than one
year

126,109

100,095

NET ASSETS

10,145

10,440

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

10,143

10,438

SHAREHOLDERS' FUNDS

10,145

10,440

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 profit or loss 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 September 2017 and were signed on its behalf
by:

A M J Currie - Director

1.	STATUTORY INFORMATION

A & H Currie Consultancy Services Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	STATEMENT OF COMPLIANCE

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

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and over life of lease

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

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

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2015 - 5 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2016

119,758

Additions

67,708

Disposals

(4,650

)

At 31 December 2016

182,816

DEPRECIATION

At 1 January 2016

59,715

Charge for year

36,464

At 31 December 2016

96,179

NET BOOK VALUE

At 31 December 2016

86,637

At 31 December 2015

60,043

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as

follows:

Totals

£

COST

At 1 January 2016

55,776

Additions

67,442

Disposals

(4,650

)

At 31 December 2016

118,568

DEPRECIATION

At 1 January 2016

12,356

Charge for year

30,889

At 31 December 2016

43,245

NET BOOK VALUE

At 31 December 2016

75,323

At 31 December 2015

43,420

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

Finance leases

31.12.16

31.12.15

31.12.16

31.12.15

£

Net obligations repayable:

Within one year

14,124

3,181

13,062

10,038

Between one and five years

40,472

5,567

19,336

24,843

54,596

8,748

32,398

34,881

Non-cancellable

operating leases

31.12.16

31.12.15

£

Within one year

3,766

9,136

Between one and five years

-

3,766

12,902

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.16

31.12.15

£

Bank overdrafts

13,181

24,139

Bank loans

25,431

-

Hire purchase contracts and finance leases

86,994

43,629

125,606

67,768

The bank overdraft is secured by fixed and floating charges over the undertaking and all property and assets

present and future.

The bank loan has been secured by a personal guarantee provided by the company's director AMJ Currie.

Hire purchase contracts are secured over the asset in which they relate to.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2016 and

31 December 2015:

31.12.16

31.12.15

£

A M J Currie and Mrs H E Currie

Balance outstanding at start of year

188,382

73,850

Amounts repaid

(70,000

)

(108,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

256,748

188,382

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is AMJ and Mrs HE Currie.

The company was controlled throughout the current and previous period by the company's directors, by virtue of

the fact that between them they own all the company's issued share capital.