REGISTERED NUMBER: |
A & H Currie Consultancy Services |
Limited |
Unaudited Financial Statements for the Year Ended 31 December 2016 |
REGISTERED NUMBER: |
A & H Currie Consultancy Services |
Limited |
Unaudited Financial Statements for the Year Ended 31 December 2016 |
A & H Currie Consultancy Services |
Limited (Registered number: 04993915) |
Contents of the 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 |
A & H Currie Consultancy Services |
Limited |
Company Information |
for the Year Ended 31 December 2016 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
4 King Square |
Bridgwater |
Somerset |
TA6 3YF |
BANKERS: |
PO Box 120 |
49 Corn Street |
Bristol |
BS99 7PP |
A & H Currie Consultancy Services |
Limited (Registered number: 04993915) |
Abridged Statement of Financial Position |
31 December 2016 |
31.12.16 | 31.12.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
A & H Currie Consultancy Services |
Limited (Registered number: 04993915) |
Abridged Statement of Financial Position - continued |
31 December 2016 |
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 by: |
A & H Currie Consultancy Services |
Limited (Registered number: 04993915) |
Notes to the Financial Statements |
for the Year Ended 31 December 2016 |
1. | STATUTORY INFORMATION |
A & H Currie Consultancy Services Limited is a |
Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery etc | - |
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. |
A & H Currie Consultancy Services |
Limited (Registered number: 04993915) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
3. | ACCOUNTING POLICIES - continued |
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. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 January 2016 |
Additions |
Disposals | ( |
) |
At 31 December 2016 |
DEPRECIATION |
At 1 January 2016 |
Charge for year |
At 31 December 2016 |
NET BOOK VALUE |
At 31 December 2016 |
At 31 December 2015 |
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 |
A & H Currie Consultancy Services |
Limited (Registered number: 04993915) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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 |
Between one and five years |
Non-cancellable |
operating leases |
31.12.16 | 31.12.15 |
£ | £ |
Within one year |
Between one and five years |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.12.16 | 31.12.15 |
£ | £ |
Bank overdrafts |
Bank loans |
Hire purchase contracts and finance leases | 86,994 | 43,629 |
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. |
A & H Currie Consultancy Services |
Limited (Registered number: 04993915) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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 |
£ | £ |
Balance outstanding at start of year |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
9. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |
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. |