Ableshire Consulting Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 03914660 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st July 2017

for

ABLESHIRE CONSULTING LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

Accountants' Report

5

DIRECTORS:

B Robinson FCA

Mrs A J Robinson

SECRETARY:

Mrs A J Robinson

REGISTERED OFFICE:

7 Acle Burn

Newton Aycliffe

Co. Durham

DL5 4XB

REGISTERED NUMBER:

03914660 (England and Wales)

ACCOUNTANTS:

Mitchell Gordon LLP

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

FIXED ASSETS

Tangible assets

4

645

-

CURRENT ASSETS

Debtors

31,965

-

Cash in hand

2

31,967

2

CREDITORS

Amounts falling due within one year

11,799

-

NET CURRENT ASSETS

20,168

2

TOTAL ASSETS LESS CURRENT
LIABILITIES

20,813

2

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

20,811

-

SHAREHOLDERS' FUNDS

20,813

2

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2017 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 Income Statement and an abridged Balance Sheet for the year ended 31st July 2017 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 19th April 2018 and were signed on its behalf by:

Mrs A J Robinson - Director

1.	STATUTORY INFORMATION

Ableshire Consulting Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents the value of work carried out during the year including amounts not yet invoiced, excluding

value added tax. Income is being recognised according to the stage of completion of work done.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on cost

Computer equipment

-

25% on cost

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 balance sheet date.

Deferred tax

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

sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

800

At 31st July 2017

800

DEPRECIATION

Charge for year

155

At 31st July 2017

155

NET BOOK VALUE

At 31st July 2017

645

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st July 2017 and

31st July 2016:

31/7/17

31/7/16

£

B Robinson FCA and Mrs A J Robinson

Balance outstanding at start of year

-

Amounts advanced

31,965

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

31,965

-

This balance was subject to interest at a rate of 3% per annum and is repayable on demand.

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

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Ableshire Consulting Ltd for the year ended 31st July 2017 which comprise the Income

Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Ableshire Consulting Ltd, as a body, in accordance with the terms of our engagement letter dated 29th March 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Ableshire Consulting Ltd and state those matters that we have agreed to state to the Board of Directors of Ableshire Consulting Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ableshire Consulting Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ableshire Consulting Ltd. You consider that Ableshire Consulting Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ableshire Consulting Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Mitchell Gordon LLP

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

19th April 2018