REGISTERED NUMBER: 07715931 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 July 2016

for

Setfords Consultants Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D C Setford

REGISTERED OFFICE:

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

REGISTERED NUMBER:

07715931 (England and Wales)

ACCOUNTANTS:

Barnbrook Sinclair

Chartered Accountants

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Tangible assets

2

365

118

CURRENT ASSETS

Debtors

32,911

-

Cash at bank and in hand

15,101

29,236

48,012

29,236

CREDITORS

Amounts falling due within one year

(36,213

)

(27,423

)

NET CURRENT ASSETS

11,799

1,813

TOTAL ASSETS LESS CURRENT LIABILITIES

12,164

1,931

CREDITORS

Amounts falling due after more than one year

(11,323

)

-

NET ASSETS

841

1,931

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

741

1,831

SHAREHOLDERS' FUNDS

841

1,931

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 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 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 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 20 February 2017 and were signed by:

D C Setford - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

Cost

At 1 August 2015

921

Additions

416

At 31 July 2016

1,337

Depreciation

At 1 August 2015

803

Charge for year

169

At 31 July 2016

972

Net book value

At 31 July 2016

365

At 31 July 2015

118

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/7/16

31/7/15

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year monies were advanced to Mr D C Setford and his wife. At the balance sheet date the amounts

due to the company were £14,539 from Mr Setford and £9,700 from Mrs Setford. Interest was charged by the

company at 3% and amounted to £601 for the year.