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REGISTERED NUMBER: 06648545 (England and Wales)
























TERRY FORSEY CONSULTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016






TERRY FORSEY CONSULTING LIMITED (REGISTERED NUMBER: 06648545)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2016










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


TERRY FORSEY CONSULTING LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2016







DIRECTORS: T Forsey
Mrs S Forsey





REGISTERED OFFICE: 26-28 Headlands
Kettering
Northamptonshire
NN15 7HP





BUSINESS ADDRESS: Barn House
High Street
Gretton
Corby
Northamptonshire
NN17 3DF





REGISTERED NUMBER: 06648545 (England and Wales)





ACCOUNTANTS: Haines Watts (SEM) Limited
26-28 Headlands
Kettering
Northamptonshire
NN15 7HP

TERRY FORSEY CONSULTING LIMITED (REGISTERED NUMBER: 06648545)

BALANCE SHEET
31 December 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,279 5,769
4,279 5,769

CURRENT ASSETS
Debtors 6 42,881 25,107
Cash at bank 2,160 9,788
45,041 34,895
CREDITORS
Amounts falling due within one year 7 38,711 34,635
NET CURRENT ASSETS 6,330 260
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,609

6,029

PROVISIONS FOR LIABILITIES 856 1,154
NET ASSETS 9,753 4,875

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9,653 4,775
SHAREHOLDERS' FUNDS 9,753 4,875

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.

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 21 April 2017 and were signed on its behalf by:





T Forsey - Director


TERRY FORSEY CONSULTING LIMITED (REGISTERED NUMBER: 06648545)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2016


1. STATUTORY INFORMATION

Terry Forsey Consulting 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. 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.

These accounts have been prepared on the going concern basis, on the understanding that the directors will
continue to financially support the company.

Turnover
Turnover represents net invoiced provision of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2015 - 6 ) .

TERRY FORSEY CONSULTING LIMITED (REGISTERED NUMBER: 06648545)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2016


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2016
and 31 December 2016 30,000
AMORTISATION
At 1 January 2016
and 31 December 2016 30,000
NET BOOK VALUE
At 31 December 2016 -
At 31 December 2015 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2016
and 31 December 2016 4,779 9,573 14,352
DEPRECIATION
At 1 January 2016 3,388 5,195 8,583
Charge for year 348 1,142 1,490
At 31 December 2016 3,736 6,337 10,073
NET BOOK VALUE
At 31 December 2016 1,043 3,236 4,279
At 31 December 2015 1,391 4,378 5,769

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 23,685 5,530
Other debtors 400 400
Tax 18,084 18,467
Prepayments and accrued income 712 710
42,881 25,107

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 7,950 8,764
Social security and other taxes - 1,287
VAT 10,917 11,252
Directors' current accounts 18,004 11,437
Accrued expenses 1,840 1,895
38,711 34,635

TERRY FORSEY CONSULTING LIMITED (REGISTERED NUMBER: 06648545)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2016


8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £16,000 (2015 - £5,500) were paid to the directors .

10. FIRST YEAR ADOPTION

The company has adopted FRS 102 for the first time in the period ended 31 December 2016.

The effect of the transition from the previous financial reporting framework to FRS 102 has been considered.

There has been no material impact in relation to the following:
- changes in accounting policies
- changes in shareholders funds
- comparative year profit or loss

On that basis, no restatement has been undertaken.