Registered number
SC514048
CFSG Consulting Ltd
Report and Accounts
31 August 2016
CFSG Consulting Ltd
Registered number: SC514048
Director's Report
The director presents his report and accounts for the period ended 31 August 2016.
Principal activities
The company's principal activity during the year continued to be consultancy services.
Directors
The following persons served as directors during the period:
C. Gallacher
Director's responsibilities
The director is responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the director to prepare accounts for each financial year. Under that law the director has elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the director is required to:
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the accounts comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 21 September 2016 and signed on its behalf.
C. Gallacher
Director
CFSG Consulting Ltd
Accountants' Report
Accountants' report to the director of
CFSG Consulting Ltd
You consider that the company is exempt from an audit for the period ended 31 August 2016. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial period and of its profit or loss for the financial period.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Nasa Consulting Ltd
Accountants
2nd Floor, Tower House
Fairfax Street
Bristol
BS1 3BN
21 September 2016
CFSG Consulting Ltd
Profit and Loss Account
for the period from 26 August 2015 to 31 August 2016
Notes 2016
£
Turnover 74,126
Cost of sales -
Gross profit 74,126
Distribution costs -
Administrative expenses (14,203)
Other operating income 2,817
Operating profit 62,740
Exceptional items:
profit on the disposal of tangible fixed assets -
62,740
Income from investments -
Profit on ordinary activities before taxation 62,740
Tax on profit on ordinary activities 2 (12,548)
Profit for the period 50,192
CFSG Consulting Ltd
Balance Sheet
as at 31 August 2016
Notes 2016
£
Current assets
Cash at bank and in hand 16,155
Creditors: amounts falling due within one year 3 (12,760)
Net current assets 3,395
Net assets 3,395
Capital and reserves
Called up share capital 4 2
Profit and loss account 5 3,393
Shareholders' funds 3,395
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
C. Gallacher
Director
Approved by the board on 21 September 2016
CFSG Consulting Ltd
Notes to the Accounts
for the period from 26 August 2015 to 31 August 2016
1 Accounting policies
Basis of preparation
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Taxation 2016
£
UK corporation tax 12,548
3 Creditors: amounts falling due within one year 2016
£
Corporation tax 12,548
Other creditors 212
12,760
4 Share capital Nominal 2016 2016
value Number £
Allotted, called up and fully paid:
Ordinary shares £1 each 2 2
Nominal Number Amount
value £
Shares issued during the period:
Ordinary shares £1 each 2 2
5 Profit and loss account 2016
£
Profit for the period 50,192
Dividends (46,799)
At 31 August 2016 3,393
6 Dividends 2016
£
Dividends for which the company became liable during the period:
Dividends paid 46,799
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