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REGISTERED NUMBER: 06648545 (England and Wales)
























TERRY FORSEY CONSULTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018






TERRY FORSEY CONSULTING LIMITED (REGISTERED NUMBER: 06648545)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2018










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 2018







DIRECTORS: T Forsey
Mrs S Forsey





REGISTERED OFFICE: Unit 1
Brooklands Court
Kettering Venture Park
Kettering
Northamptonshire
NN15 6FD





REGISTERED NUMBER: 06648545 (England and Wales)





ACCOUNTANTS: Haines Watts (SEM) Limited
Unit 1
Brooklands Court
Kettering Venture Park
Kettering
Northamptonshire
NN15 6FD

TERRY FORSEY CONSULTING LIMITED (REGISTERED NUMBER: 06648545)

BALANCE SHEET
31 December 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,530 3,372
2,530 3,372

CURRENT ASSETS
Debtors 6 14,122 30,044
Cash at bank and in hand 4,383 17,064
18,505 47,108
CREDITORS
Amounts falling due within one year 7 20,498 32,596
NET CURRENT (LIABILITIES)/ASSETS (1,993 ) 14,512
TOTAL ASSETS LESS CURRENT
LIABILITIES

537

17,884

PROVISIONS FOR LIABILITIES 481 675
NET ASSETS 56 17,209

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (44 ) 17,109
SHAREHOLDERS' FUNDS 56 17,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 applicable to companies subject to the small companies regime.

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 27 September 2019 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 2018


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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 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 (2017 - 6 ) .

TERRY FORSEY CONSULTING LIMITED (REGISTERED NUMBER: 06648545)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2018


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2018
and 31 December 2018 30,000
AMORTISATION
At 1 January 2018
and 31 December 2018 30,000
NET BOOK VALUE
At 31 December 2018 -
At 31 December 2017 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2018
and 31 December 2018 4,779 9,791 14,570
DEPRECIATION
At 1 January 2018 3,997 7,201 11,198
Charge for year 195 647 842
At 31 December 2018 4,192 7,848 12,040
NET BOOK VALUE
At 31 December 2018 587 1,943 2,530
At 31 December 2017 782 2,590 3,372

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 11,464 22,326
Other debtors 400 400
Tax - 7,090
Prepayments and accrued income 2,258 228
14,122 30,044

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 8,543 6,992
Social security and other taxes 346 1,955
Pension Account 94 -
VAT 6,043 11,441
Directors' current accounts 4,172 10,913
Accrued expenses 1,300 1,295
20,498 32,596

TERRY FORSEY CONSULTING LIMITED (REGISTERED NUMBER: 06648545)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2018


8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100