Eilean Consulting Ltd 08448457 false true 2015-04-01 2016-03-31 2016-03-31 08448457 2015-04-01 2016-03-31 08448457 2016-03-31 08448457 uk-bus:OrdinaryShareClass1 2016-03-31 08448457 uk-bus:Director1 2015-04-01 2016-03-31 08448457 uk-bus:Director2 2015-04-01 2016-03-31 08448457 uk-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 08448457 uk-bus:EntityAccountantsOrAuditors 2015-04-01 2016-03-31 08448457 uk-gaap:OfficeEquipment 2015-04-01 2016-03-31 08448457 2015-03-31 08448457 2015-03-31 08448457 uk-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP xbrli:shares

Registration number: 08448457

Eilean Consulting Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

GPC Financial Management Ltd
5 Fitzhardinge Steet
Marylebone
London
W1H 6ED

 

Eilean Consulting Ltd
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3 to 4

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Eilean Consulting Ltd
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Eilean Consulting Ltd for the year ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institue Management Accountants (CIMA), we are subject to its ethical and other professional requirements which are detailed at www.cimaglobal.com/Members/members-handbook/licensing-and-monitoring/Members-in-practice/Member-in-practice-rules/

This report is made solely to the Board of Directors of Eilean Consulting Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Eilean Consulting Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with UK GAAP. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eilean Consulting Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Eilean Consulting Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Eilean Consulting Ltd. You consider that Eilean 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 accounts of Eilean 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 accounts.

......................................

GPC Financial Management Ltd
5 Fitzhardinge Steet
Marylebone
London
W1H 6ED

5 December 2016

 

Eilean Consulting Ltd
(Registration number: 08448457)
Abbreviated Balance Sheet at 31 March 2016

   

Note

   

2016
£

   

2015
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

357

   

703

 

Current assets

 

             

Debtors

 

   

18,514

   

17,972

 

Cash at bank and in hand

 

   

5,277

   

6,306

 
   

   

23,791

   

24,278

 

Creditors: Amounts falling due within one year

 

   

(23,970)

   

(24,399)

 

Net current liabilities

 

   

(179)

   

(121)

 

Net assets

 

   

178

   

582

 

Capital and reserves

 

             

Called up share capital

 

3

   

100

   

100

 

Profit and loss account

 

   

78

   

482

 

Shareholders' funds

 

   

178

   

582

 

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 5 December 2016 and signed on its behalf by:

.........................................
Mr. Neil Alexander Stewart
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

Eilean Consulting Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Office Equipment

33.33 % Straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 April 2015

 

1,049

   

1,049

 

At 31 March 2016

 

1,049

   

1,049

 

Depreciation

           

At 1 April 2015

 

346

   

346

 

Charge for the year

 

346

   

346

 

At 31 March 2016

 

692

   

692

 

Net book value

           

At 31 March 2016

 

357

   

357

 

At 31 March 2015

 

703

   

703

 
 

Eilean Consulting Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

100

   

100

   

100

   

100

 
                         

4

Related party transactions

Directors' advances and credits

 

2016
Advance/ Credit
£

2016
Repaid
£

2015
Advance/ Credit
£

2015
Repaid
£

Mr. Neil Alexander Stewart

Amount in advance during the year

9,257

-

8,986

-

         
         

Ms Dagmar Pribulova

Amount in advance during the year

9,257

-

8,986

-

         
         

Options

Monitor

  • Receive an alert email on changes to financial status
  • Early indications of liquidity problems
  • Warns when company reporting is overdue
  • Free service, no spam emails
Monitor Now

Please Help Us!

Was this document useful to you? Please Like our page. The more Likes we get, the more documents we can supply you free. Thanks.