Opinions please

Hi guys,



Friday afternoon accounts!

I’d be grateful if any members in practice here could offer an opinion on these accounts. The download link is genuine.

https://www.pdfhost.net/index.php?Action=Download&File=3629361666cf95d86....



They are for the same company and I’d like an opinion on the following.



1. The overall likelihood the accounts can be accurate.

2. What the debtor in the 2014 accounts can be for if it isn’t for income.





I’d like to state for the record I didn’t prepare these and have my own thoughts :) Thank you

Comments

  • KernowAccountant
    KernowAccountant Settling In Nicely Registered Posts: 120
    The "founder and director" makes interesting googling!
  • robibss
    robibss Registered Posts: 3
    Impressed you figured that out!
  • KernowAccountant
    KernowAccountant Settling In Nicely Registered Posts: 120
    robibss said:

    Impressed you figured that out!

    Thank you - I'm good!! In all seriousness, it was only chance that I managed it - no fault of yours.

    I expect you've drawn the same conclusions as me. I personally wouldn't place any reliance on the figures at all - the fact that the comparatives don't represent each prior year says it all.

    The entity is a charity (I'm sure you're aware) and curiously annual returns have been filed to the Comissioner for a different reporting periods - I don't think there's much value in any of these numbers at all.
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