Company Registration No. 03321475 (England and Wales)
MONZA SOFTWARE LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
MONZA SOFTWARE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
MONZA SOFTWARE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
29 FEBRUARY 2016
29 February 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
12,131
2,370
Cash at bank and in hand
86,807
58,019
98,938
60,389
Creditors: amounts falling due within one year
(43,242)
(27,288)
Total assets less current liabilities
55,696
33,101
Capital and reserves
Called up share capital
2
100
100
Profit and loss account
55,596
33,001
Shareholders' funds
55,696
33,101
For the financial year ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 November 2016
Mr M C Richards
Director
Company Registration No. 03321475
MONZA SOFTWARE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT.
VAT.
1.4
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
3
Transactions with directors
At the year end the balance due from the director Mr M C Richards was £9,582 (2015 - due to the director £996). Interest is charged at 3% on amounts owed to the company. The maximum amount owed to the company during the year was £10,642 (2015 - £Nil).
The maximum amount owed to the company during the year was £10,642 (2015 - £Nil).