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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 30 September 2016 |
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MBCC Limited |
REGISTERED NUMBER:
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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 30 September 2016 |
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for |
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MBCC Limited |
MBCC Limited (Registered number: 05570779) |
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Contents of the Financial Statements |
for the Year Ended 30 September 2016 |
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Company Information | 1 |
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Report of the Directors | 2 |
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Profit and Loss Account | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 5 |
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MBCC Limited |
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Company Information |
for the Year Ended 30 September 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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MBCC Limited (Registered number: 05570779) |
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Report of the Directors |
for the Year Ended 30 September 2016 |
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The directors present their report with the financial statements of the company for the year ended 30 September 2016. |
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PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of IT consultancy services. |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 1 October 2015 to the date of this report. |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
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ON BEHALF OF THE BOARD: |
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MBCC Limited (Registered number: 05570779) |
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Profit and Loss Account |
for the Year Ended 30 September 2016 |
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30.9.16 | 30.9.15 |
Notes | £ | £ |
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TURNOVER |
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Administrative expenses |
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OPERATING PROFIT | 2 |
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Interest receivable and similar income |
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PROFIT ON ORDINARY ACTIVITIES BEFORE
TAXATION |
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Tax on profit on ordinary activities | 3 |
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PROFIT FOR THE FINANCIAL YEAR |
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MBCC Limited (Registered number: 05570779) |
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Balance Sheet |
30 September 2016 |
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30.9.16 | 30.9.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 8 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Profit and loss account | 10 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
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The financial statements were approved by the Board of Directors on
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MBCC Limited (Registered number: 05570779) |
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Notes to the Financial Statements |
for the Year Ended 30 September 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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 the profit and loss account in the period to which they relate. |
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2. | OPERATING PROFIT |
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The operating profit is stated after charging: |
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30.9.16 | 30.9.15 |
£ | £ |
Depreciation - owned assets |
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Pension costs |
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Directors' remuneration and other benefits etc |
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3. | TAXATION |
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Analysis of the tax charge |
The tax charge on the profit on ordinary activities for the year was as follows: |
30.9.16 | 30.9.15 |
£ | £ |
Current tax: |
UK corporation tax |
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Deferred tax | ( |
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Tax on profit on ordinary activities |
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4. | DIVIDENDS |
30.9.16 | 30.9.15 |
£ | £ |
Ordinary shares of £1 each |
Interim | 60,000 | 50,000 |
MBCC Limited (Registered number: 05570779) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2016 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 October 2015 |
and 30 September 2016 |
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DEPRECIATION |
At 1 October 2015 |
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Charge for year |
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At 30 September 2016 |
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NET BOOK VALUE |
At 30 September 2016 |
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At 30 September 2015 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.16 | 30.9.15 |
£ | £ |
Trade debtors | 8,100 | 8,820 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.16 | 30.9.15 |
£ | £ |
Corporation tax |
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Social security and other taxes | ( |
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VAT |
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Directors' current accounts | 2,541 | 2,541 |
Accrued expenses | - | 288 |
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8. | PROVISIONS FOR LIABILITIES |
30.9.16 | 30.9.15 |
£ | £ |
Deferred tax |
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Deferred |
tax |
£ |
Balance at 1 October 2015 |
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Accelerated Capital Allowances | (17 | ) |
Balance at 30 September 2016 |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.16 | 30.9.15 |
value: | £ | £ |
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Ordinary | £1 |
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MBCC Limited (Registered number: 05570779) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2016 |
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10. | RESERVES |
Profit |
and loss |
account |
£ |
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At 1 October 2015 |
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Profit for the year |
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Dividends | ( |
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At 30 September 2016 |
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11. | ULTIMATE CONTROLLING PARTY |
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The company is controlled jointly by Mr S Bhallamudi and Ms J Madhura Pantula by virtue of their shareholding. |