Company Registration No. 06336003 (England and Wales)
M C SERVICES (DEVON) LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016
M C SERVICES (DEVON) LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
M C SERVICES (DEVON) LTD
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
49,628
59,806
Current assets
Stocks
2,469
2,400
Debtors
217,821
227,923
Cash at bank and in hand
118,195
48,787
338,485
279,110
Creditors: amounts falling due within one year
(143,184)
(156,745)
Net current assets
195,301
122,365
Total assets less current liabilities
244,929
182,171
Creditors: amounts falling due after more than one year
(2,858)
(8,085)
242,071
174,086
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
241,971
173,986
Shareholders' funds
242,071
174,086
For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 1 November 2016
Mr H R Griffiths
Director
Company Registration No. 06336003
M C SERVICES (DEVON) LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 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 and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings - leasehold
20% reducing balance
Plant and machinery
20% reducing balance
Office equipment
33% reducing balance
Fixtures, fittings & equipment
15% reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 June 2015
157,049
Additions
4,083
At 31 May 2016
161,132
Depreciation
At 1 June 2015
97,243
Charge for the year
14,261
At 31 May 2016
111,504
Net book value
At 31 May 2016
49,628
At 31 May 2015
59,806
M C SERVICES (DEVON) LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 of £100 each
100
100