For the period ended 30 June 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 09615561
Margaret Tait Ltd
Accountants' Report
For the period ended 30 June 2016
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the
|
accounts of Margaret Tait Ltd for the period ended
30
June
2016
which comprise the Profit and Loss Account
,
|
Statement of Recognised Gains and Losses
,
the Balance Sheet and the related notes from the company
'
s
|
accounting records and from information and explanations you have given us
.
|
As a practising firm of the Association of Chartered Certified Accountants
,
we are subject to its ethical and other
|
professional requirements which are detailed at http
://
rulebook
.
accaglobal
.
com
.
|
This report is made solely to the Board of Directors of Margaret Tait Ltd
,
as a body
,
in accordance with the terms of
|
our engagement letter dated
.
Our work has been undertaken solely to prepare for your approval the accounts of
|
Margaret Tait Ltd and state those matters that we have agreed to state to the Board of Directors of Margaret Tait
|
Ltd
,
as a body
,
in this report in accordance with the requirements of the Association of Chartered Certified
|
Accountants and as detailed at http
://
www
.
accaglobal
.
com
/
factsheet
163
.
To the fullest extent permitted by law
,
we
|
do not accept or assume responsibility to anyone other than Margaret Tait Ltd and its Board of Directors as a body
|
for our work or for this report
.
|
It is your duty to ensure that Margaret Tait 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 Margaret Tait Ltd
.
You
|
consider that Margaret Tait Ltd is exempt from the statutory audit requirement for the year
.
|
Chapman Green
33 Tapley Road
Chelmsford
Essex
CM1 4XY
01 March 2017
1 of 3
Notes to the Abbreviated Financial Statements
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Margaret Tait Ltd
For the period ended 30 June 2016
The financial statements are 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 comprises the invoiced value of services supplied by the company net of trade discounts.
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
|
by the shareholders prior to the balance sheet date
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer Equipment
1,000
1,000
250
Charge for period
250
750
Allotted called up and fully paid
|
2016
100
Ordinary Shares shares of £
1
.
00
each
|
100
100
100 Ordinary Shares £1.00 shares have been issued during the period at par for a cash consideration of £100.
3 of 3