Multi-User Credit Services Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01721182 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

FOR

MULTI-USER CREDIT SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J L Beetwell

E C Parker F.C.C.A.

SECRETARY:

J L Beetwell

REGISTERED OFFICE:

12 Station Court

Station Approach

Wickford

Essex

SS11 7AT

REGISTERED NUMBER:

01721182 (England and Wales)

ACCOUNTANTS:

Connah Goldsworthy

Chartered Certified Accountants

12 Station Court

Station Approach

Wickford

Essex

SS11 7AT

FIXED ASSETS

Investments

2

2,100

2,100

CURRENT ASSETS

Debtors

43,045

119,875

Cash at bank and in hand

45,144

32,879

88,189

152,754

CREDITORS

Amounts falling due within one year

80,130

67,279

NET CURRENT ASSETS

8,059

85,475

TOTAL ASSETS LESS CURRENT LIABILITIES

10,159

87,575

CAPITAL AND RESERVES

Called up share capital

3

2,000

2,000

Profit and loss account

8,159

85,575

SHAREHOLDERS' FUNDS

10,159

87,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 February 2015 and were signed on its behalf by:

E C Parker F.C.C.A. - Director

1.	ACCOUNTING POLICIES

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 April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2013

and 30 June 2014

2,100

NET BOOK VALUE

At 30 June 2014

2,100

At 30 June 2013

2,100

The company's investments at the balance sheet date in the share capital of companies include the following:

The Food Trades Protection Society Limited

Nature of business: Non-Trading

%

Class of shares:

holding

Ordinary

100.00

30.6.14

30.6.13

£

£

Aggregate capital and reserves

2,000

2,000

The Mercantile Trades Protection Company Limited

Nature of business: Non-Trading

%

Class of shares:

holding

Ordinary

100.00

30.6.14

30.6.13

£

£

Aggregate capital and reserves

100

100

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

£

2,000

Ordinary

£1

2,000

2,000

4.	ULTIMATE PARENT COMPANY

Goldsworthy Business Services Ltd is regarded by the directors as being the company's ultimate parent company.