Matt Griffin Racing Consultants Ltd - Abbreviated accounts

Registered number

08736751

Matt Griffin Racing Consultants Ltd

Abbreviated Accounts

31 December 2014

Matt Griffin Racing Consultants Ltd
Registered number:		08736751
Abbreviated Balance Sheet
as at 31 December 2014

Notes			2014
£
Current assets
Debtors		26,000
Cash at bank and in hand		36,674
		62,674

Creditors: amounts falling due within one year		(37,675)

Net current assets			24,999

Net assets			24,999

Capital and reserves
Called up share capital	3		100
Profit and loss account			24,899

Shareholders' funds			24,999

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



M Griffin
Director
Approved by the board on 27 February 2015

Matt Griffin Racing Consultants Ltd
Notes to the Abbreviated Accounts
for the period ended 31 December 2014

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, work carried out in respect of motor sport racing services provided to clients.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Equipment			20% reducing balance
	Motor vehicles			25% reducing balance

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Tangible fixed assets					£

	Cost
	Additions					36,955
	Disposals					(36,955)
	At 31 December 2014					-

	Depreciation
	Charge for the period					4,112
	On disposals					(4,112)
	At 31 December 2014					-

	Net book value
	At 31 December 2014					-


3	Share capital	Nominal		2014		2014
value			Number		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		100		100