Marylebone Construction and Maintenance Ltd Filleted accounts for Companies House (small and micro)

MARYLEBONE CONSTRUCTION AND MAINTENANCE LTD - Company Information

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COMPANY REGISTRATION NUMBER: 10786128

Marylebone Construction and Maintenance Ltd

Filleted Unaudited Abridged Financial Statements

31 May 2019

Marylebone Construction and Maintenance Ltd

Abridged Statement of Financial Position

31 May 2019

	2019	2018
Note	£	£

Current assets

Debtors	11,205	100
Cash at bank and in hand	100	–
	--------	----
	11,305	100

Creditors: amounts falling due within one year	2,420	–
	--------	----
Net current assets	8,885	100
	-------	----
Total assets less current liabilities	8,885	100
	-------	----
Net assets	8,885	100
	-------	----

Capital and reserves

Called up share capital	100	100
Profit and loss account	8,785	–
	-------	----
Shareholders funds	8,885	100
	-------	----

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 31 May 2019 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 abridged 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 abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 May 2019 in accordance with Section 444(2A) of the Companies Act 2006.

Marylebone Construction and Maintenance Ltd

Abridged Statement of Financial Position (continued)

31 May 2019

These abridged financial statements were approved by the board of directors and authorised for issue on 28 February 2020 , and are signed on behalf of the board by:

MR Michael Andrews

Director

Company registration number: 10786128

Marylebone Construction and Maintenance Ltd

Notes to the Abridged Financial Statements

Year ended 31 May 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ground Floor, 30 Nottingham Place, London, W1U 5NP.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.