Company Registration No. 02890298 (England and Wales)
MAAP Accountancy Services Limited
Unaudited accounts
for the year ended 31 March 2020
MAAP Accountancy Services Limited
Unaudited accounts
Contents
MAAP Accountancy Services Limited
Company Information
for the year ended 31 March 2020
Directors
Ralph Elliott-King
Yvonne Elliott-King
Company Number
02890298 (England and Wales)
Registered Office
44 WILLOW WAY
CHRISTCHURCH
DORSET
BH23 1LA
Accountants
MAAP Accountancy Services Ltd
44 Willow Way
CHRISTCHURCH
Dorset
BH23 1LA
MAAP Accountancy Services Limited
Statement of financial position
as at 31 March 2020
Tangible assets
1,706
2,275
Cash at bank and in hand
952
118
Creditors: amounts falling due within one year
(10,236)
(6,665)
Net current liabilities
(8,154)
(5,417)
Net liabilities
(6,448)
(3,142)
Called up share capital
100
100
Profit and loss account
(6,548)
(3,242)
Shareholders' funds
(6,448)
(3,142)
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2020 and were signed on its behalf by
Ralph Elliott-King
Director
Company Registration No. 02890298
MAAP Accountancy Services Limited
Notes to the Accounts
for the year ended 31 March 2020
MAAP Accountancy Services Limited is a private company, limited by shares, registered in England and Wales, registration number 02890298. The registered office is 44 WILLOW WAY, CHRISTCHURCH, DORSET, BH23 1LA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2019
790
4,917
5,707
At 31 March 2020
790
4,917
5,707
At 1 April 2019
461
2,971
3,432
Charge for the year
82
487
569
At 31 March 2020
543
3,458
4,001
At 31 March 2020
247
1,459
1,706
At 31 March 2019
329
1,946
2,275
MAAP Accountancy Services Limited
Notes to the Accounts
for the year ended 31 March 2020
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
854
854
Loans from directors
9,067
4,929
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
The company was under the control of Ralph Elliott-King as the directors and 51% shareholder of the company in the current and previous year.
During the year, Ralph Elliott-King made made a further loan to the Company of £4,138, increasing the balance owed to him to £9,067 (2019 - £4,929) at the year end.
During the year, the outstanding balance of a loan of £882 provided by Yvonne Elliott-King last year to the Company was repaid.
9
Average number of employees
During the year the average number of employees was 2 (2019: 2).
