MSD Specialist Training Limited - Abbreviated accounts

MSD SPECIALIST TRAINING LIMITED - Company Information

Registered number

01757042

MSD Specialist Training Limited

Abbreviated Accounts

31 March 2015

MSD Specialist Training Limited

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of MSD Specialist Training Limited for the year ended 31 March 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of MSD Specialist Training Limited for the year ended 31 March 2015 which comprise of 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 member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of MSD Specialist Training Limited, as a body, in accordance with the terms of our engagement letter dated 15 January 2015. Our work has been undertaken solely to prepare for your approval the accounts of MSD Specialist Training Limited and state those matters that we have agreed to state to the Board of Directors of MSD Specialist Training Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MSD Specialist Training Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MSD Specialist Training Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of MSD Specialist Training Limited. You consider that MSD Specialist Training Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of MSD Specialist Training Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts.

Amy Taylor Accountancy Limited

10 Blackbird Street
Potton
Bedfordshire
SG19 2LT

15 June 2015

MSD Specialist Training Limited
Registered number:		01757042
Abbreviated Balance Sheet
as at 31 March 2015

Notes			2015			2014
£				£
Fixed assets
Intangible assets	2		-			207,500
Tangible assets	3		1,190			1,587
			1,190			209,087

Current assets
Debtors		570			5,600
Cash at bank and in hand		1,371			3,183
		1,941			8,783

Creditors: amounts falling due within one year		(92,448)			(114,004)

Net current liabilities			(90,507)			(105,221)

Total assets less current liabilities			(89,317)			103,866


Provisions for liabilities			-			(317)


Net (liabilities)/assets			(89,317)			103,549

Capital and reserves
Called up share capital	4		100			100
Profit and loss account			(89,417)			103,449

Shareholders' funds			(89,317)			103,549

The directors are 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 directors acknowledge their 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.



Roy Robinson
Director
Approved by the board on 15 June 2015

MSD Specialist Training Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2015

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).
	The company has net liabilities. The Directors confirm that they will continue to support the Company to enable it to meet it's obligations and liabilities as and when they fall due. The accounts have therefore been prepared on the going concern basis.

	Turnover
	Turnover represents the value of goods and services provided to customers under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

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

	Plant and machinery			25% Reducing Balance

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2	Intangible fixed assets					£

	Cost
	At 1 April 2014					415,000
	At 31 March 2015					415,000

	Amortisation
	At 1 April 2014					207,500
	Provided during the year					207,500
	At 31 March 2015					415,000

	Net book value
	At 31 March 2015					-
	At 31 March 2014					207,500

	All goodwill has been written off in this financial year due to the re-assessment of its remaining useful economic life.

3	Tangible fixed assets					£

	Cost
	At 1 April 2014					10,117
	At 31 March 2015					10,117

	Depreciation
	At 1 April 2014					8,530
	Charge for the year					397
	At 31 March 2015					8,927

	Net book value
	At 31 March 2015					1,190
	At 31 March 2014					1,587


4	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		51		51		51
	B Ordinary shares	£1 each		49		49		49
						100		100