Mash Strategy Ltd - Period Ending 2015-02-28

Registration number: 07346329

Mash Strategy Ltd

Unaudited Abbreviated Accounts

for the Year Ended 28 February 2015
 

CRK Accounting Limited
Suite 4 Crown House
High Street
Hartley Wintney
Hampshire
RG27 8NW

Mash Strategy Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Mash Strategy Ltd
for the Year Ended 28 February 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Mash Strategy Ltd for the year ended 28 February 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Mash Strategy Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Mash Strategy Ltd . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mash Strategy Ltd and its Board of Directors as a body for our work or for this report.

We have not been instructed to carry out an audit or a review of the accounts of Mash Strategy Ltdand therefore do not express any opinion on the statutory accounts.

......................................

CRK Accounting Limited
Suite 4 Crown House
High Street
Hartley Wintney
Hampshire
RG27 8NW

27 November 2015

Page 1

Mash Strategy Ltd
(Registration number: 07346329)
Abbreviated Balance Sheet at 28 February 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					142,974			68,342
Current assets
Debtors					1,024,919			919,889
Cash at bank and in hand					1,117,816			815,380
					2,142,735			1,735,269
Creditors: Amounts falling due within one year					(1,519,333)			(920,751)
Net current assets					623,402			814,518
Total assets less current liabilities					766,376			882,860
Provisions for liabilities					(15,200)			(10,600)
Net assets					751,176			872,260
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					751,076			872,160
Shareholders' funds					751,176			872,260

For the year ending 28 February 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 27 November 2015 and signed on its behalf by:

.........................................
C Persons
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Mash Strategy Ltd
(Registration number: 07346329)
Abbreviated Balance Sheet at 28 February 2015
......... continued

.........................................
J Williams
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Mash Strategy Ltd
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Asset class	Depreciation method and rate
Office Equipment	20% on cost
Fixtures and Fittings	15% on cost
Computer Equipment	33% on cost

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Foreign currency

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balanmce sheet. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

Mash Strategy Ltd
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued

Pensions

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 March 2014		94,685			94,685
Additions		127,110			127,110
Disposals		(31,608)			(31,608)
At 28 February 2015		190,187			190,187
Depreciation
At 1 March 2014		26,343			26,343
Charge for the year		31,317			31,317
Eliminated on disposals		(10,447)			(10,447)
At 28 February 2015		47,213			47,213
Net book value
At 28 February 2015		142,974			142,974
At 28 February 2014		68,342			68,342

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 5