MAXBRIDGE_SOLUTIONS_LIMIT - Accounts

MAXBRIDGE SOLUTIONS LIMITED - Company Information

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Company Registration No. 06009487 (England and Wales)

MAXBRIDGE SOLUTIONS LIMITED

DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

MAXBRIDGE SOLUTIONS LIMITED

COMPANY INFORMATION

Directors

Mr L A Ramsay

G McAteer

Company number

06009487

Registered office

Manhattan House

140 High Street

Crowthorne

Berkshire

RG45 7AY

Accountants

Michael A Corley & Co

200 Dukes Ride

Crowthorne

Berkshire

RG45 6DS

MAXBRIDGE SOLUTIONS LIMITED

CONTENTS

Page

Directors' report

Accountants' report

Profit and loss account

Balance sheet

Notes to the financial statements

4 - 7

MAXBRIDGE SOLUTIONS LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 MARCH 2015

- 1 -

The directors present their report and financial statements for the year ended 31 March 2015.

Principal activities

The principal activity of the company continued to be that of software consultancy and supply.software consultancy and supply.

Directors

The following directors have held office since 1 April 2014:

Mr L A Ramsay

G McAteer

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

Mr L A Ramsay

Director

8 December 2015

MAXBRIDGE SOLUTIONS LIMITED

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

2015

2014

Notes

Turnover

6,086

45,383

Cost of sales

(48,400)

Gross profit/(loss)

6,086

(3,017)

Administrative expenses

(4,834)

(6,688)

Profit/(loss) on ordinary activities before taxation

1,252

(9,705)

Tax on profit/(loss) on ordinary activities

Profit/(loss) for the year

1,252

(9,705)

The profit and loss account has been prepared on the basis that all operations are continuing operations.

There are no recognised gains and losses other than those passing through the profit and loss account.

MAXBRIDGE SOLUTIONS LIMITED

BALANCE SHEET

AS AT

31 MARCH 2015

- 3 -

2015

2014

Notes

Fixed assets

Tangible assets

3,032

Current assets

Cash at bank and in hand

75,674

71,291

Creditors: amounts falling due within one year

(1,485)

(1,386)

Net current assets

74,189

69,905

Total assets less current liabilities

74,189

72,937

Capital and reserves

Called up share capital

800

Share premium account

1,200

Profit and loss account

72,189

70,937

Shareholders' funds

74,189

72,937

For the financial year ended 31 March 2015 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 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 financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 8 December 2015

Mr L A Ramsay

Director

Company Registration No. 06009487

MAXBRIDGE SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

- 4 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Patents

Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

18% reducing balance

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Operating profit/(loss)

2015

2014

Operating profit/(loss) is stated after charging:

Depreciation of tangible assets

3,032

666

MAXBRIDGE SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 5 -

Taxation

2015

2014

Total current tax

Factors affecting the tax charge for the year

Profit/(loss) on ordinary activities before taxation

1,252

(9,705)

Profit/(loss) on ordinary activities before taxation multiplied by standard rate of UK corporation tax of 20.00% (2014 - 20.00%)

250

(1,941)

Current tax charge for the year

250

(1,941)

Reconciliation - the current year tax charge does not reconcile to the above analysis. Please review figures in the database.

(250)

1,941

Intangible fixed assets

Other intangible assets

Cost

At 1 April 2014 & at 31 March 2015

1,000

Amortisation

At 1 April 2014 & at 31 March 2015

1,000

Net book value

At 31 March 2015

At 31 March 2014

MAXBRIDGE SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 6 -

Tangible fixed assets

Plant and machinery etc

Cost

At 1 April 2014

9,209

Disposals

(9,209)

At 31 March 2015

Depreciation

At 1 April 2014

6,177

On disposals

(9,209)

Charge for the year

3,032

At 31 March 2015

Net book value

At 31 March 2015

At 31 March 2014

3,032

Creditors: amounts falling due within one year

2015

2014

Trade creditors

186

Taxation and social security

(345)

(544)

Other creditors

1,644

1,744

1,485

1,386

Share capital

2015

2014

Allotted, called up and fully paid

80,000 Ordinary shares of 1p each

800

MAXBRIDGE SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 7 -

Statement of movements on reserves

Share premium account

Profit
and loss
account

Balance at 1 April 2014

1,200

70,937

Profit for the year

1,252

Balance at 31 March 2015

1,200

72,189

Reconciliation of movements in Shareholders' funds

2015

2014

Profit/(Loss) for the financial year

1,252

(9,705)

Opening Shareholders' funds

72,937

82,642

Closing Shareholders' funds

74,189

72,937