MFL Systems Limited - Limited company - abbreviated

REGISTERED NUMBER: 07164766 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

MFL Systems Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S D Blackie

T A Blackie

REGISTERED OFFICE:

20 Market Place

Kingston upon Thames

Surrey

KT1 1JP

REGISTERED NUMBER:

07164766 (England and Wales)

ACCOUNTANTS:

Osbornes Accountants Limited

20 Market Place

Kingston

Surrey

KT1 1JP

FIXED ASSETS

Tangible assets

2

3

148

CURRENT ASSETS

Debtors

40,419

27,631

Cash at bank

26,507

40,694

66,926

68,325

CREDITORS

Amounts falling due within one year

39,021

58,841

NET CURRENT ASSETS

27,905

9,484

TOTAL ASSETS LESS CURRENT
LIABILITIES

27,908

9,632

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

27,907

9,631

SHAREHOLDERS' FUNDS

27,908

9,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 18 December 2015 and were signed on its behalf
by:

S D Blackie - Director

T A Blackie - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

1,019

DEPRECIATION

At 1 April 2014

871

Charge for year

145

At 31 March 2015

1,016

NET BOOK VALUE

At 31 March 2015

3

At 31 March 2014

148

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary

£1.00

1

MFL Systems Limited - Limited company - abbreviated - 11.9

MFL Systems Limited - Limited company - abbreviated - 11.9