Mackenzie Spencer Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07580147 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Mackenzie Spencer Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C Sellars

M Stanley

REGISTERED OFFICE:

61 Huntley Road

Sheffield

S11 7PB

REGISTERED NUMBER:

07580147 (England and Wales)

ACCOUNTANTS:

Grey and Green Limited

Rutledge Mews

1-3 Southbourne Road

Sheffield

South Yorkshire

S10 2QN

FIXED ASSETS

Tangible assets

2

161

1,183

Investments

3

120,257

40,000

120,418

41,183

CURRENT ASSETS

Debtors

99,242

99,314

Prepayments and accrued income

1,110

1,110

Cash at bank and in hand

7,510

17,773

107,862

118,197

CREDITORS

Amounts falling due within one year

208,099

116,611

NET CURRENT (LIABILITIES)/ASSETS

(100,237

)

1,586

TOTAL ASSETS LESS CURRENT LIABILITIES

20,181

42,769

CREDITORS

Amounts falling due after more than one year

20,081

26,689

NET ASSETS

100

16,080

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

-

15,980

SHAREHOLDERS' FUNDS

100

16,080

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 24 December 2015 and were signed on its behalf by:

C Sellars - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Computer equipment - 25% on straight line basis

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

4,089

DEPRECIATION

At 1 April 2014

2,906

Charge for year

1,022

At 31 March 2015

3,928

NET BOOK VALUE

At 31 March 2015

161

At 31 March 2014

1,183

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2014

40,000

Additions

80,257

At 31 March 2015

120,257

NET BOOK VALUE

At 31 March 2015

120,257

At 31 March 2014

40,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

5.	RELATED PARTY DISCLOSURES

There were no transactions with related parties during the year.