Monetaire Taxation Limited - Limited company - abbreviated

REGISTERED NUMBER: 05883344 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

MONETAIRE TAXATION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D J Alcock

S Harwood

SECRETARY:

First Instance Secretariat Limited

REGISTERED OFFICE:

Sovereign House

22 Shelley Road

WORTHING

West Sussex

BN11 1TU

REGISTERED NUMBER:

05883344 (England and Wales)

ACCOUNTANTS:

Monetaire

Sovereign House

22 Shelley Road

WORTHING

West Sussex

BN11 1TU

FIXED ASSETS

Intangible assets

2

35,900

22,000

CURRENT ASSETS

Debtors

1,246

18,674

Cash at bank

99,402

79,824

100,648

98,498

CREDITORS

Amounts falling due within one year

156,616

132,535

NET CURRENT LIABILITIES

(55,968

)

(34,037

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,068

)

(12,037

)

CAPITAL AND RESERVES

Called up share capital

3

4

Profit and loss account

(20,072

)

(12,041

)

SHAREHOLDERS' FUNDS

(20,068

)

(12,037

)

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 30 December 2015 and were signed on its behalf
by:

D J Alcock - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

50,000

Additions

21,000

At 31 March 2015

71,000

AMORTISATION

At 1 April 2014

28,000

Amortisation for year

7,100

At 31 March 2015

35,100

NET BOOK VALUE

At 31 March 2015

35,900

At 31 March 2014

22,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary

£1

1

A Non Voting

£1

1

B Non Voting

£1

1

3

4.	INSOLVENT POSITION

The directors realise that the company is trading insolvently and are aware of their responsibilities under the

provisions of the Insolvency Act 1986.

Monetaire Taxation Limited - Limited company - abbreviated - 11.9

Monetaire Taxation Limited - Limited company - abbreviated - 11.9