MAW IT Consultancy Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08097815 (England and Wales)

MAW IT CONSULTANCY LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH JUNE 2014

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

685

1,023

CURRENT ASSETS

Debtors

2,890

7,187

Investments

17,340

2,787

Cash at bank

1

676

20,231

10,650

CREDITORS

Amounts falling due within one year

16,083

10,581

NET CURRENT ASSETS

4,148

69

TOTAL ASSETS LESS CURRENT LIABILITIES

4,833

1,092

PROVISIONS FOR LIABILITIES

137

205

NET ASSETS

4,696

887

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

4,596

787

SHAREHOLDERS' FUNDS

4,696

887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 11th July 2014 and were signed by:

M A Wesson - 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 services, where turnover is recognised when the company obtains the right to

consideration. Turnover is stated gross of value added tax less payments made under the flat rate scheme.

Tangible fixed assets

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

Computer equipment

-

33% on reducing balance

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 1st July 2013

and 30th June 2014

1,422

DEPRECIATION

At 1st July 2013

399

Charge for year

338

At 30th June 2014

737

NET BOOK VALUE

At 30th June 2014

685

At 30th June 2013

1,023

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in Creditors: Amounts falling due within one year, Note 7, is £881 owed to the director by the company

at the year end (2013 - £4,955 owed to the company by the director, included in Debtors: Amounts due within

one year, Note 5). The maximum overdrawn balance in favour of the company during the year was £10,809

(2013 - £8,433).

Rent charged in the profit and loss account of £2,030 (2013 - £1,600) relates to office accommodation let to the

company by the director.

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £31,000 (2013 - £20,000) were paid to the director .

Throughout the current and previous period the company was under the control of M A Wesson, the sole director

and shareholder.