M. A. Worthington Associates Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03117297 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2015

for

M. A. Worthington Associates Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr M A Worthington

SECRETARY:

Mrs G M Worthington

REGISTERED OFFICE:

9 Rosset Close

Kingsmead

Northwich

Cheshire

CW9 8WP

REGISTERED NUMBER:

03117297 (England and Wales)

ACCOUNTANTS:

Buxton Accounting LLP

Chartered Accountants

98 Middlewich Road

Northwich

Cheshire

CW9 7DA

FIXED ASSETS

Tangible assets

2

16,560

12,964

CURRENT ASSETS

Debtors

3

10,414

10,638

Cash at bank

11,366

4,080

21,780

14,718

CREDITORS

Amounts falling due within one year

102,471

97,128

NET CURRENT LIABILITIES

(80,691

)

(82,410

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(64,131

)

(69,446

)

CREDITORS

Amounts falling due after more than one year

1,677

-

NET LIABILITIES

(65,808

)

(69,446

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

(65,810

)

(69,448

)

SHAREHOLDERS' FUNDS

(65,808

)

(69,446

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 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 10 February 2016 and were signed by:

Mr M A Worthington - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis which assumes that the

company will continue to trade. The validity of the assumption is dependent on the continuing support

of the company's director.

Accordingly, no adjustments have been made to the valuation basis of assets and liabilities. An

alternative basis of valuation may have been required had the going concern assumption been found

to be inappropriate, or the director's support withdrawn.

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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

25% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

24,132

Additions

21,491

Disposals

(16,500

)

At 31 October 2015

29,123

DEPRECIATION

At 1 November 2014

11,168

Charge for year

5,520

Eliminated on disposal

(4,125

)

At 31 October 2015

12,563

NET BOOK VALUE

At 31 October 2015

16,560

At 31 October 2014

12,964

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 9,000 (2014 - £ 9,000 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company owes Mr M A Worthington, a director, £96,622 (2014: £95,147) at the year end.

6.	ULTIMATE CONTROLLING PARTY

Mr Worthington, a director and 100% shareholder, is the ultimate controlling party of the company.