MAZE EXECUTIVE SEARCH & SELECTION LTD - Period Ending 2015-07-31

Registration number: 4244154

MAZE EXECUTIVE SEARCH & SELECTION LTD

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2015
 

Mawson Breskal & Co
Chartered Accountants
Bishops House
Monkville Avenue
London
NW11 0AH

MAZE EXECUTIVE SEARCH & SELECTION LTD
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
MAZE EXECUTIVE SEARCH & SELECTION LTD
for the Year Ended 31 July 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MAZE EXECUTIVE SEARCH & SELECTION LTD for the year ended 31 July 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of MAZE EXECUTIVE SEARCH & SELECTION LTD, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of MAZE EXECUTIVE SEARCH & SELECTION LTD and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MAZE EXECUTIVE SEARCH & SELECTION LTD and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that MAZE EXECUTIVE SEARCH & SELECTION LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MAZE EXECUTIVE SEARCH & SELECTION LTD. You consider that MAZE EXECUTIVE SEARCH & SELECTION LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of MAZE EXECUTIVE SEARCH & SELECTION LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Mawson Breskal & Co
Chartered Accountants
Bishops House
Monkville Avenue
London
NW11 0AH

29 March 2016

Page 1

MAZE EXECUTIVE SEARCH & SELECTION LTD
(Registration number: 4244154)
Abbreviated Balance Sheet at 31 July 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					12,283			11,389
Current assets
Debtors					204,776			139,465
Cash at bank and in hand					180,648			102,690
					385,424			242,155
Creditors: Amounts falling due within one year					(173,787)			(59,378)
Net current assets					211,637			182,777
Total assets less current liabilities					223,920			194,166
Provisions for liabilities					(2,457)			(2,091)
Net assets					221,463			192,075
Capital and reserves
Called up share capital		3			20			20
Profit and loss account					221,443			192,055
Shareholders' funds					221,463			192,075

For the year ending 31 July 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 29 March 2016 and signed on its behalf by:

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

MAZE EXECUTIVE SEARCH & SELECTION LTD
(Registration number: 4244154)
Abbreviated Balance Sheet at 31 July 2015
......... continued

.........................................
Mrs M Bawany
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

MAZE EXECUTIVE SEARCH & SELECTION LTD
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 4

MAZE EXECUTIVE SEARCH & SELECTION LTD
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2014		42,031			42,031
Additions		4,988			4,988
At 31 July 2015		47,019			47,019
Depreciation
At 1 August 2014		30,642			30,642
Charge for the year		4,094			4,094
At 31 July 2015		34,736			34,736
Net book value
At 31 July 2015		12,283			12,283
At 31 July 2014		11,389			11,389

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		20			20			20			20

Page 5