Matt Urchin Limited - Period Ending 2015-10-31

Registration number: 8757475

Matt Urchin Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2015
 

Hugh Davies & Co
35 Chequers Court
Brown Street
Salisbury
Wiltshire
SP1 2AS

Matt Urchin Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Matt Urchin Limited
(Registration number: 8757475)
Abbreviated Balance Sheet at 31 October 2015

		Note			31 October 2015 £			31 October 2014 £
Fixed assets		2
Tangible fixed assets					2,374			769
Current assets
Debtors					2,822			7,250
Cash at bank and in hand					11,245			12,388
					14,067			19,638
Creditors: Amounts falling due within one year					(13,944)			(21,802)
Net current assets/(liabilities)					123			(2,164)
Net assets/(liabilities)					2,497			(1,395)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					2,397			(1,495)
Shareholders' funds/(deficit)					2,497			(1,395)

For the year ending 31 October 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 director acknowledges his 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 director on 27 April 2016

.........................................
M J Ingram
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Matt Urchin Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 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 in respect of the sale of goods and 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
Plant and machinery	25% reducing balance

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.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 November 2014		900			900
Additions		1,967			1,967
At 31 October 2015		2,867			2,867
Depreciation
At 1 November 2014		131			131
Charge for the year		362			362
At 31 October 2015		493			493
Net book value
At 31 October 2015		2,374			2,374
At 31 October 2014		769			769

Page 2

Matt Urchin Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	31 October 2015						31 October 2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3