MVB(M&E) Quantity Surveying Services Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07827891

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

MVB (M&E) QUANTITY SURVEYING SERVICES

LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M V Brown

REGISTERED OFFICE:

38 Middlehill Road

Colehill

Wimborne

Dorset

BH21 2SE

REGISTERED NUMBER:

07827891

ACCOUNTANTS:

Charlton Newell Limited

Chartered Accountants & Business Advisors

38 Middlehill Road

Colehill

Wimborne

Dorset

BH21 2SE

FIXED ASSETS

Tangible assets

2

1,217

733

CURRENT ASSETS

Debtors

2,720

4,953

Cash at bank

12,624

8,534

15,344

13,487

CREDITORS

Amounts falling due within one year

14,387

8,873

NET CURRENT ASSETS

957

4,614

TOTAL ASSETS LESS CURRENT LIABILITIES

2,174

5,347

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

2,074

5,247

SHAREHOLDERS' FUNDS

2,174

5,347

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 14 May 2016 and were signed by:

M V Brown - 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 January 2015).

Turnover

Turnover represents net invoiced sales of services, 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 etc

-

33% on reducing balance

Deferred tax

Deferred taxation is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date where transactions of events have occurred at that date that will

result in an obligation to pay more tax, where in the opinion of the director it is material and with the

following exception:

Deferred tax assets are recognised only to the extent that the director considers that it is more likely

than not that there will be suitable taxable profits from which the future reversal of the underlying

differences can be deducted.

Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply

in the periods when the timing differences will reverse, based on tax rates and laws enacted or

substantially enacted at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

2,276

Additions

1,092

At 31 December 2015

3,368

DEPRECIATION

At 1 January 2015

1,543

Charge for year

608

At 31 December 2015

2,151

NET BOOK VALUE

At 31 December 2015

1,217

At 31 December 2014

733

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100