M.A.D. Training Limited - Period Ending 2015-09-30

Registration number: 4908501

M.A.D. Training Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2015
 

M.A.D. Training Limited
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 Director on the Preparation of the Unaudited Statutory Accounts of
M.A.D. Training Limited
for the Year Ended 30 September 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of M.A.D. Training Limited for the year ended 30 September 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 M.A.D. Training Limited, 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 M.A.D. Training Limited 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 M.A.D. Training Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that M.A.D. Training Limited 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 M.A.D. Training Limited. You consider that M.A.D. Training Limited 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 M.A.D. Training Limited. 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.

 
  ....................................................................................................
 
  Phipps Henson McAllister
  4 South Bar Street
  Banbury
  Oxfordshire
  OX16 9AA

28 June 2016

Page 1

M.A.D. Training Limited
(Registration number: 4908501)
Abbreviated Balance Sheet at 30 September 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					738			983
Current assets
Debtors					14,098			26,708
Cash at bank and in hand					32,048			32,926
					46,146			59,634
Creditors: Amounts falling due within one year					(22,641)			(24,941)
Net current assets					23,505			34,693
Net assets					24,243			35,676
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					24,143			35,576
Shareholders' funds					24,243			35,676

For the year ending 30 September 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 her 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 .

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

M.A.D. Training Limited
(Registration number: 4908501)
Abbreviated Balance Sheet at 30 September 2015
......... continued

Approved by the director on 28 June 2016

.........................................
Linda Ginger
Director

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

M.A.D. Training Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 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 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
Fixtures and fittings	Reducing balance 25%

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 October 2014		9,448			9,448
At 30 September 2015		9,448			9,448
Depreciation
At 1 October 2014		8,465			8,465
Charge for the year		245			245
At 30 September 2015		8,710			8,710
Net book value
At 30 September 2015		738			738
At 30 September 2014		983			983

Page 4

M.A.D. Training Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

4	Related party transactions

Included within debtors is a director's loan account in the sum of £7,681 (2014: £10,722). The account is unsecured, interest free and carries no fixed date of repayment.

Page 5