Abbreviated Company Accounts - MAPLECROFT CONSULTANTS LIMITED

Abbreviated Company Accounts - MAPLECROFT CONSULTANTS LIMITED

MAPLECROFT CONSULTANTS LIMITED - Company Information

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Registered Number 04447889

MAPLECROFT CONSULTANTS LIMITED

Abbreviated Accounts

31 May 2015

MAPLECROFT CONSULTANTS LIMITED Registered Number 04447889

Abbreviated Balance Sheet as at 31 May 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1,015,436 1,015,436
1,015,436 1,015,436
Current assets
Debtors 17,500 17,500
Cash at bank and in hand 5,457 41,531
22,957 59,031
Creditors: amounts falling due within one year (176,284) (201,263)
Net current assets (liabilities) (153,327) (142,232)
Total assets less current liabilities 862,109 873,204
Creditors: amounts falling due after more than one year (703,290) (713,514)
Total net assets (liabilities) 158,819 159,690
Capital and reserves
Called up share capital 3 100 100
Revaluation reserve 134,571 134,571
Profit and loss account 24,148 25,019
Shareholders' funds 158,819 159,690
  • For the year ending 31 May 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 28 June 2016

And signed on their behalf by:
JOSEPH LIPSCHITZ, Director

MAPLECROFT CONSULTANTS LIMITED Registered Number 04447889

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Other accounting policies
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Tangible fixed assets
£
Cost
At 1 June 2014 1,015,436
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2015 1,015,436
Depreciation
At 1 June 2014 -
Charge for the year -
On disposals -
At 31 May 2015 -
Net book values
At 31 May 2015 1,015,436
At 31 May 2014 1,015,436

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
100 Ordinary shares of £1 each 100 100

The Ultimate Parent company is Continental Imports Limited.