Middledistance Associates Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06871246 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Middledistance Associates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J Wingfield

R Wingfield

REGISTERED OFFICE:

Weston Lodge

Harding Street

Tenby

Dyfed

SA70 7LL

REGISTERED NUMBER:

06871246 (England and Wales)

FIXED ASSETS

Tangible assets

2

14,322

18,054

CURRENT ASSETS

Debtors

16,774

12,553

Cash at bank

11,808

7,114

28,582

19,667

CREDITORS

Amounts falling due within one year

11,261

4,192

NET CURRENT ASSETS

17,321

15,475

TOTAL ASSETS LESS CURRENT

LIABILITIES

31,643

33,529

PROVISIONS FOR LIABILITIES

2,865

3,610

NET ASSETS

28,778

29,919

CAPITAL AND RESERVES

Called up share capital

3

126

126

Profit and loss account

28,652

29,793

SHAREHOLDERS' FUNDS

28,778

29,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 18 July 2016 and were signed on its behalf by:

J Wingfield - 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 April 2008).

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

-

20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

22,775

Additions

1,030

At 31 March 2016

23,805

DEPRECIATION

At 1 April 2015

4,721

Charge for year

4,762

At 31 March 2016

9,483

NET BOOK VALUE

At 31 March 2016

14,322

At 31 March 2015

18,054

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/16

31/3/15

value:

£

£

22

Ordinary shares

£1

22

22

50

A Ordinary

£1

50

50

50

B Ordinary

£1

50

50

4

C Ordinary

£1

4

4

126

126

4.	TRANSACTIONS WITH DIRECTORS

The following loan to directors subsisted during the years ended 31 March 2016 and 31 March 2015:

31/3/16

31/3/15

£

£

J Wingfield

Balance outstanding at start of year

4,445

4,609

Amounts advanced

1,500

4,836

Amounts repaid

(6,111

)

(5,000

)

Balance outstanding at end of year

(166

)

4,445