Abbreviated Company Accounts - M.M.Y. ACCOUNTANCY SERVICES LIMITED

Abbreviated Company Accounts - M.M.Y. ACCOUNTANCY SERVICES LIMITED

M.M.Y. ACCOUNTANCY SERVICES LIMITED - Company Information

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Registered Number 03263505

M.M.Y. ACCOUNTANCY SERVICES LIMITED

Abbreviated Accounts

31 October 2015

M.M.Y. ACCOUNTANCY SERVICES LIMITED Registered Number 03263505

Abbreviated Balance Sheet as at 31 October 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 247,786 259,447
247,786 259,447
Current assets
Debtors 27,885 29,079
Cash at bank and in hand 80,336 81,748
108,221 110,827
Creditors: amounts falling due within one year (40,758) (49,661)
Net current assets (liabilities) 67,463 61,166
Total assets less current liabilities 315,249 320,613
Creditors: amounts falling due after more than one year (164,291) (174,741)
Total net assets (liabilities) 150,958 145,872
Capital and reserves
Called up share capital 152 152
Profit and loss account 150,806 145,720
Shareholders' funds 150,958 145,872
  • 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 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 July 2016

And signed on their behalf by:
Mr M M Yousuf, Director

M.M.Y. ACCOUNTANCY SERVICES LIMITED Registered Number 03263505

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

1Accounting Policies

Basis of measurement and preparation of accounts
These accounts have been prepared under the historical cost convention as
modified by the revaluation of certain fixed assets and in accordance with
the Financial Reporting Standard for Smaller Entities (effective April 2008)

Turnover policy
Turnover is the total amount receivable by the company in the ordinary course of
business from outside customers for services provided and any goods supplied
excluding VAT The turnover and operating costs are attributable to the principal
activity of the business being that of company formation and other related services
the company also receives rental income

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation Depreciation is calculated
on the reducing balance method and aims to write down cost less estimated residual
value of all tangible fixed assets over their expected useful lives The rates are as
follows

Equipment 30%
Fixtures and Fittings 15%

Other accounting policies
Stocks and work in progress are valued at the lower of cost and net realisable value
after making due allowance for obsolete and slow-moving stocks Cost includes all
direct costs and an appropriate proportion of fixed and variable overheads

2Tangible fixed assets
£
Cost
At 1 November 2014 303,129
Additions -
Disposals (18,170)
Revaluations -
Transfers -
At 31 October 2015 284,959
Depreciation
At 1 November 2014 43,682
Charge for the year 2,701
On disposals (9,210)
At 31 October 2015 37,173
Net book values
At 31 October 2015 247,786
At 31 October 2014 259,447