Maroubra Personal Development Limited - Period Ending 2015-12-31

Registration number: 02736796

Maroubra Personal Development Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Maroubra Personal Development Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Maroubra Personal Development Limited
(Registration number: 02736796)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			2,974			2,960
Current assets
Stocks					50			50
Debtors					193			-
Cash at bank and in hand					1,185			4,207
					1,428			4,257
Creditors: Amounts falling due within one year					(16,138)			(15,836)
Net current liabilities					(14,710)			(11,579)
Total assets less current liabilities					(11,736)			(8,619)
Capital and reserves
Called up share capital		3			20			20
Profit and loss account					(11,756)			(8,639)
Shareholders' deficit					(11,736)			(8,619)

For the year ending 31 December 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 his 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 director on 8 September 2016

.........................................
B J Wicks
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Maroubra Personal Development Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 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 January 2015).

Turnover

Turnover represents the amount due from customers in respect of services supplied during the year.

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
Office equipment	10% reducing balance basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

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 January 2015		13,076			13,076
Additions		344			344
At 31 December 2015		13,420			13,420
Depreciation
At 1 January 2015		10,116			10,116
Charge for the year		330			330
At 31 December 2015		10,446			10,446
Net book value
At 31 December 2015		2,974			2,974
At 31 December 2014		2,960			2,960

Page 2

Maroubra Personal Development Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		20			20			20			20

Page 3