Maddox Advisors (UK) Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08785241 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

MADDOX ADVISORS (UK) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr K L Hunter

REGISTERED OFFICE:

26 Mount Row

London

W1K 3SQ

REGISTERED NUMBER:

08785241 (England and Wales)

ACCOUNTANTS:

Raffingers

Chartered Certified Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Tangible assets

2

1,003

1,254

Investments

3

29,000

-

30,003

1,254

CURRENT ASSETS

Debtors

2,101

46,032

Cash at bank

29,971

41

32,072

46,073

CREDITORS

Amounts falling due within one year

61,379

46,720

NET CURRENT LIABILITIES

(29,307

)

(647

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

696

607

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

695

606

SHAREHOLDERS' FUNDS

696

607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 25 July 2016 and were signed by:

Mr K L Hunter - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, 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.

Fixtures and fittings

-

20% on reducing balance

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

1,551

DEPRECIATION

At 1 January 2015

297

Charge for year

251

At 31 December 2015

548

NET BOOK VALUE

At 31 December 2015

1,003

At 31 December 2014

1,254

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

29,000

At 31 December 2015

29,000

NET BOOK VALUE

At 31 December 2015

29,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary

£1

1