MAYCOURT LIMITED - Abbreviated accounts 16.1

REGISTERED NUMBER: 04617822 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

MAYCOURT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R Smyth

REGISTERED OFFICE:

42A The Broadway

Joel street

Northwood

Middlesex

HA6 1PA

REGISTERED NUMBER:

04617822 (England and Wales)

ACCOUNTANTS:

Shah and Shin

27A Green Lane

Northwood, Middlesex

HA6 2PX

FIXED ASSETS

Tangible assets

2

65,252

72,588

CURRENT ASSETS

Stocks

6,200

5,800

Prepayments and accrued income

373

Cash at bank and in hand

9,511

15,664

16,084

21,837

CREDITORS

Amounts falling due within one year

31,025

24,388

NET CURRENT LIABILITIES

(14,941

)

(2,551

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

50,311

70,037

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

50,309

70,035

SHAREHOLDERS' FUNDS

50,311

70,037

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 26 September 2016 and were signed by:

R Smyth - 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.

Leasehold Land and Buildings - 5% per annum on cost

Fixtures, fittings & equipment - 25% per annum on reducing balance

Motor vehicle - 25% per annum on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

117,014

DEPRECIATION

At 1 January 2015

44,426

Charge for year

7,336

At 31 December 2015

51,762

NET BOOK VALUE

At 31 December 2015

65,252

At 31 December 2014

72,588

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary shares

1

2