MAXICAM_LIMITED - Accounts

MAXICAM LIMITED - Company Information

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Company Registration No. 07464601 (England and Wales)

MAXICAM LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

MAXICAM LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

MAXICAM LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

63,446

30,310

Current assets

Stocks

5,000

2,208

Debtors

164,354

154,052

Cash at bank and in hand

242,563

4,713

411,917

160,973

Creditors: amounts falling due within one year

(471,316)

(183,767)

Net current liabilities

(59,399)

(22,794)

Total assets less current liabilities

4,047

7,516

Capital and reserves

Called up share capital

100

Profit and loss account

3,947

7,416

Shareholders' funds

4,047

7,516

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 September 2016

Lucilia Powell

Director

Company Registration No. 07464601

MAXICAM LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% - Straight Line Basis

Computer equipment

50% - Straight Line Basis

Fixtures, fittings & equipment

25% - Straight Line Basis

Motor vehicles

33% - Straight Line Basis

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

MAXICAM LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 January 2015

45,501

Additions

54,095

At 31 December 2015

99,596

Depreciation

At 1 January 2015

15,190

Charge for the year

20,960

At 31 December 2015

36,150

Net book value

At 31 December 2015

63,446

At 31 December 2014

30,310

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100