Malik & Malik Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08007355 (England and Wales)

MALIK & MALIK LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Directors:

M Nazeer

M Saleem

Registered office:

234- 236 High Road

Willesden

London

NW10 2NX

Registered number:

08007355 (England and Wales)

Accountants:

M. Parmar & Co.

Chartered Accountants

First Floor

244 Edgware Road

London

W2 1DS

Fixed assets

Intangible assets

2

90,000

180,000

Tangible assets

3

53,061

70,478

143,061

250,478

Current assets

Debtors

349,934

46,160

Cash at bank and in hand

44,028

401,825

393,962

447,985

Creditors

Amounts falling due within one year

439,580

517,732

Net current liabilities

(45,618

)

(69,747

)

Total assets less current liabilities

97,443

180,731

Capital and reserves

Called up share capital

4

100

Profit and loss account

97,343

180,631

Shareholders' funds

97,443

180,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 24 September 2016 and were signed on
its behalf by:

M Nazeer - Director

M Saleem - 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 amounts receivable for services net of VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings & equipment

-

25% 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.

2.	Intangible fixed assets

Total

£

Cost

At 1 July 2015

and 30 June 2016

450,000

Amortisation

At 1 July 2015

270,000

Amortisation for year

90,000

At 30 June 2016

360,000

Net book value

At 30 June 2016

90,000

At 30 June 2015

180,000

3.	Tangible fixed assets

Total

£

Cost

At 1 July 2015

100,085

Additions

270

At 30 June 2016

100,355

Depreciation

At 1 July 2015

29,607

Charge for year

17,687

At 30 June 2016

47,294

Net book value

At 30 June 2016

53,061

At 30 June 2015

70,478

4.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100