Max Spencer Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09064378 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2016

for

Max Spencer Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTOR:

M Spencer

REGISTERED OFFICE:

1 Charterhouse Mews

London

London

EC1M 6BB

REGISTERED NUMBER:

09064378 (England and Wales)

ACCOUNTANTS:

Anstey Bond LLP

1 Charterhouse Mews

London

EC1M 6BB

FIXED ASSETS

Tangible assets

2

4,376

1,295

CURRENT ASSETS

Debtors

6,515

12,210

Cash at bank and in hand

37,746

33,121

44,261

45,331

CREDITORS

Amounts falling due within one year

27,897

37,096

NET CURRENT ASSETS

16,364

8,235

TOTAL ASSETS LESS CURRENT LIABILITIES

20,740

9,530

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

20,739

9,529

SHAREHOLDERS' FUNDS

20,740

9,530

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 19 October 2016 and were signed by:

M Spencer - 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 services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

1,727

Additions

4,407

At 31 May 2016

6,134

DEPRECIATION

At 1 June 2015

432

Charge for year

1,326

At 31 May 2016

1,758

NET BOOK VALUE

At 31 May 2016

4,376

At 31 May 2015

1,295

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

£

1

Ordinary

1

1

1

4.	RELATED PARTY DISCLOSURES

5.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Max Spencer Limited for the year ended 31 May 2016 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Max Spencer Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Max Spencer Limited and state those matters that we have agreed to state to the director of Max Spencer Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Max Spencer Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Max Spencer Limited. You consider that Max Spencer Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Max Spencer Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Anstey Bond LLP

1 Charterhouse Mews

London

EC1M 6BB

Date: .............................................