Maxwell Hodgson Ltd - Period Ending 2016-06-30

Registration number: 06214564

Maxwell Hodgson Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

Moulds & Co Accountants
Unit 10
York Road Estate
Wetherby
West Yorkshire
LS22 7SU

Maxwell Hodgson Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Maxwell Hodgson Ltd
for the Year Ended 30 June 2016

You consider that the company is exempt from an audit for the year ended 30 June 2016. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

......................................

Moulds & Co Accountants
Unit 10
York Road Estate
Wetherby
West Yorkshire
LS22 7SU

2 November 2016

Page 1

Maxwell Hodgson Ltd
(Registration number: 06214564)
Abbreviated Balance Sheet at 30 June 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					6,239			8,297
Current assets
Debtors					27,493			37,390
Cash at bank and in hand					148,984			105,832
					176,477			143,222
Creditors: Amounts falling due within one year					(43,272)			(36,252)
Net current assets					133,205			106,970
Total assets less current liabilities					139,444			115,267
Creditors: Amounts falling due after more than one year					(27,675)			(8,322)
Net assets					111,769			106,945
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					110,769			105,945
Shareholders' funds					111,769			106,945

For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 31 October 2016 and signed on its behalf by:

.........................................
Mr Maxwell Hodgson
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Maxwell Hodgson Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures & Fittings	25% Reducing Balance Basis
Office Equipment	25% Reducing Balance Basis
Leasehold Improvements	20% Straight Line Basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

Maxwell Hodgson Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2015		39,814			39,814
Additions		2,810			2,810
At 30 June 2016		42,624			42,624
Depreciation
At 1 July 2015		31,517			31,517
Charge for the year		4,868			4,868
At 30 June 2016		36,385			36,385
Net book value
At 30 June 2016		6,239			6,239
At 30 June 2015		8,297			8,297

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Shares of £1 each		1,000			1,000			1,000			1,000

Page 4