M.J.& A. Accountancy and Stocktaking Services Limited - Accounts

MJ & A ACCOUNTANCY AND STOCKTAKING SERVICES LIMITED - Company Information

Registered number

05417932

M.J.& A. Accountancy and Stocktaking Services Limited

Report and Accounts

30 April 2016

M.J.& A. Accountancy and Stocktaking Services Limited
Registered number:		05417932
Directors' Report

The directors present their report and accounts for the year ended 30 April 2016.

Principal activities
The company's principal activity during the year continued to be Accountancy and Stocktaking including book-keeping

Directors
The following persons served as directors during the year:

	Ann Brierley
	Michael John Brierley
	Andrew Foster







Political and charitable donations


Third party indemnity provisions


Acquisition of own shares
[Reason for purchase]. The details of the shares purchased are as follows:
Class of share			Ordinary shares
Amount paid			£0
Nominal value of shares			£0
Number of shares			0
Percentage of class purchased			0.0%

Employment of disabled persons


Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 16 November 2016 and signed on its behalf.





Ann Brierley
0
Director

M.J.& A. Accountancy and Stocktaking Services Limited
Profit and Loss Account
for the year ended 30 April 2016


Notes		2016		2015
£			£

Turnover	2	312,706		340,707

Cost of sales		-		-

Gross profit		312,706		340,707

Distribution costs		-		-
Administrative expenses		(306,847)		(332,485)
Other operating income		-		-

Operating profit	3	5,859		8,222

Exceptional items:
profit on the disposal of tangible fixed assets		-		-
profit on the disposal of investments		-		-
		-		-

		5,859		8,222

Income from investments		-		-
Interest receivable		-		-
Interest payable	4	(29)		-

Profit on ordinary activities before taxation		5,830		8,222

Tax on profit on ordinary activities	5	(986)		(3,426)

Profit for the financial year		4,844		4,796

M.J.& A. Accountancy and Stocktaking Services Limited
Balance Sheet
as at 30 April 2016

Notes			2016			2015
£				£
Fixed assets
Intangible assets	6		-			-
Tangible assets	7		8,236			1,228
Investments	8		-			-
			8,236			1,228

Current assets
Stocks		-			-
Debtors	9	-			-
Investments held as current assets	10	-			-
Cash at bank and in hand		30,106			28,209
		30,106			28,209

Creditors: amounts falling due within one year	11	(20,392)			(16,331)

Net current assets			9,714			11,878

Total assets less current liabilities			17,950			13,106

Creditors: amounts falling due after more than one year	12		-			-

Provisions for liabilities	14		-			-


Net assets			17,950			13,106

Capital and reserves
Called up share capital	15		-			-
Share premium	16		-			-
Revaluation reserve	17		-			-
Capital redemption reserve	18		-			-
Profit and loss account	19		17,950			13,106

Shareholders' funds			17,950			13,106

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.




Ann Brierley
Director
Approved by the board on 16 November 2016

M.J.& A. Accountancy and Stocktaking Services Limited
Notes to the Accounts
for the year ended 30 April 2016

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% straight line
	Motor vehicles			25% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

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

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Turnover					2016		2015

	Turnover attributable to geographical markets outside the UK					0.0%		0.0%


3	Operating profit					2016		2015
£							£
	This is stated after charging:

	Depreciation of owned fixed assets					308		308
	Depreciation of assets held under finance leases and hire purchase contracts					-		-
	Amortisation of goodwill					-		-
	Directors' remuneration					-		-
	Compensation to past directors for loss of office					-		-
	Pension costs					-		-
	Auditors' remuneration					-		-
	Exceptional costs associated with introducing the Euro					-		-

	Number of directors to whom benefits accrued under money purchase pension schemes					-		-


4	Interest payable					2016		2015
£							£

	Interest payable					29		-
	Non-equity dividends					-		-
						29		-


5	Taxation					2016		2015
£							£

	UK corporation tax					986		3,426
	Deferred tax					-		-
						986		3,426


6	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 May 2015							-
	Additions							-
	Disposals							-
	At 30 April 2016							-

	Amortisation
	At 1 May 2015							-
	Provided during the year							-
	On disposals							-
	At 30 April 2016							-

	Net book value
	At 30 April 2016							-
	At 30 April 2015							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


7	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 May 2015	-		1,536		-		1,536
	Additions	-		1,536		5,780		7,316
	Surplus on revaluation	-		-		-		-
	Disposals	-		-		-		-
	At 30 April 2016	-		3,072		5,780		8,852

	Depreciation
	At 1 May 2015	-		308		-		308
	Charge for the year	-		308		-		308
	Surplus on revaluation	-		-		-		-
	On disposals	-		-		-		-
	At 30 April 2016	-		616		-		616

	Net book value
	At 30 April 2016	-		2,456		5,780		8,236
	At 30 April 2015	-		1,228		-		1,228


	Freehold land and buildings:					2016		2015
£							£
	Historical cost					-		-
	Cumulative depreciation based on historical cost					-		-


						2016		2015
£							£
	Net book value of plant, machinery and vehicles included above held under finance leases and hire purchase contracts					-		-


8	Investments
Investments in
subsidiary					Other
undertakings					investments		Total
£					£		£
	Cost
	At 1 May 2015			-		-		-
	Additions			-		-		-
	Disposals			-		-		-

	At 30 April 2016			-		-		-

	The company holds 20% or more of the share capital of the following companies:

Capital and							Profit (loss)
	Company	Shares held				reserves	for the year
		Class		%	£		£
	[Company name 1]	Ordinary		-		-		-
	[Company name 2]	Ordinary		-		-		-
	[Company name 3]	Ordinary		-		-		-
	[Company name 4]	Ordinary		-		-		-

	Other investments					2016		2015
£							£

	Listed investments					-		-
	Unlisted investments					-		-
						-		-

	Listed investments at market value					-		-


9	Debtors					2016		2015
£							£

	Trade debtors					-		-
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					-		-
	Deferred tax asset (see note 14)					-		-
	Other debtors					-		-
						-		-

	Amounts due after more than one year included above					-		-


10	Investments held as current assets					2016		2015
£							£

	Listed investments					-		-
	Unlisted investments					-		-
						-		-

	Listed investments at market value					-		-


11	Creditors: amounts falling due within one year					2016		2015
£							£

	Non-equity preference shares					-		-
	Bank loans and overdrafts					-		-
	Obligations under finance lease and hire purchase contracts					-		-
	Trade creditors					(216)		-
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					-		-
	Corporation tax					-		-
	Other taxes and social security costs					11,947		13,551
	Other creditors					8,661		2,780
						20,392		16,331


12	Creditors: amounts falling due after one year					2016		2015
£							£

	Non-equity preference shares					-		-
	Bank loans					-		-
	Obligations under finance lease and hire purchase contracts					-		-
	Trade creditors					-		-
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					-		-
	Other creditors					-		-
						-		-


13	Loans					2016		2015
£							£
	Creditors include:
	Amounts falling due for payment after more than five years					-		-
	Secured bank loans					-		-


14	Provisions for liabilities
	Deferred taxation:					2016		2015
£							£

	Accelerated capital allowances					-		-
	Tax losses carried forward					-		-

						-		-


						2016		2015
£							£

	At 1 May					-		-
	Deferred tax charge in profit and loss account					-		-

	At 30 April					-		-


15	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		-		-
	B Ordinary shares	£1 each		-		-		-
						-		-
	? Preference shares	£1 each		-		-		-
						-		-

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		-		-
	B Ordinary shares	£1 each		-		-
						-
	? Preference shares	£1 each		-		-
						-


16	Share premium					2016
£

	At 1 May 2015					-
	Shares issued					-
	Expenses of issue					-

	At 30 April 2016					-


17	Revaluation reserve					2016
£

	At 1 May 2015					-
	Arising on revaluation during the year					-

	At 30 April 2016					-


18	Capital redemption reserve					2016
£

	At 1 May 2015					-
	Transfer from the profit and loss account					-

	At 30 April 2016					-


19	Profit and loss account					2016
£

	At 1 May 2015					13,106
	Prior year adjustments					-
	At 1 May 2015					13,106
	Profit for the year					4,844
	Dividends					-
	Transfer to capital redemption reserve					-

	At 30 April 2016					17,950


20	Dividends					2016		2015
£							£

	Dividends for which the company became liable during the year:
	Dividends paid					-		-
	Dividends not paid					-		-
						-		-

	Analysis of dividends by type:
	Non-equity dividends (note 4)					-		-
	Equity dividends (note 19)					-		-
						-		-


	Dividends proposed after the balance sheet date					-		-


21	Post balance sheet events




22	Capital commitments					2016		2015
£							£

	Amounts contracted for but not provided in the accounts					-		-


23	Pension commitments




24	Other financial commitments					2016		2015
£							£
	At the year end the company had annual commitments under non-cancellable operating leases as set out below:

	Operating leases which expire:
	within one year					-		-
	within two to five years					-		-
	in over five years					-		-
						-		-


25	Contingent liabilities




26	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Ann Brierley
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-

	Michael John Brierley
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-

	Andrew Foster
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-

	0
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-

	0
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-

	0
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-

	0
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-

	0
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-

	0
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-

		-		-		-		-


27	Guarantees made by the company on behalf of directors
	Description and terms			Maximum	Amount paid
liability					and incurred
£					£
	Ann Brierley
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-

	Michael John Brierley
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-

	Andrew Foster
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-

	0
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-

	0
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-

	0
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-

	0
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-

	0
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-

	0
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-

				-		-


28	Related party transactions					2016		2015
£							£
	[Name of related party 1]
	[Description of relationship]
	[Description of transaction and amounts involved]
	[Amount due from (to) the related party]					-		-
	[Provision for doubtful debt due from related party]					-		-
	[Amounts written off in the period]					-		-
	[Name of related party 2]
	[Description of relationship]
	[Description of transaction and amounts involved]
	[Amount due from (to) the related party]					-		-
	[Provision for doubtful debt due from related party]					-		-
	[Amounts written off in the period]					-		-
	[Name of related party 3]
	[Description of relationship]
	[Description of transaction and amounts involved]
	[Amount due from (to) the related party]					-		-
	[Provision for doubtful debt due from related party]					-		-
	[Amounts written off in the period]					-		-
	[Name of related party 4]
	[Description of relationship]
	[Description of transaction and amounts involved]
	[Amount due from (to) the related party]					-		-
	[Provision for doubtful debt due from related party]					-		-
	[Amounts written off in the period]					-		-
	[Name of related party 5]
	[Description of relationship]
	[Description of transaction and amounts involved]
	[Amount due from (to) the related party]					-		-
	[Provision for doubtful debt due from related party]					-		-
	[Amounts written off in the period]					-		-
	[Name of related party 6]
	[Description of relationship]
	[Description of transaction and amounts involved]
	[Amount due from (to) the related party]					-		-
	[Provision for doubtful debt due from related party]					-		-
	[Amounts written off in the period]					-		-
	[Name of related party 7]
	[Description of relationship]
	[Description of transaction and amounts involved]
	[Amount due from (to) the related party]					-		-
	[Provision for doubtful debt due from related party]					-		-
	[Amounts written off in the period]					-		-
	[Name of related party 8]
	[Description of relationship]
	[Description of transaction and amounts involved]
	[Amount due from (to) the related party]					-		-
	[Provision for doubtful debt due from related party]					-		-
	[Amounts written off in the period]					-		-
	[Name of related party 9]
	[Description of relationship]
	[Description of transaction and amounts involved]
	[Amount due from (to) the related party]					-		-
	[Provision for doubtful debt due from related party]					-		-
	[Amounts written off in the period]					-		-


29	Ultimate controlling party

M.J.& A. Accountancy and Stocktaking Services Limited
Detailed profit and loss account
for the year ended 30 April 2016


	2016		2015
£		£

Sales	312,706		340,707

Cost of sales	-		-

Gross profit	312,706		340,707

Distribution costs	-		-
Administrative expenses	(306,847)		(332,485)
Other operating income	-		-

Operating profit	5,859		8,222

Exceptional items	-		-
Income from investments	-		-
Interest receivable	-		-
Interest payable	(29)		-

Profit before tax	5,830		8,222

M.J.& A. Accountancy and Stocktaking Services Limited
Detailed profit and loss account
for the year ended 30 April 2016

		2016		2015
£			£
Sales
Sales		312,706		340,707
		312,706		340,707

Cost of sales
Purchases		-		-
Decrease in stocks		-		-
Subcontractor costs		-		-
Direct labour		-		-
Carriage		-		-
Discounts allowed		-		-
Commissions payable		-		-
Other direct costs		-		-
		-		-

Distribution costs
Distribution costs		-		-
		-		-

Administrative expenses
Employee costs:
	Wages and salaries	224,091		253,825
	Directors' salaries	-		-
	Pensions	-		150
	Bonuses	-		625
	Employer's NI	-		-
	Temporary staff and recruitment	5,590		20,240
	Staff training and welfare	346		1,568
	Travel and subsistence	3,613		399
	Motor expenses	17,583		25,350
	Entertaining	-		-
		251,223		302,157
Premises costs:
	Rent	11,625		12,700
	Rates	7,255		7,665
	Service charges	1,036		2,174
	Light and heat	2,923		3,065
	Cleaning	2,325		-
	Use of home	-		-
		25,164		25,604
General administrative expenses:
	Telephone and fax	3,068		3,220
	Postage	2,962		3,082
	Stationery and printing	3,100		2,867
	Courier services	-		-
	Information and publications	-		-
	Subscriptions	300		-
	Bank charges	591		778
	Insurance	3,161		1,855
	Equipment expensed	4,249		( 12,627 )
	Equipment hire	3,177		2,905
	Software	1,520		1,658
	Repairs and maintenance	7,399		363
	Depreciation	-		308
	Amortisation of goodwill	-		-
	Bad debts	-		-
	Sundry expenses	-		-
		29,527		4,409
Legal and professional costs:
	Audit fees	-		-
	Accountancy fees	-		-
	Solicitors fees	-		-
	Consultancy fees	-		-
	Management fees	-		-
	Advertising and PR	380		315
	Other legal and professional	553		-
		933		315

		306,847		332,485

Other operating income
Other operating income		-		-
		-		-

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