MB IFA Limited - Abbreviated accounts 16.1

MB IFA Limited - Abbreviated accounts 16.1

MB IFA LIMITED - Company Information

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06113734 1.3.15 29.2.16 29.2.16 Company accounts Private Limited Company FY true false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure061137342015-02-28061137342016-02-29061137342015-03-012016-02-29061137342014-02-28061137342014-03-012015-02-28061137342015-02-2806113734ns12:England2015-03-012016-02-2906113734ns14:PoundSterling2015-03-012016-02-2906113734ns7:Director12015-03-012016-02-2906113734ns7:OrdinaryShareClass12015-03-012016-02-2906113734ns7:CompanySecretary2015-03-012016-02-2906113734ns7:RegisteredOffice2015-03-012016-02-2906113734ns5:FixturesFittings2015-03-012016-02-2906113734ns7:OrdinaryShareClass12016-02-2906113734ns7:OrdinaryShareClass12015-02-2806113734ns7:Director12015-02-2806113734ns7:Director12014-02-2806113734ns7:Director12014-03-012015-02-2806113734ns7:Director12016-02-2906113734ns7:Director12015-02-28
REGISTERED NUMBER: 06113734 (England and Wales)
















MB IFA LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 29 FEBRUARY 2016






MB IFA LIMITED (REGISTERED NUMBER: 06113734)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

MB IFA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2016







DIRECTOR: M A Bowater





SECRETARY: Mrs J C Bowater





REGISTERED OFFICE: 82 Jacobs Hall Lane
Great Wyrley
Walsall
West Midlands
WS6 6AD





REGISTERED NUMBER: 06113734 (England and Wales)
Page 1
MB IFA LIMITED (REGISTERED NUMBER: 06113734)

ABBREVIATED BALANCE SHEET
29 FEBRUARY 2016

29.2.16 28.2.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 16,500 18,000
Tangible assets 3 1,938 2,280
18,438 20,280

CURRENT ASSETS
Debtors 5,796 -
Cash at bank 2,052 1,130
7,848 1,130
CREDITORS
Amounts falling due within one year 25,610 20,185
NET CURRENT LIABILITIES (17,762 ) (19,055 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
676
1,225

PROVISIONS FOR LIABILITIES 388 362
NET ASSETS 288 863

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 286 861
SHAREHOLDERS' FUNDS 288 863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 15 November 2016 and were signed by:





M A Bowater - Director


The notes form part of these abbreviated accounts

Page 2
MB IFA LIMITED (REGISTERED NUMBER: 06113734)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016

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 goods, excluding value added tax, except in respect of service
contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty 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 and fittings - 15% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2015
and 29 February 2016 30,000
AMORTISATION
At 1 March 2015 12,000
Amortisation for year 1,500
At 29 February 2016 13,500
NET BOOK VALUE

At 29 February 2016 16,500
At 28 February 2015 18,000

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2015
and 29 February 2016 4,706
DEPRECIATION
At 1 March 2015 2,426
Charge for year 342
At 29 February 2016 2,768
NET BOOK VALUE
At 29 February 2016 1,938
At 28 February 2015 2,280

Page 3 continued...
MB IFA LIMITED (REGISTERED NUMBER: 06113734)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2016

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.16 28.2.15
value: £    £   
100 Ordinary £1 2 2

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2016 and
28 February 2015:

29.2.16 28.2.15
£    £   
M A Bowater
Balance outstanding at start of year - -
Amounts advanced 5,797 -
Amounts repaid - -
Balance outstanding at end of year 5,797 -

Page 4