Mash Strategy Ltd - Period Ending 2017-02-28

Registration number: 07346329

Mash Strategy Ltd

Unaudited Abbreviated Accounts

for the Year Ended 29 February 2016
 

CRK Accounting Limited
12a Fleet Business Park
Fleet
Hants
GU52 8BF

Mash Strategy Ltd
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Mash Strategy Ltd
(Registration number: 07346329)
Abbreviated Balance Sheet at 29 February 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					113,630			142,974
Current assets
Debtors					2,122,187			1,024,919
Cash at bank and in hand					718,186			1,117,816
					2,840,373			2,142,735
Creditors: Amounts falling due within one year					(1,415,998)			(1,519,333)
Net current assets					1,424,375			623,402
Total assets less current liabilities					1,538,005			766,376
Provisions for liabilities					(5,110)			(15,200)
Net assets					1,532,895			751,176
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					1,532,795			751,076
Shareholders' funds					1,532,895			751,176

For the year ending 29 February 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 28 November 2016 and signed on its behalf by:

.........................................
E Sant
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Mash Strategy Ltd
(Registration number: 07346329)
Abbreviated Balance Sheet at 29 February 2016
......... continued

.........................................
C Persons
Director

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

Mash Strategy Ltd
Notes to the Abbreviated Accounts for the Year Ended 29 February 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 at the following annual rates in order to write off each asset over its estimated useful life.

Asset class	Depreciation method and rate
Office Equipment	20% on cost
Fixtures and Fittings	15% on cost
Computer Equipment	33% on cost

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Foreign currency

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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.

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Mash Strategy Ltd
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

Pensions

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	Fixed assets

		Tangible assets £			Total £
Cost
At 1 March 2015		190,187			190,187
Additions		14,445			14,445
Disposals		(9,046)			(9,046)
At 29 February 2016		195,586			195,586
Depreciation
At 1 March 2015		47,213			47,213
Charge for the year		41,402			41,402
Eliminated on disposals		(6,659)			(6,659)
At 29 February 2016		81,956			81,956
Net book value
At 29 February 2016		113,630			113,630
At 28 February 2015		142,974			142,974

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £0.10 each		1,000			100			1,000			100

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