Madhavan Design Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02886139 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

MADHAVAN DESIGN LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

N Madhavan

SECRETARY:

L M Madhavan

REGISTERED OFFICE:

GA Centre Aviation Park

Flint Road

Saltney Ferry

Chester

Cheshire

CH4 0GZ

REGISTERED NUMBER:

02886139 (England and Wales)

ACCOUNTANTS:

Beever and Struthers

St George's House

215-219 Chester Road

Manchester

Lancashire

M15 4JE

FIXED ASSETS

Tangible assets

2

1,062

1,466

CURRENT ASSETS

Debtors

102,264

92,085

CREDITORS

Amounts falling due within one year

103,231

91,687

NET CURRENT (LIABILITIES)/ASSETS

(967

)

398

TOTAL ASSETS LESS CURRENT
LIABILITIES

95

1,864

CREDITORS

Amounts falling due after more than one
year

-

1,860

NET ASSETS

95

4

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

93

2

SHAREHOLDERS' FUNDS

95

4

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 28 November 2016 and were signed by:

N Madhavan - 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 the value of services supplied, excluding value added tax.

Tangible fixed assets

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

Office Equipment

-

15% on cost

Computer equipment

-

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.

Going concern basis

The financial statements have been prepared on the going concern basis on the assumption that the

director, N Madhavan, will be able to repay the amount of £83,297 that he owes to the company.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

9,396

DEPRECIATION

At 1 January 2015

7,930

Charge for year

404

At 31 December 2015

8,334

NET BOOK VALUE

At 31 December 2015

1,062

At 31 December 2014

1,466

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary A

£1

1

Ordinary B

£1

1

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2015

and 31 December 2014:

2015

2014

£

N Madhavan

Balance outstanding at start of year

75,861

53,468

Amounts advanced

7,436

22,393

Amounts repaid

-

Balance outstanding at end of year

83,297

75,861