Merlin IT Services Limited - Abbreviated accounts

MERLIN IT SERVICES LIMITED - Company Information

Registered number

03377137

Merlin IT Services Limited

Abbreviated Accounts

31 May 2016

Merlin IT Services Limited
Registered number:		03377137
Abbreviated Balance Sheet
as at 31 May 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		2			39

Current assets
Debtors		7,560			21,113
Cash at bank and in hand		6,451			850
		14,011			21,963

Creditors: amounts falling due within one year		(13,604)			(19,957)

Net current assets			407			2,006

Net assets			409			2,045

Capital and reserves
Called up share capital	3		2			2
Profit and loss account			407			2,043

Shareholders' funds			409			2,045

The director is 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements 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.



Philip Cooper
Director
Approved by the board on 14 October 2016

Merlin IT Services Limited
Notes to the Abbreviated Accounts
for the year ended 31 May 2016

1	Accounting policies

	Basis of preparation
	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including the Financial Reporting Standard for smaller entities effective January 2015 and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis and are presented in Sterling (£).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services which is recognised by reference to the stage of completion of the contract.

	Depreciation
	Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets over their expected useful lives, using the straight-line method.

	Plant and machinery			25% straight line
	#REF!			#REF!

	Deferred taxation
	Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that that have been enacted or substantively enacted by the reporting date. Deferred tax is calculated using the tax rates and laws that that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference and is recognised in respect of all timing differences at the reporting date, except as otherwise indicated. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed


2	Tangible fixed assets					£

	Cost
	At 1 June 2015					4,905
	At 31 May 2016					4,905

	Depreciation
	At 1 June 2015					4,866
	Charge for the year					37
	At 31 May 2016					4,903

	Net book value
	At 31 May 2016					2
	At 31 May 2015					39


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2		2		2