Matthew Solan Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07027351 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2016

for

Matthew Solan Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M C Solan

REGISTERED OFFICE:

7 Lindum Terrace

Lincoln

Lincolnshire

LN2 5RP

REGISTERED NUMBER:

07027351 (England and Wales)

ACCOUNTANTS:

Stanbridge Associates Limited

7 Lindum Terrace

Lincoln

Lincolnshire

LN2 5RP

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

5,444

6,540

5,444

6,540

CURRENT ASSETS

Debtors

49,219

92,561

Cash at bank

9,414

13,137

58,633

105,698

CREDITORS

Amounts falling due within one year

63,897

88,723

NET CURRENT (LIABILITIES)/ASSETS

(5,264

)

16,975

TOTAL ASSETS LESS CURRENT
LIABILITIES

180

23,515

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

80

23,415

SHAREHOLDERS' FUNDS

180

23,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 14 December 2016 and were signed by:

M C Solan - 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 trading income accrued during the period shown by these financial

statements.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

280,000

AMORTISATION

At 1 October 2015

and 30 September 2016

280,000

NET BOOK VALUE

At 30 September 2016

-

At 30 September 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

35,783

Additions

808

At 30 September 2016

36,591

DEPRECIATION

At 1 October 2015

29,243

Charge for year

1,904

At 30 September 2016

31,147

NET BOOK VALUE

At 30 September 2016

5,444

At 30 September 2015

6,540

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1.00

100