Management Company Services Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05032589 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Management Company Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr D Hockley

Mrs J Runcieman

SECRETARY:

Mr D Hockley

REGISTERED OFFICE:

Netherfield Lane

Stanstead Abbotts

Hertfordshire

SG12 8HE

REGISTERED NUMBER:

05032589 (England and Wales)

ACCOUNTANTS:

DSCO

The Old Boardroom

Collett Road

Ware

Hertfordshire

SG12 7LR

FIXED ASSETS

Tangible assets

2

17,018

11,493

CURRENT ASSETS

Stocks

19,000

-

Debtors

59,931

29,791

Cash at bank and in hand

141,647

158,926

220,578

188,717

CREDITORS

Amounts falling due within one year

136,824

113,282

NET CURRENT ASSETS

83,754

75,435

TOTAL ASSETS LESS CURRENT
LIABILITIES

100,772

86,928

PROVISIONS FOR LIABILITIES

382

-

NET ASSETS

100,390

86,928

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

100,290

86,828

SHAREHOLDERS' FUNDS

100,390

86,928

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 15 December 2016 and were signed on its behalf
by:

Mrs J Runcieman - 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 net invoiced sales of goods, 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.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

bbalance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

120,030

Additions

14,613

At 31 March 2016

134,643

DEPRECIATION

At 1 April 2015

108,537

Charge for year

9,088

At 31 March 2016

117,625

NET BOOK VALUE

At 31 March 2016

17,018

At 31 March 2015

11,493

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100