M T Coyne Limited - Abbreviated accounts 16.3

M T Coyne Limited - Abbreviated accounts 16.3

M T COYNE LTD - Company Information

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08371919 1.4.15 31.3.16 31.3.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure083719192015-03-31083719192016-03-31083719192015-04-012016-03-31083719192014-03-31083719192014-04-012015-03-31083719192015-03-3108371919ns12:England2015-04-012016-03-3108371919ns14:PoundSterling2015-04-012016-03-3108371919ns7:Director12015-04-012016-03-3108371919ns7:OrdinaryShareClass12015-04-012016-03-3108371919ns7:OrdinaryShareClass12016-03-3108371919ns7:OrdinaryShareClass12015-03-31
REGISTERED NUMBER: 08371919 (England and Wales)












ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

M T COYNE LIMITED

M T COYNE LIMITED (REGISTERED NUMBER: 08371919)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 31 March 2016




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

M T COYNE LIMITED (REGISTERED NUMBER: 08371919)

ABBREVIATED BALANCE SHEET
31 March 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 300,000 400,000
Tangible assets 3 519 -
300,519 400,000

CURRENT ASSETS
Debtors 2,343 8,630
Cash at bank - 1,864
2,343 10,494
CREDITORS
Amounts falling due within one year 301,986 371,129
NET CURRENT LIABILITIES (299,643 ) (360,635 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
876
39,365

CAPITAL AND RESERVES
Called up share capital 4 10 10
Profit and loss account 866 39,355
SHAREHOLDERS' FUNDS 876 39,365

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 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 21 December 2016 and were signed by:





M T Coyne - Director


The notes form part of these abbreviated accounts

Page 1
M T COYNE LIMITED (REGISTERED NUMBER: 08371919)

NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 31 March 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been prepared in accordance with applicable accounting standards. The principal accounting
policies adopted in the preparation of the financial statements are set out below.

At the balance sheet date the company had net current liabilities of £299,643 (2015: £360,635), and total net
assets of £876 (2015 net assets: £39,365). Included in creditors due with one year are directors loans of
£275,975. The directors have expressed their willingness to support the company as necessary and along with the
forecasted future profitable trade the business is considered a going concern. The accounts and financial
statements have therefore been prepared on a going concern basis.

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 comprises the value of sales (net of value added tax) of services provided in the normal course of
business. Revenue is recognised in respect of service contracts when the company obtains the right to
consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of six years.

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


2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 600,000
AMORTISATION
At 1 April 2015 200,000
Amortisation for year 100,000
At 31 March 2016 300,000
NET BOOK VALUE

At 31 March 2016 300,000
At 31 March 2015 400,000

Page 2 continued...
M T COYNE LIMITED (REGISTERED NUMBER: 08371919)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the year ended 31 March 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
Additions 778
At 31 March 2016 778
DEPRECIATION
Charge for year 259
At 31 March 2016 259
NET BOOK VALUE
At 31 March 2016 519

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
10 Ordinary £1 10 10

Page 3