Midland Assured Consulting Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06777820 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

MIDLAND ASSURED CONSULTING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr P M Davis

Mr S J Davis

SECRETARY:

Mr P M Davis

REGISTERED OFFICE:

Unit 46 Innovation Centre

Warwick Technology Park

Gallows Hill

Warwick

CV34 6UW

REGISTERED NUMBER:

06777820 (England and Wales)

ACCOUNTANTS:

Pentlands Accountants & Business Advisors

Chartered Certified Accountants

and Registered Auditors

3 Pegasus House

Pegasus Court

Olympus Avenue

Warwick

Warwickshire

CV34 6LW

FIXED ASSETS

Tangible assets

2

1,476

2,075

Investments

3

-

1

1,476

2,076

CURRENT ASSETS

Debtors

337,467

304,349

Cash at bank and in hand

320,474

603,531

657,941

907,880

CREDITORS

Amounts falling due within one year

337,733

571,650

NET CURRENT ASSETS

320,208

336,230

TOTAL ASSETS LESS CURRENT LIABILITIES

321,684

338,306

PROVISIONS FOR LIABILITIES

295

415

NET ASSETS

321,389

337,891

CAPITAL AND RESERVES

Called up share capital

4

180

180

Profit and loss account

321,209

337,711

SHAREHOLDERS' FUNDS

321,389

337,891

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 22 December 2016 and were signed on its behalf by:

Mr P M Davis - 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).

Preparation of consolidated financial statements

The financial statements contain information about Midland Assured Consulting Limited

as an individual company and do not contain consolidated financial information as the

parent of a group. The company has taken the option under Section 398 of the

Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, except in

respect of service contracts where turnover is recognised when the company obtains the

right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

20% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the

balance sheet. Those held under hire purchase contracts are depreciated over their

estimated useful lives. Those held under finance leases are depreciated over their

estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over

the relevant period. The capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

28,132

Additions

425

At 31 March 2016

28,557

DEPRECIATION

At 1 April 2015

26,057

Charge for year

1,024

At 31 March 2016

27,081

NET BOOK VALUE

At 31 March 2016

1,476

At 31 March 2015

2,075

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

1

Disposals

(1

)

At 31 March 2016

-

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

1

The company's investments at the Balance Sheet date in the share capital of companies

include the following:

Nimbus Property Systems Ltd

Nature of business: Property information platform

%

Class of shares:

holding

Ordinary

2016

2015

£

£

Aggregate capital and reserves

-

1

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

180

Ordinary

£1

180

180