Mark Barratt Consultancy Limited - Period Ending 2016-03-31

Registration number: 07832497

Mark Barratt Consultancy Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Mark Barratt Consultancy Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Mark Barratt Consultancy Limited
(Registration number: 07832497)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			1,250			-
Current assets
Debtors					22,165			10,383
Cash at bank and in hand					8,072			69
					30,237			10,452
Creditors: Amounts falling due within one year					(20,093)			(10,585)
Net current assets/(liabilities)					10,144			(133)
Total assets less current liabilities					11,394			(133)
Provisions for liabilities					(250)			-
Net assets/(liabilities)					11,144			(133)
Capital and reserves
Called up share capital		3			20			1
Profit and loss account					11,124			(134)
Shareholders' funds/(deficit)					11,144			(133)

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the director on 20 December 2016

.........................................
M S Barratt
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Mark Barratt Consultancy Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 the total invoice value, excluding value added tax, of sales made during the year. Income is recognised based on the date goods are despatched and the level of completion of services.

Depreciation

Tangible fixed assets are initially recorded at cost. Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	20% straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		1,563			1,563
At 31 March 2016		1,563			1,563
Depreciation
Charge for the year		313			313
At 31 March 2016		313			313
Net book value
At 31 March 2016		1,250			1,250

Page 2

Mark Barratt Consultancy Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		10			10			1			1
Ordinary A shares of £1 (2015 - £0.00) each		5			5			-			-
Ordinary B shares of £1 (2015 - £0.00) each		5			5			-			-
		20			20			1			1

New shares allotted

During the year 9 Ordinary shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1.

During the year 5 Ordinary A shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1.

During the year 5 Ordinary B shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1.

4	Related party transactions

Director's advances and credits

	2016 £		2015 £
M S Barratt
Balance bought forward	3,206		1,709
Dividends voted	-		20,000
Drawings	(96,802)		(33,148)
Capital introduced	74,565		14,645
Balance carried forward	(19,031)		3,206

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