Matthew Bacon Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05383188

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Matthew Bacon Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M Bacon

SECRETARY:

S Bacon

REGISTERED OFFICE:

59 Victoria Road

Surbiton

Surrey

KT6 4NQ

REGISTERED NUMBER:

05383188

ACCOUNTANTS:

Richard Morgan and Company

Chartered Accountants

59 Victoria Road

Surbiton

Surrey

KT6 4NQ

FIXED ASSETS

Tangible assets

2

29,654

26,470

CURRENT ASSETS

Debtors

13,417

15,174

Cash at bank

32,910

16,106

46,327

31,280

CREDITORS

Amounts falling due within one year

31,684

29,334

NET CURRENT ASSETS

14,643

1,946

TOTAL ASSETS LESS CURRENT
LIABILITIES

44,297

28,416

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

44,295

28,414

SHAREHOLDERS' FUNDS

44,297

28,416

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 19 December 2016 and were signed by:

M Bacon - 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 services, 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.

Plant and 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.	TANGIBLE FIXED ASSETS

Plant and

Equipment

£

COST

At 1 April 2015

55,771

Additions

13,069

At 31 March 2016

68,840

DEPRECIATION

At 1 April 2015

29,301

Charge for year

9,885

At 31 March 2016

39,186

NET BOOK VALUE

At 31 March 2016

29,654

At 31 March 2015

26,470

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

2

Ordinary

£1

2