Abbreviated Company Accounts - HAFOD MANAGEMENT SERVICES COMPANY LIMITED

HAFOD MANAGEMENT SERVICES COMPANY LIMITED - Company Information

Registered Number 04547764

HAFOD MANAGEMENT SERVICES COMPANY LIMITED

Abbreviated Accounts

31 March 2016

HAFOD MANAGEMENT SERVICES COMPANY LIMITED Registered Number 04547764

Abbreviated Balance Sheet as at 31 March 2016

	2016	2015
	£	£
Current assets
Debtors	1,326	449
	1,326	449
Creditors: amounts falling due within one year	(300)	(89)
Net current assets (liabilities)	1,026	360
Total assets less current liabilities	1,026	360
Total net assets (liabilities)	1,026	360
Capital and reserves
Called up share capital	2	2
Profit and loss account	1,024	358
Shareholders' funds	1,026	360

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 directors acknowledge their 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 Board on 20 December 2016

And signed on their behalf by:
John Sutton, Director
Martyn Quayle, Director

HAFOD MANAGEMENT SERVICES COMPANY LIMITED Registered Number 04547764

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Income consists of rental income from properties owned, service charge and insurance income. Income is accounted for on a receivable basis complying with the accruals concept and excluding VAT.

Other accounting policies
EXPENSES
Expenses are recognised on an accruals basis.

GOING CONCERN
The directors have considered the financial position of the company and believe it is well place to meet its liabilities as they fall due. The directors remain confident that the company, via group company loans, has adequate resources to continue in operational existence for the foreseeable future and consequently they have continued to adopt the going concern basis for preparing the financial statements.