Abbreviated Company Accounts - MAC ENTERPRISE LIMITED

MAC ENTERPRISE LIMITED - Company Information

05761109 MAC ENTERPRISE LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 05761109 2015-04-01 2016-03-31 05761109 2016-03-31 05761109 2015-03-31 05761109 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 05761109 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2016-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 05761109

MAC ENTERPRISE LIMITED

Abbreviated Accounts

31 March 2016

MAC ENTERPRISE LIMITED Registered Number 05761109

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Current assets
Debtors		22,301	26,513
Cash at bank and in hand		60	1
		22,361	26,514
Creditors: amounts falling due within one year		(21,713)	(26,214)
Net current assets (liabilities)		648	300
Total assets less current liabilities		648	300
Total net assets (liabilities)		648	300
Capital and reserves
Called up share capital	2	2	2
Profit and loss account		646	298
Shareholders' funds		648	300

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 27 December 2016

And signed on their behalf by:
J Shevlin, Director

MAC ENTERPRISE LIMITED Registered Number 05761109

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

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Other accounting policies
Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment - 33% straight line basis

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2

3Transactions with directors

Name of director receiving advance or credit:	J Shevlin
Description of the transaction:	Loan
Balance at 1 April 2015:	£ 25,361
Advances or credits made:	£ 38,626
Advances or credits repaid:	£ 43,189
Balance at 31 March 2016:	£ 20,798