Abbreviated Company Accounts - MK ACCOUNTANCY & TAXATION SERVICES LIMITED

MK ACCOUNTANCY & TAXATION SERVICES LIMITED - Company Information

Registered Number 04524884

MK ACCOUNTANCY & TAXATION SERVICES LIMITED

Abbreviated Accounts

30 April 2016

MK ACCOUNTANCY & TAXATION SERVICES LIMITED Registered Number 04524884

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	3,520	4,694
Tangible assets	3	985	1,015
		4,505	5,709
Current assets
Stocks		2,896	4,318
Debtors		44,655	36,654
Cash at bank and in hand		43,496	64,822
		91,047	105,794
Creditors: amounts falling due within one year		(33,680)	(32,420)
Net current assets (liabilities)		57,367	73,374
Total assets less current liabilities		61,872	79,083
Provisions for liabilities		(197)	(480)
Total net assets (liabilities)		61,675	78,603
Capital and reserves
Called up share capital		1	1
Profit and loss account		61,674	78,602
Shareholders' funds		61,675	78,603

For the year ending 30 April 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 8 January 2017

And signed on their behalf by:
Mr K Yates, Director

MK ACCOUNTANCY & TAXATION SERVICES LIMITED Registered Number 04524884

Notes to the Abbreviated Accounts for the period ended 30 April 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
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
25% Reducing Balance

Intangible assets amortisation policy
Written off in equal instalments over its estimated useful economic life of 15 years.

2Intangible fixed assets

	£
Cost
At 1 May 2015	17,600
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	17,600
Amortisation
At 1 May 2015	12,906
Charge for the year	1,174
On disposals	-
At 30 April 2016	14,080
Net book values
At 30 April 2016	3,520
At 30 April 2015	4,694

3Tangible fixed assets

	£
Cost
At 1 May 2015	13,209
Additions	299
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	13,508
Depreciation
At 1 May 2015	12,194
Charge for the year	329
On disposals	-
At 30 April 2016	12,523
Net book values
At 30 April 2016	985
At 30 April 2015	1,015