Moling Services South East Limited - Abbreviated accounts 16.3

MOLING SERVICES SOUTH EAST LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTOR:

P C White

SECRETARY:

Mrs J P White

REGISTERED OFFICE:

Delandale House

37 Old Dover Road

Canterbury

Kent

CT1 3JF

REGISTERED NUMBER:

07454560 (England and Wales)

ACCOUNTANTS:

Wilkins Kennedy LLP

Delandale House

37 Old Dover Road

Canterbury

Kent

CT1 3JF

FIXED ASSETS

Tangible assets

2

14,125

9,909

CURRENT ASSETS

Debtors

9,134

16,787

Cash at bank and in hand

83,855

72,422

92,989

89,209

CREDITORS

Amounts falling due within one year

57,590

45,057

NET CURRENT ASSETS

35,399

44,152

TOTAL ASSETS LESS CURRENT
LIABILITIES

49,524

54,061

CAPITAL AND RESERVES

Called up share capital

3

10

Profit and loss account

49,514

54,051

SHAREHOLDERS' FUNDS

49,524

54,061

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 12 August 2016 and were signed by:

P C White - 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

The turnover shown in the profit and loss account represents the value of work done in the year, including

estimates of amounts not yet invoiced and 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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Provision is made in full for all taxation deferred in respect of timing differences that have originated but not

reversed by the balance sheet date except for timing differences arising on revaluations of fixed assets which are

not intended to be sold and gains on disposals of fixed assets which will be rolled over into replacement assets.

No provision is made for taxation on permanent differences. Deferred tax assets are recognised to the extent that

it is more likely than not that they will be recovered. Deferred tax is measured using the rate of tax that is

expected to apply in the periods in which the timing differences are expected to reverse.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the

balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where

material, provisions are calculated on a discounted basis.

Financial instruments

Financial instruments are classified, and accounted for, according to the substance of the contractual

arrangement, as 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

23,112

Additions

9,083

At 31 May 2016

32,195

DEPRECIATION

At 1 June 2015

13,203

Charge for year

4,867

At 31 May 2016

18,070

NET BOOK VALUE

At 31 May 2016

14,125

At 31 May 2015

9,909

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2016

2015

value:

£

10

Share capital

£1

10