M. A. Worthington Associates Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 03117297 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2016

for

M. A. Worthington Associates Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr M A Worthington

SECRETARY:

REGISTERED OFFICE:

9 Rosset Close

Kingsmead

Northwich

Cheshire

CW9 8WP

REGISTERED NUMBER:

03117297 (England and Wales)

ACCOUNTANTS:

Buxton Accounting LLP

Chartered Accountants

98 Middlewich Road

Northwich

Cheshire

CW9 7DA

FIXED ASSETS

Tangible assets

2

13,622

16,560

CURRENT ASSETS

Debtors

3

10,100

10,414

Cash at bank

13,117

11,366

23,217

21,780

CREDITORS

Amounts falling due within one year

101,464

102,471

NET CURRENT LIABILITIES

(78,247

)

(80,691

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(64,625

)

(64,131

)

CREDITORS

Amounts falling due after more than one
year

-

1,677

NET LIABILITIES

(64,625

)

(65,808

)

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

(64,627

)

(65,810

)

SHAREHOLDERS' FUNDS

(64,625

)

(65,808

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 26 January 2017 and were signed by:

Mr M A Worthington - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis which assumes that the company

will continue to trade. The validity of the assumption is dependent on the continuing support of the

company's director.

Accordingly, no adjustments have been made to the valuation basis of assets and liabilities. An

alternative basis of valuation may have been required had the going concern assumption been found to

be inappropriate, or the director's support withdrawn.

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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover represents net invoiced sales of goods, 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 machinery

-

25% on reducing balance

Motor vehicles

-

25% on cost

Computer 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

Total

£

COST

At 1 November 2015

29,123

Additions

3,042

At 31 October 2016

32,165

DEPRECIATION

At 1 November 2015

12,563

Charge for year

5,980

At 31 October 2016

18,543

NET BOOK VALUE

At 31 October 2016

13,622

At 31 October 2015

16,560

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 9,000 (2015 - £ 9,000 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company owes Mr M A Worthington, a director, £97,692 (2015: £96,622) at the year end.

6.	ULTIMATE CONTROLLING PARTY

Mr Worthington, a director and 100% shareholder, is the ultimate controlling party of the company.