MDOJ Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07107778 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

MDOJ LTD

TRADING AS

TONI & GUY

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D J Brewer

A Hart

REGISTERED OFFICE:

30 New Road

Brighton

East Sussex

BN1 1BN

REGISTERED NUMBER:

07107778 (England and Wales)

ACCOUNTANTS:

Hilton Sharp & Clarke

30 New Road

Brighton

East Sussex

BN1 1BN

FIXED ASSETS

Tangible assets

2

243,013

269,425

CURRENT ASSETS

Stocks

26,074

36,391

Debtors

203,636

185,041

Cash at bank and in hand

4

34

229,714

221,466

CREDITORS

Amounts falling due within one year

3

680,095

682,847

NET CURRENT LIABILITIES

(450,381

)

(461,381

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(207,368

)

(191,956

)

CREDITORS

Amounts falling due after more than one year

3

26,667

65,022

NET LIABILITIES

(234,035

)

(256,978

)

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

(234,036

)

(256,979

)

SHAREHOLDERS' FUNDS

(234,035

)

(256,978

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 31 January 2017 and were signed on its behalf by:

D J Brewer - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis due to the pledged continued support of the

franchisor.

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

Turnover represents net invoiced sales of services, 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.

Improvements to property

-

over the term of the lease

Fixtures, fittings and equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to the profit and loss account in the period to which they relate.

Franchise costs

Franchise costs are being amortised evenly over their useful life of 5 years.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

334,311

Additions

641

At 31 March 2016

334,952

DEPRECIATION

At 1 April 2015

64,886

Charge for year

27,053

At 31 March 2016

91,939

NET BOOK VALUE

At 31 March 2016

243,013

At 31 March 2015

269,425

3.

CREDITORS

Creditors include an amount of £ 69,022 (2015 - £ 115,826 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1

Ordinary

£1

1

1

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and 31 March 2015:

2016

2015

£

£

D J Brewer

Balance outstanding at start of year

90,923

-

Amounts advanced

28,937

90,923

Amounts repaid

-

-

Balance outstanding at end of year

119,860

90,923