Accounts filed on 30-04-2016

trueMDMKJB Limited088092302016-04-3038604861001001004861002440730100-489-187224491027181524442126994322166723436222754355811219197212191972Basis of accounting 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 is recognised consistently with the right to receive consideration in exchange for the performance of supplying litigation services. 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. Deferred taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions: reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. Fixed Assets All fixed assets are initially recorded at cost. Financial Instruments Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Fixtures & Fittingsreducing balance0.2500Equipmentreducing balance0.500033213321210213497533321332121021349753Ordinary1001100100Ordinary1100100100At the year end M D Muldoon owed the company £19,245 (2015: £33,756). At the year end K J Britton owed the company £941 (2015: £NIL). The directors' loan accounts are interest free with no fixed date for repayment. At the year end, M D Muldoon has accrued consultancy fees of £NIL (2015: £53,000). A personal guarantee of £100,000 (2015: £NIL) has been given by the directors to Fee Solutions Limited.Control Throughout the year the company was under the joint control of M D Muldoon and K J Britton by virtue of their 50% shareholdings, each.2017-01-31M D MuldoonK J BrittonDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureMDMKJB Limited2015-05-012016-04-30MDMKJB Limited2013-12-102015-04-30MDMKJB Limited2013-12-09MDMKJB Limited2015-04-30MDMKJB Limited2015-04-30MDMKJB Limited2016-04-30 2017-01-31