Maracaibo Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07155285 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

MARACAIBO LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G Thom

Mrs L Thom

REGISTERED OFFICE:

25 Woodgate Way

Belbroughton

Worcestershire

DY9 9TL

REGISTERED NUMBER:

07155285 (England and Wales)

ACCOUNTANTS:

Bowker, Stevens & Co

Suite No. 2, Centre Court

Vine Lane

Halesowen

West Midlands

B63 3EB

FIXED ASSETS

Tangible assets

2

17,321

22,901

CURRENT ASSETS

Debtors

29,450

34,568

Cash at bank

4,348

-

33,798

34,568

CREDITORS

Amounts falling due within one year

32,496

34,507

NET CURRENT ASSETS

1,302

61

TOTAL ASSETS LESS CURRENT
LIABILITIES

18,623

22,962

CREDITORS

Amounts falling due after more than one
year

(10,308

)

(15,808

)

PROVISIONS FOR LIABILITIES

(3,464

)

(4,580

)

NET ASSETS

4,851

2,574

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

4,751

2,474

SHAREHOLDERS' FUNDS

4,851

2,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 30 January 2017 and were signed on its behalf by:

G Thom - 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

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is provided using the liability method in respect of all timing differences that have originated but

not reversed at the balance sheet date. Deferred tax assets are recognised where it is considered more likely than

not that future profits will be available for offset. The company has not adopted a policy of discounting deferred

tax assets and liabilities.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

33,674

DEPRECIATION

At 1 May 2015

10,773

Charge for year

5,580

At 30 April 2016

16,353

NET BOOK VALUE

At 30 April 2016

17,321

At 30 April 2015

22,901

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

100

Ordinary

£1

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2016 and

30 April 2015:

30.4.16

30.4.15

£

G Thom and Mrs L Thom

Balance outstanding at start of year

-

5,792

Amounts advanced

3,049

-

Amounts repaid

-

(5,792

)

Balance outstanding at end of year

3,049

-