Abbreviated Company Accounts - M CANAVAN ASSOCIATES LIMITED

Abbreviated Company Accounts - M CANAVAN ASSOCIATES LIMITED

M CANAVAN ASSOCIATES LIMITED - Company Information

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Registered Number 04724632

M CANAVAN ASSOCIATES LIMITED

Abbreviated Accounts

31 May 2016

M CANAVAN ASSOCIATES LIMITED Registered Number 04724632

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 3,910 5,214
3,910 5,214
Current assets
Debtors 4,090 3,341
Cash at bank and in hand 6,651 5,736
10,741 9,077
Creditors: amounts falling due within one year (14,410) (13,317)
Net current assets (liabilities) (3,669) (4,240)
Total assets less current liabilities 241 974
Total net assets (liabilities) 241 974
Capital and reserves
Called up share capital 1 1
Profit and loss account 240 973
Shareholders' funds 241 974
  • For the year ending 31 May 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 February 2017

And signed on their behalf by:
Miles Canavan, Director

M CANAVAN ASSOCIATES LIMITED Registered Number 04724632

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of services less an adjustment for the relevant flat rate Value Added Tax (VAT).

Tangible assets depreciation policy
Depreciation of tangible fixed assets is provided at the following annual rates in order to write off each asset over its estimated useful economic life:
Motor Cars 25% pa on a reducing balance basis

2Tangible fixed assets
£
Cost
At 1 June 2015 9,270
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 9,270
Depreciation
At 1 June 2015 4,056
Charge for the year 1,304
On disposals -
At 31 May 2016 5,360
Net book values
At 31 May 2016 3,910
At 31 May 2015 5,214