Macktech Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03770028 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

Macktech Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Marios Papantoniou

REGISTERED OFFICE:

1 Kings Avenue

Winchmore Hill

London

N21 3NA

REGISTERED NUMBER:

03770028 (England and Wales)

FIXED ASSETS

Tangible assets

2

2,750,000

CURRENT ASSETS

Debtors

3

1,811

2,050,313

Cash at bank

296

9,525

2,107

2,059,838

CREDITORS

Amounts falling due within one year

1,596

2,721

NET CURRENT ASSETS

511

2,057,117

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,750,511

4,807,117

CREDITORS

Amounts falling due after more than one
year

2,729,324

4,779,066

NET ASSETS

21,187

28,051

CAPITAL AND RESERVES

Called up share capital

4

Profit and loss account

21,183

28,047

SHAREHOLDERS' FUNDS

21,187

28,051

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 28 February 2017 and were signed by:

Marios Papantoniou - 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 services, excluding value added tax.

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into Euro at the rate of exchange ruling at the date

of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

€

COST

At 1 June 2015

and 31 May 2016

2,750,000

NET BOOK VALUE

At 31 May 2016

2,750,000

At 31 May 2015

2,750,000

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is € 412 (31.5.15 - € 2,048,914 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

€

3

Ordinary

£1

4