Company Registration No. 08573637 (England and Wales)
MAXWELLIA LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
MAXWELLIA LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
MAXWELLIA LIMITED
Company Registration No. 08573637
ABBREVIATED BALANCE SHEET
AS AT 30 June 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
16,806
-
Tangible assets
2
197
296
17,003
296
Current assets
Debtors
11,733
6,040
Cash at bank and in hand
14,269
38,743
26,002
44,783
Creditors: amounts falling due within one year
(70,439)
(5,512)
Net current liabilities/(assets)
(44,437)
39,271
Total assets less current liabilities
(27,434)
39,567
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
(28,434)
38,567
Shareholder's funds
(27,434)
39,567
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 8 March 2017
A H Maxwell
Director
MAXWELLIA LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Going concern
The company has made a loss of £67,001 and has net liabilities of £27,434. Included in creditors are amounts due to the director, A H Maxwell, of £58. The director has confirmed that they will continue to support the company for the foreseeable future and is confident about the company's ability to trade as a going concern and meet its financial obligations. Therefore the accounts have been prepared on the going concern basis.
1.3
Turnover
Turnover represents amounts receivable for consultancy services supplied during the year, exclusive of VAT and trade discounts. The proportion of invoiced services that relate to later periods are carried forward as deferred income within creditors.consultancy services supplied during the year, exclusive of VAT and trade discounts.
The proportion of invoiced services that relate to later periods are carried forward as deferred income within creditors.
1.4
Liciences
Liciences are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives. are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
25% straight line
MAXWELLIA LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 July 2015
-
395
395
Additions
18,673
-
18,673
At 30 June 2016
18,673
395
19,068
Depreciation
At 1 July 2015
-
99
99
Charge for the year
1,867
99
1,966
At 30 June 2016
1,867
198
2,065
Net book value
At 30 June 2016
16,806
197
17,003
At 30 June 2015
-
296
296
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
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