MAC Compliance Consultants Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04027189 (England and Wales)

MAC COMPLIANCE CONSULTANTS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M.A. Clitherow

SECRETARY:

L. Bannister

REGISTERED OFFICE:

21 Lodge Lane

Grays

Essex

RM17 5RY

REGISTERED NUMBER:

04027189 (England and Wales)

ACCOUNTANTS:

Bland Baker

Chartered Accountants

21 Lodge Lane

Grays

Essex

RM17 5RY

FIXED ASSETS

Tangible assets

2

5,297

3,456

CURRENT ASSETS

Debtors

11,088

10,369

Cash at bank

56,044

56,265

67,132

66,634

CREDITORS

Amounts falling due within one year

38,455

26,867

NET CURRENT ASSETS

28,677

39,767

TOTAL ASSETS LESS CURRENT LIABILITIES

33,974

43,223

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

33,973

43,222

SHAREHOLDERS' FUNDS

33,974

43,223

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2014 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 30 October 2014 and were signed by:

M.A. Clitherow - 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 April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture and equipment

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Deferred tax

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

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2013

10,949

Additions

3,295

At 31 January 2014

14,244

DEPRECIATION

At 1 February 2013

7,493

Charge for year

1,454

At 31 January 2014

8,947

NET BOOK VALUE

At 31 January 2014

5,297

At 31 January 2013

3,456

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2014

and 31 January 2013:

2014

2013

£

£

M.A. Clitherow

Balance outstanding at start of year

(116

)

4,916

Amounts advanced

2,694

3,968

Amounts repaid

(3,000

)

(9,000

)

Balance outstanding at end of year

(422

)

(116

)