MJD Data Limited - Period Ending 2016-09-30

Registration number: 07782649

MJD Data Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2016
 

MJD Data Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

MJD Data Limited
(Registration number: 07782649)
Abbreviated Balance Sheet at 30 September 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			655			873
Current assets
Debtors					2,122			5,554
Cash at bank and in hand					8,787			6,908
					10,909			12,462
Creditors: Amounts falling due within one year					(10,679)			(12,419)
Net current assets					230			43
Total assets less current liabilities					885			916
Capital and reserves
Called up share capital		3			125			100
Profit and loss account					760			816
Shareholders' funds					885			916

For the year ending 30 September 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 15 March 2017 and signed on its behalf by:

.........................................
Mr M J Drew
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

MJD Data Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2015		1,253			1,253
At 30 September 2016		1,253			1,253
Depreciation
At 1 October 2015		380			380
Charge for the year		218			218
At 30 September 2016		598			598
Net book value
At 30 September 2016		655			655
At 30 September 2015		873			873

Page 2

MJD Data Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100
Ordinary A shares of £1 (2015 - £0.00) each		25			25			-			-
		125			125			100			100

New shares allotted

During the year 25 ordinary A shares having an aggregate nominal value of £25 were allotted for an aggregate consideration of £25.

4

Control

The company is controlled by the directors who have a beneficial interest in 100% of the called up share capital.

Page 3