THE_MATERNITY_COMPANY_LIM - Accounts
THE_MATERNITY_COMPANY_LIM - Accounts
Company Registration No. 04143103 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 AUGUST 2016
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE MATERNITY COMPANY LIMITED FOR THE PERIOD ENDED 28 AUGUST 2016
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.
In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of The Maternity Company Limited for the Period ended 28 August 2016, set out on pages 3 to 7 from the accounting records and information and explanations you have given to us.
This report is made solely to the Board of Directors of as a body, in accordance with the terms of our engagement letter.
It is your duty to ensure that The Maternity Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Maternity Company Limited. You consider that The Maternity Company Limited is exempt from the statutory audit requirement for the Period.
We have not been instructed to carry out an audit or a review of the financial statements of The Maternity Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Gerald Edelman
Chartered Accountants
ABBREVIATED BALANCE SHEET
AS AT
28 AUGUST 2016
- 2 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Stocks
-
Debtors
-
Cash at bank and in hand
Creditors: amounts falling due within one year
(54,242 )
(53,874 )
Net current liabilities
(53,523 )
(44,529 )
Total assets less current liabilities
(53,522 )
(44,391 )
Capital and reserves
Called up share capital
3
Profit and loss account
(53,622 )
(44,491 )
Shareholders' funds
(53,522 )
(44,391 )
Director's responsibilities:
-
-
Approved by the Board for issue on 21 March 2017
Director
Company Registration No. 04143103
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 28 AUGUST 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements have been prepared on a going concern basis as the director and shareholders have confirmed that they are willing to fund any deficit for the next 12 months.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts and share of joint venture income.
1.4
Tangible fixed assets and depreciation
Fixtures, fittings & equipment
1.5
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Fixed assets
Tangible assets
£
Cost
At 1 March 2015 & at 28 August 2016
7,449
Depreciation
At 1 March 2015
7,311
Charge for the period
137
At 28 August 2016
7,448
Net book value
At 28 August 2016
1
At 28 February 2015
138
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 28 AUGUST 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid