Metafraction Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09101228 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016

FOR

METAFRACTION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Dr N S Felgate

REGISTERED OFFICE:

27 Homestead Road

Chelsfield

Orpington

Kent

BR6 6HN

REGISTERED NUMBER:

09101228 (England and Wales)

FIXED ASSETS

Tangible assets

2

817

1,203

CURRENT ASSETS

Debtors

1,264

2,351

Cash at bank

11,339

4,421

12,603

6,772

CREDITORS

Amounts falling due within one year

71,507

42,065

NET CURRENT LIABILITIES

(58,904

)

(35,293

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(58,087

)

(34,090

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(58,187

)

(34,190

)

SHAREHOLDERS' FUNDS

(58,087

)

(34,090

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 30 March 2017 and were signed by:

Dr N S Felgate - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on a going concern basis and subject to funding by the shareholders to meet

the company's liabilities as and when they fall due.

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.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Deferred tax

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

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

1,755

Additions

298

At 30 June 2016

2,053

DEPRECIATION

At 1 July 2015

552

Charge for year

684

At 30 June 2016

1,236

NET BOOK VALUE

At 30 June 2016

817

At 30 June 2015

1,203

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100