MAXITECH_TURBOS_LIMITED - Accounts
MAXITECH_TURBOS_LIMITED - Accounts
Company Registration No. 03516247 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
LB GROUP
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(44,625 )
(126,415 )
Total assets less current liabilities
(5,617 )
(4,470 )
Capital and reserves
Called up share capital
2
Profit and loss account
(5,619 )
(4,472 )
Shareholders' funds
(5,617 )
(4,470 )
Director's responsibilities:
-
-
Approved by the Board for issue on 30 March 2017
Director
Company Registration No. 03516247
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
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
1.4
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.
1.5
Going concern
At the year end the company had net liabilities, however in the opinion of the directors the company will have sufficient working capital to meet all liabilities as they fall due. Consequently the financial statements have been prepared on a going concern basis.
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid