MRDALEKJD Ltd - Period Ending 2016-10-31

MRDALEKJD Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2016
 

Registration number: 08736957

MRDALEKJD Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

MRDALEKJD Ltd (Registration number: 08736957)
Abbreviated Balance Sheet
at 31 October 2016

		Note			2016						2015
	£			£			£			£
Fixed assets
Intangible fixed assets								2,500						5,000
Tangible fixed assets								4,415						2,880
								6,915						7,880
Current assets
Cash at bank and in hand					272,580						117,108
Creditors: Amounts falling due within one year					(103,486)						(63,402)
Net current assets								169,094						53,706
Net assets								176,009						61,586
Capital and reserves
Called up share capital		3			1						1
Profit and loss account					176,008						61,585
Shareholders' funds								176,009						61,586

For the year ending 31 October 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 director acknowledges his 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 director on 5 April 2017

.........................................
Jonathan Hutchinson
Director

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

MRDALEKJD Ltd
Notes to the Abbreviated Accounts
for the Year Ended 31 October 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 in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

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

Asset class	Amortisation method and rate
Goodwill	25% per year

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	20% Straight Line

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

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.

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MRDALEKJD Ltd
Notes to the Abbreviated Accounts
for the Year Ended 31 October 2016......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 November 2015		10,000			3,998			13,998
Additions		-			2,918			2,918
At 31 October 2016		10,000			6,916			16,916
Depreciation
At 1 November 2015		5,000			1,118			6,118
Charge for the year		2,500			1,383			3,883
At 31 October 2016		7,500			2,501			10,001
Net book value
At 31 October 2016		2,500			4,415			6,915
At 31 October 2015		5,000			2,880			7,880

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Share Capital of £1 each		1			1			1			1

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