MBO Management Services Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 08200149 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

MBO Management Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Scarfe

REGISTERED OFFICE:

Yoden House

30 Yoden Way

Peterlee

Co. Durham

SR8 1AL

REGISTERED NUMBER:

08200149 (England and Wales)

ACCOUNTANTS:

Christopher Bailey

Yoden House

30 Yoden Way

Peterlee

Co. Durham

SR8 1AL

CURRENT ASSETS

Debtors

4

179,250

129,004

CREDITORS

Amounts falling due within one year

5

(175,623

)

(127,324

)

NET CURRENT ASSETS

3,627

1,680

TOTAL ASSETS LESS CURRENT LIABILITIES

3,627

1,680

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

3,625

1,678

SHAREHOLDERS' FUNDS

3,627

1,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 7 July 2017 and were signed by:

S Scarfe - Director

1.	STATUTORY INFORMATION

MBO Management Services Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Other debtors

179,250

129,004

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Taxation and social security

19,657

9,670

Other creditors

155,966

117,654

175,623

127,324

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2016 and

31 December 2015:

31.12.16

31.12.15

£

£

C O'Neill

Balance outstanding at start of year

(58,467

)

(39,311

)

Amounts repaid

(19,156

)

(19,156

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(77,623

)

(58,467

)

S Scarfe

Balance outstanding at start of year

(58,467

)

(39,311

)

Amounts repaid

(19,156

)

(19,156

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(77,623

)

(58,467

)

7.	RELATED PARTY DISCLOSURES

At the balance sheet date £179,250 (2015: £129,004) was owed to the company from McNeil Beechey O'Neill,

an LLP in which the directors are partners. The amount outstanding relates to the profit share due from the

partnership.