Maunder Taylor Services Limited - Accounts to registrar - small 17.2
Maunder Taylor Services Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2017 |
| for |
| Maunder Taylor Services Limited |
| Maunder Taylor Services Limited (Registered number: 07779405) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Maunder Taylor Services Limited |
| Company Information |
| for the Year Ended 31 March 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1st Floor, Bridge House |
| 25 Fiddlebridge Lane |
| Hatfield |
| Hertfordshire |
| AL10 0SP |
| Maunder Taylor Services Limited (Registered number: 07779405) |
| Balance Sheet |
| 31 March 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on behalf by: |
| Maunder Taylor Services Limited (Registered number: 07779405) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2017 |
| 1. | STATUTORY INFORMATION |
| Maunder Taylor Services Limited is a |
| 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 |
| This is the first year in which the financial statements have been prepared under FRS102. The |
| company has evaluated the impact of the new accounting standard and determined that its application |
| would not result in a material adjustment to the results reported previously; consequently, the results |
| reported previously have not been restated. |
| The functional currency of the company is sterling. |
| Revenue recognition |
| Turnover represents fees receivable for the provision of staff, excluding value added tax. Turnover is |
| recognised as staff are supplied at the amount receivable for that supply. |
| Taxation |
| The income tax expense is the aggregate of tax currently payable and deferred tax. |
| The tax currently payable is based on the taxable profits of the year. Taxable profits differ from the |
| profits reported in the statement of comprehensive income because of (a) items of income or expense |
| that are taxable or deductible in other years and (b) items that are never taxable or deductible. The |
| company's liability for current tax is calculated using tax rates that have been enacted or substantively |
| enacted by the end of the reporting period. |
| Deferred tax is recognised on timing differences that have originated but not reversed by the balance |
| sheet date. Typically, timing differences arise when tax relief is claimed in one period but the related |
| expenditure is charged to profit in another period. Deferred tax assets and liabilities are recorded at |
| the tax rates that are expected to apply in the period in which the liability is settled, based on tax rates |
| (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. |
| 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. |
| Employee benefits |
| Short-term employee benefits are recognised as expenses in the period in which they are incurred. |
| Obligations for contributions to defined contribution schemes are recognised as expenses in the period |
| in which they are incurred. The assets of these schemes are held separately from those of the |
| company in independently administered funds. |
| Maunder Taylor Services Limited (Registered number: 07779405) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Measurement of financial instruments |
| Trade and other debtors |
| Trade and other debtors are recognised initially at the transaction value and thereafter at transaction |
| value less provisions for bad and doubtful debts. If the effect of discounting is material, the debtor is |
| stated at its amortised value using the effective interest method, less provisions for bad and doubtful |
| debts. |
| Trade and other creditors |
| Trade and other creditors are recognised initially at the transaction value unless the effect of |
| discounting is material, in which case they are stated at their amortised value using the effective |
| interest method. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 6. | PENSION COMMITMENTS |
| The pension charge of £5,736 (2016: £42,280) represents contributions payable for the year by the |
| company for its employees to defined contribution pension schemes. At the balance sheet date the |
| company owed pension contributions of £95 (2016: £98). |
| 7. | RELATED PARTY DISCLOSURES |
| The company is controlled by its directors. |
| During the year: |
| - £1,386,000 (2016: £1,343,000) was charged by the company for supplying staff to a firm of chartered |
| surveyors in which the directors have an interest; at the balance sheet date, the company was owed |
| £324,013 (2016: £308,039) by that firm; and |
| - dividends of £96,000 (2016: £101,100) were paid to members of the directors' families; at the |
| balance sheet date these family members were owed £16,173 (2016: £10,262). |
| The above debts are interest-free, unsecured and are payable on demand. |