Abbreviated Company Accounts - M & I FINANCIAL CONSULTANTS LTD

Abbreviated Company Accounts - M & I FINANCIAL CONSULTANTS LTD

M & I FINANCIAL CONSULTANTS LTD - Company Information

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Registered Number 08735826

M & I FINANCIAL CONSULTANTS LTD

Abbreviated Accounts

31 October 2016

M & I FINANCIAL CONSULTANTS LTD Registered Number 08735826

Abbreviated Balance Sheet as at 31 October 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 778 1,021
778 1,021
Current assets
Cash at bank and in hand 50,498 20,840
50,498 20,840
Creditors: amounts falling due within one year (49,575) (12,174)
Net current assets (liabilities) 923 8,666
Total assets less current liabilities 1,701 9,687
Total net assets (liabilities) 1,701 9,687
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,601 9,587
Shareholders' funds 1,701 9,687
  • 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 directors acknowledge their 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 Board on 31 January 2017

And signed on their behalf by:
L Sanderson, Director

M & I FINANCIAL CONSULTANTS LTD Registered Number 08735826

Notes to the Abbreviated Accounts for the period ended 31 October 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 1/3 of cost per year

2Tangible fixed assets
£
Cost
At 1 November 2015 1,968
Additions 615
Disposals -
Revaluations -
Transfers -
At 31 October 2016 2,583
Depreciation
At 1 November 2015 947
Charge for the year 858
On disposals -
At 31 October 2016 1,805
Net book values
At 31 October 2016 778
At 31 October 2015 1,021