Mayfield Financial Services Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 03078752 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2016

for

Mayfield Financial Services Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J W Watts

T Bolt

SECRETARY:

J W Watts

REGISTERED OFFICE:

Maybrook House

York Street

Dover

Kent

CT17 9AH

REGISTERED NUMBER:

03078752 (England and Wales)

ACCOUNTANTS:

Beverton & Co.

Chartered Accountants

Maybrook House

York Street

Dover

Kent

CT17 9AH

FIXED ASSETS

Tangible assets

2

18,299

19,380

CURRENT ASSETS

Debtors

31,042

35,169

Investments

80,000

-

Cash at bank and in hand

92,316

126,701

203,358

161,870

CREDITORS

Amounts falling due within one year

35,218

32,965

NET CURRENT ASSETS

168,140

128,905

TOTAL ASSETS LESS CURRENT
LIABILITIES

186,439

148,285

CREDITORS

Amounts falling due after more than one
year

25,000

40,000

NET ASSETS

161,439

108,285

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

161,339

108,185

SHAREHOLDERS' FUNDS

161,439

108,285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 4 January 2017 and were signed on its behalf by:

J W Watts - Director

T Bolt - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 commissions and fees receivable during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% on reducing balance

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

110,022

Additions

3,049

At 30 November 2016

113,071

DEPRECIATION

At 1 December 2015

90,642

Charge for year

4,130

At 30 November 2016

94,772

NET BOOK VALUE

At 30 November 2016

18,299

At 30 November 2015

19,380

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/11/16

30/11/15

value:

£

100

Ordinary

£1

100