TheMAC Limited,Ltd - AccountsLtd - Accounts

TheMAC Limited,Ltd - AccountsLtd - Accounts

PFG INVESTMENTS LTD - Company Information

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2016-01-01 05951701 2016-12-31 05951701 2016-01-01 2016-12-31 05951701 2015-12-31 05951701 2015-01-01 2015-12-31 05951701 uk-core:WithinOneYear 2015-12-31 05951701 uk-core:WithinOneYear 2016-12-31 05951701 uk-core:ShareCapital 2016-12-31 05951701 uk-core:ShareCapital 2015-12-31 05951701 uk-core:RetainedEarningsAccumulatedLosses 2016-12-31 05951701 uk-core:RetainedEarningsAccumulatedLosses 2015-12-31 05951701 uk-bus:Director1 2016-01-01 2016-12-31 05951701 uk-core:ComputerEquipment 2016-01-01 2016-12-31 iso4217:GBP 05951701 uk-bus:AuditExemptWithAccountantsReport 2016-01-01 2016-12-31 05951701 uk-bus:FRS102 2016-01-01 2016-12-31 05951701 uk-bus:FullAccounts 2016-01-01 2016-12-31 05951701 uk-bus:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31
TheMAC Limited
Registered Number:05951701
For the year ended 31 December 2016
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2016
TheMAC Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 31 December 2016
TheMAC Limited
Statement of Financial Position
Registered Number :
05951701
£
£
2015
2016
Notes
Fixed assets
Property, plant and equipment
2,587
3,450
2
2,587
3,450
Current assets
Trade and other receivables
1,020
217
3
3,103
Cash and cash equivalents
2,253
2,470
4,123
Trade and other payables: amounts falling due
within one year
(2,341)
(1,598)
4
1,782
872
Net current assets
Total assets less current liabilities
3,459
5,232
3,459
Net assets
5,232
Capital and reserves
Called up share capital
100
100
Retained earnings
3,359
5,132
3,459
5,232
Shareholders' funds
For the year ended 31 December 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
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4
For the year ended 31 December 2016
TheMAC Limited
Statement of Financial Position Continued
Angela Goody Director
These financial statements were approved and authorised for issue by the Board on 29 June 2017 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 December 2016
TheMAC Limited
Notes to the Financial Statements
Statutory Information
TheMAC Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 05951701.
Registered address:
Independent House
18-20 Thorpe Road
Norwich
NR1 1RY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1A 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 costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer Equipment
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6
For the year ended 31 December 2016
TheMAC Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Computer
Equipment
£
Cost or
valuation
At 01 January 2016
6,779
At 31 December 2016
6,779
Provision for depreciation and impairm
ent
At 01 January 2016
3,329
Charge for year
863
At 31 December 2016
4,192
At 31 December 2016
Net book value
2,587
At 31 December 2015
3,450
3. Trade and other receivables
2015
2016
£
£
Other debtors
217
1,020
4. Trade and other payables: amounts falling due within one year
2015
2016
£
£
Taxation and social security
-
972
Other creditors
1,598
1,369
1,598
2,341
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