MAC Compliance Consultants Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04027189 (England and Wales)

MAC COMPLIANCE CONSULTANTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M.A. Clitherow

REGISTERED OFFICE:

21 Lodge Lane

Grays

Essex

RM17 5RY

REGISTERED NUMBER:

04027189 (England and Wales)

ACCOUNTANTS:

Bland Baker

Chartered Accountants

21 Lodge Lane

Grays

Essex

RM17 5RY

FIXED ASSETS

Tangible assets

4

3,937

5,551

CURRENT ASSETS

Debtors

5

14,359

12,960

Cash at bank

2,936

12,567

17,295

25,527

CREDITORS

Amounts falling due within one year

6

13,031

26,365

NET CURRENT ASSETS/(LIABILITIES)

4,264

(838

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,201

4,713

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

8,200

4,712

SHAREHOLDERS' FUNDS

8,201

4,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 30 October 2017 and were signed by:

M.A. Clitherow - Director

1.	STATUTORY INFORMATION

MAC Compliance Consultants 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Furniture and equipment

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

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 have been

enacted or substantively enacted by the statement of financial position date.

Deferred tax

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

the statement of financial position 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 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2016

and 31 January 2017

18,581

DEPRECIATION

At 1 February 2016

13,030

Charge for year

1,614

At 31 January 2017

14,644

NET BOOK VALUE

At 31 January 2017

3,937

At 31 January 2016

5,551

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

12,960

Other debtors

14,359

-

14,359

12,960

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

60

Taxation and social security

9,200

21,358

Other creditors

3,831

4,947

13,031

26,365

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £31,500 (2016 - £85,865) were paid to the director .

Controlling party

The company is controlled by the director who owns all of the shares in issue.

Balances with related party

The following loan subsisted with the director at the 31 January 2017 and 31 January 2016:

2017

2016

£

£

Due to the director at start of year

(851

)

(843

)

Due to the company at end of year

11,144

(851

)

The balance represents an unsecured, interest free loan, repayable on demand