Company Registration No. 8525527 (England and Wales)
MAKE TIME COUNT LTD
Unaudited accounts
for the year ended 31 May 2017
MAKE TIME COUNT LTD
Unaudited accounts
Contents
MAKE TIME COUNT LTD
Company Information
for the year ended 31 May 2017
Director
Magdalena Bak-Maier
Company Number
8525527 (England and Wales)
Registered Office
145-157 ST JOHN STREET
LONDON
EC1V 4PW
Accountants
Taxcorrect Accountants Ltd
138-140 Southwark Street
London
SE1 0SW
MAKE TIME COUNT LTD
Statement of financial position
as at 31 May 2017
Tangible assets
1,107
1,829
Cash at bank and in hand
81,295
16,569
Creditors: amounts falling due within one year
(21,195)
(12,222)
Net current assets
60,100
4,347
Called up share capital
1
1
Profit and loss account
61,206
6,175
Shareholders' funds
61,207
6,176
For the year ending 31 May 2017 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 28 February 2018.
Magdalena Bak-Maier
Director
Company Registration No. 8525527
MAKE TIME COUNT LTD
Notes to the Accounts
for the year ended 31 May 2017
MAKE TIME COUNT LTD is a private company, limited by shares, registered in England and Wales, registration number 8525527. The registered office is 145-157 ST JOHN STREET, LONDON, EC1V 4PW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 May 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight line
Computer equipment
25% Straight line
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2016
1,540
1,348
2,888
At 31 May 2017
1,540
1,348
2,888
At 1 June 2016
385
674
1,059
Charge for the year
385
337
722
At 31 May 2017
770
1,011
1,781
At 31 May 2017
770
337
1,107
At 31 May 2016
1,155
674
1,829
MAKE TIME COUNT LTD
Notes to the Accounts
for the year ended 31 May 2017
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Creditors: amounts falling due within one year
2017
2016
Taxes and social security
19,613
11,222
Loans from directors
967
500
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Average number of employees
During the year the average number of employees was 0 (2016: 0).
