Maxine Edney Associates Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08783114 (England and Wales)

Financial Statements

for the Year Ended 30 November 2017

for

MAXINE EDNEY ASSOCIATES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms M Edney

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

08783114 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Tangible assets

4

619

1,031

CURRENT ASSETS

Debtors

5

-

8,287

Cash at bank

11,988

7,290

11,988

15,577

CREDITORS

Amounts falling due within one year

6

9,442

13,583

NET CURRENT ASSETS

2,546

1,994

TOTAL ASSETS LESS CURRENT LIABILITIES

3,165

3,025

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

3,065

2,925

SHAREHOLDERS' FUNDS

3,165

3,025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 6 August 2018 and were signed by:

Ms M Edney - Director

1.	STATUTORY INFORMATION

Maxine Edney Associates Ltd 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 30 November 2017 are the first that are

prepared in accordance with FRS 102 Section 1A. The previous financial statements were

prepared in accordance with UK GAAP, the date of transition to FRS 102 Section 1A is

1 December 2015.

Turnover

Turnover represents invoiced sale of services. Turnover is recognised when services are

provided.

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

-

25% on reducing balance

Computer equipment

-

33% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 December 2016

and 30 November 2017

980

2,727

3,707

DEPRECIATION

At 1 December 2016

567

2,109

2,676

Charge for year

103

309

412

At 30 November 2017

670

2,418

3,088

NET BOOK VALUE

At 30 November 2017

310

309

619

At 30 November 2016

413

618

1,031

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade debtors

-

1,309

Other debtors

-

175

Directors' current accounts

-

6,803

-

8,287

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Tax

8,089

6,818

Social security and other taxes

-

343

Directors' current accounts

1

-

Accruals and deferred income

1,352

6,422

9,442

13,583

7.

RESERVES

Retained

earnings

£

At 1 December 2016

2,925

Profit for the year

30,905

Dividends

(30,765

)

At 30 November 2017

3,065

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms M Edney.