M.B Financial Consultancy Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06238695 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

FOR

M.B FINANCIAL CONSULTANCY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M Benitez

SECRETARY:

Miss M D P Ruiz Novo

REGISTERED OFFICE:

The Garden Suite

23 Westfield Park

Redland

Bristol

BS6 6LT

REGISTERED NUMBER:

06238695 (England and Wales)

ACCOUNTANTS:

Mitchell Glanville (Bristol) Limited

The Garden Suite

23 Westfield Park

Redland

Bristol

BS6 6LT

FIXED ASSETS

Tangible assets

2

716

-

CURRENT ASSETS

Debtors

-

20,256

Investments

251,407

50,000

Cash at bank

118,017

271,527

369,424

341,783

CREDITORS

Amounts falling due within one year

79,018

84,656

NET CURRENT ASSETS

290,406

257,127

TOTAL ASSETS LESS CURRENT LIABILITIES

291,122

257,127

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

291,120

257,125

SHAREHOLDERS' FUNDS

291,122

257,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 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 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 director on 16 January 2015 and were signed by:

M Benitez - 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 April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Deferred tax

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

955

At 31 May 2014

955

DEPRECIATION

Charge for year

239

At 31 May 2014

239

NET BOOK VALUE

At 31 May 2014

716

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2014 and 31 May 2013:

2014

2013

£

£

M Benitez

Balance outstanding at start of year

(30,967

)

(40,752

)

Amounts advanced

9,108

9,785

Amounts repaid

(40,633

)

-

Balance outstanding at end of year

(62,492

)

(30,967

)

During the year the company paid dividends of £28,500 (2013 : £32,000) to the director.