REGISTERED NUMBER: 03323933 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

MGF Consulting Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M C Froggatt

Mrs G Froggatt

SECRETARY:

M C Froggatt

REGISTERED OFFICE:

124 Bamford Road

Inkersall

Chesterfield

Derbyshire

S43 3DS

REGISTERED NUMBER:

03323933 (England and Wales)

FIXED ASSETS

Tangible assets

2

4,572

5,738

CURRENT ASSETS

Debtors

12,517

19,166

Cash at bank

6,254

7,503

18,771

26,669

CREDITORS

Amounts falling due within one year

20,625

24,204

NET CURRENT (LIABILITIES)/ASSETS

(1,854

)

2,465

TOTAL ASSETS LESS CURRENT LIABILITIES

2,718

8,203

PROVISIONS FOR LIABILITIES

1,007

1,015

NET ASSETS

1,711

7,188

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

1,709

7,186

SHAREHOLDERS' FUNDS

1,711

7,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 19 December 2016 and were signed on its behalf by:

M C Froggatt - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, 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 reducing balance

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

35,218

Additions

359

At 31 March 2016

35,577

DEPRECIATION

At 1 April 2015

29,480

Charge for year

1,525

At 31 March 2016

31,005

NET BOOK VALUE

At 31 March 2016

4,572

At 31 March 2015

5,738

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

2

Ordinary

£1

2

2