Micro-entity Accounts - MAXIBAR LIMITED

05742179 MAXIBAR LIMITED 2017-03-31 false 2016-04-01 2017-03-31 true 05742179 2016-04-01 2017-03-31 05742179 2017-03-31 05742179 2016-03-31 05742179 uk-gaap-cd-bus:Director1 2016-04-01 2017-03-31 05742179 uk-gaap-cd-bus:Director2 2016-04-01 2017-03-31 05742179 uk-gaap-cd-bus:AllEntityOfficers 2016-04-01 2017-03-31 iso4217:GBP shares

Registered Number 05742179

MAXIBAR LIMITED

Micro-entity Accounts

31 March 2017

MAXIBAR LIMITED Registered Number 05742179

Micro-entity Balance Sheet as at 31 March 2017

	Notes	2017	2016
		£	£
Fixed Assets		32,809	36,730
Current Assets		95,383	160,295
Creditors: amounts falling due within one year	1	(301,477)	(314,056)
Net current assets (liabilities)		(206,094)	(153,761)
Total assets less current liabilities		(173,285)	(117,031)
Creditors: amounts falling due after more than one year	1	(100,000)	-
Accruals and deferred income		(926)	-
Total net assets (liabilities)		(274,211)	(117,031)
Capital and reserves		(274,211)	(117,031)

For the year ending 31 March 2017 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 January 2018

And signed on their behalf by:
M Harding, Director

Footnotes:

Advances and credits
During the year advances of £6,493 were made to the director, of which £6,493 was repaid. At the year end £5,833 (2016 - £14,201) was outstanding.

MAXIBAR LIMITED Registered Number 05742179

Notes to the Micro-entity Accounts for the period ended 31 March 2017

1Creditors

	2017 £	2016 £
Secured Debts	48,669	96,465

2Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and are in accordance with the Financial Reporting Standing 105 - the Financial Reporting Standard applicable to the Micro-entities Regime.

The financial statements for the year ended 31st March 2017 were prepared under the financial reporting framework in accordance with United Kingdom Generally Accepted Accounting Practice (UK GAAP). The transition to FRS 105 has resulted in an increase to the 2016 brought forward reserves of £9,656 and 2017 brought forward reserves of £7,346 following the exclusion of the deferred tax provision.

Other accounting policies
The company is currently insolvent. However the directors have prepared the accounts on the going concern basis as a result of the continuing support of the directors and creditors as its justification.