MAB Cleaning Services Ltd
Registered number: 06130065
Balance Sheet
as at 31 March 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 5,754 8,614
5,754 8,614
Current assets
Debtors 3 5,052 18,457
Cash at bank and in hand 100 100
5,152 18,557
Creditors: amounts falling due within one year 4 (17,313) (17,042)
Net current (liabilities)/assets (12,161) 1,515
Total assets less current liabilities (6,407) 10,129
Creditors: amounts falling due after more than one year 5 (7,294) (10,118)
Net (liabilities)/assets (13,701) 11
Capital and reserves
Called up share capital 100 100
Profit and loss account (13,801) (89)
Shareholders' funds (13,701) 11
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mark Beattie
Director
Approved by the board on 21 December 2016
MAB Cleaning Services Ltd
Notes to the Accounts
for the year ended 31 March 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 25% Reducing Balance
Plant and Machinery 25% Reducing Balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2015 801 11,295 12,096
At 31 March 2016 801 11,295 12,096
Depreciation
At 1 April 2015 658 2,824 3,482
Charge for the year 36 2,824 2,860
At 31 March 2016 694 5,648 6,342
Net book value
At 31 March 2016 107 5,647 5,754
At 31 March 2015 143 8,471 8,614
3 Debtors 2016 2015
£ £
Trade debtors 5,052 8,457
Other debtors - 10,000
5,052 18,457
4 Creditors: amounts falling due within one year 2016 2015
£ £
Bank loans and overdrafts 7,866 8,770
Trade creditors 1,950 900
Corporation tax 4,695 4,639
Other taxes and social security costs 2,802 2,733
17,313 17,042
5 Creditors: amounts falling due after one year 2016 2015
£ £
Obligations under finance lease and hire purchase contracts 7,294 10,118
7,294 10,118
6 Other information
MAB Cleaning Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Coriander Drive
Maidstone
Kent
ME16 0ZD
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