MADSENSCRIPPS_LIMITED - Accounts

MADSENSCRIPPS LIMITED - Company Information

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Company Registration No. 04236117 (England and Wales)

MADSENSCRIPPS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2015

MADSENSCRIPPS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

MADSENSCRIPPS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

2,807

Current assets

Debtors

7,692

Cash at bank and in hand

7,693

Creditors: amounts falling due within one year

(140,992)

(5,121)

Net current liabilities

(133,299)

(5,120)

Total assets less current liabilities

(130,492)

(5,120)

Capital and reserves

Called up share capital

Profit and loss account

(130,493)

(5,121)

Shareholder's funds

(130,492)

(5,120)

For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 July 2015

B Scripps

Director

Company Registration No. 04236117

MADSENSCRIPPS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company meets its day to day working capital requirements through the support of the directors. This support has been confirmed for a period of at least twelve months from the date of approval of the financial statements. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% straight line

Fixed assets

Tangible assets

Cost

At 1 July 2014

Additions

3,743

At 30 June 2015

3,743

Depreciation

At 1 July 2014

Charge for the year

936

At 30 June 2015

936

Net book value

At 30 June 2015

2,807

Share capital

2015

2014

Allotted, called up and fully paid

1 ordinary share of £1 each

Related party relationships and transactions

MADSENSCRIPPS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

Related party relationships and transactions

(Continued)

- 3 -

At the balance sheet date the company owed B Scripps £139,991 (2014 - £5,121).