Maggie Cork and Associates Ltd. - Limited company accounts 11.7

REGISTERED NUMBER: 07094987 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 30 June 2015

for

Maggie Cork and Associates Ltd.

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

Professor M A Cork

SECRETARY:

REGISTERED OFFICE:

Lion Court (Staunton Harold)

Staunton Harold Hall

Ashby de la Zouch

Leicestershire

LE65 1RT

REGISTERED NUMBER:

07094987 (England and Wales)

ACCOUNTANTS:

BL Accountancy

Quorn Lodge

Callans Lane

Calke

Leicestershire

LE65 1RJ

The director presents her report with the financial statements of the company for the year ended 30 June 2015.

DIRECTOR

Professor M A Cork held office during the whole of the period from 1 July 2014 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the

Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Professor M A Cork - Director

30 September 2015

TURNOVER

65,732

152,975

Administrative expenses

22,397

46,355

OPERATING PROFIT

2

43,335

106,620

Interest receivable and similar income

69

585

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

43,404

107,205

Tax on profit on ordinary activities

3

8,877

21,669

PROFIT FOR THE FINANCIAL YEAR

34,527

85,536

CURRENT ASSETS

Debtors

5

8,246

15,354

Cash at bank

27,576

20,433

35,822

35,787

CREDITORS

Amounts falling due within one year

6

10,510

22,676

NET CURRENT ASSETS

25,312

13,111

TOTAL ASSETS LESS CURRENT LIABILITIES

25,312

13,111

CAPITAL AND RESERVES

Called up share capital

7

100

100

Profit and loss account

8

25,212

13,011

SHAREHOLDERS' FUNDS

25,312

13,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by M A Cork the director on 30 September 2015 and were signed by:

Professor M A Cork - 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	OPERATING PROFIT

The operating profit is stated after charging:

Period

1.1.13

Year Ended

to

30.6.15

30.6.14

£

£

Director's remuneration and other benefits etc

-

-

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

Period

1.1.13

Year Ended

to

30.6.15

30.6.14

£

£

Current tax:

UK corporation tax

8,877

21,669

Tax on profit on ordinary activities

8,877

21,669

4.

DIVIDENDS

Period

1.1.13

Year Ended

to

30.6.15

30.6.14

£

£

Ordinary shares of 1.00 each

Interim

22,326

81,400

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.15

30.6.14

£

£

Trade debtors

8,666

13,889

Other debtors

(420

)

1,465

8,246

15,354

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.15

30.6.14

£

£

Taxation and social security

8,877

21,624

Other creditors

1,633

1,052

10,510

22,676

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

100

Ordinary

1.00

100

100

8.

RESERVES

Profit

and loss

account

£

At 1 July 2014

13,011

Profit for the year

34,527

Dividends

(22,326

)

At 30 June 2015

25,212