Mfcity Ltd - Limited company - abbreviated

REGISTERED NUMBER: 07059415 (England and Wales)

Abbreviated Accounts for the Year Ended 31 October 2015

for

Mfcity Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr M Fowosere

SECRETARY:

Mrs R Fowosere

REGISTERED OFFICE:

72 John Silkin Lane

London

SE8 5BE

REGISTERED NUMBER:

07059415 (England and Wales)

ACCOUNTANTS:

P H Accountancy Ltd

99 Canterbury Road

Whitstable

Kent

CT5 4HG

FIXED ASSETS

Tangible assets

2

2,671

3,142

CURRENT ASSETS

Debtors

-

8,100

Cash at bank

115,193

99,941

115,193

108,041

CREDITORS

Amounts falling due within one year

31,405

28,961

NET CURRENT ASSETS

83,788

79,080

TOTAL ASSETS LESS CURRENT
LIABILITIES

86,459

82,222

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

86,457

82,220

SHAREHOLDERS' FUNDS

86,459

82,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 1 November 2015 and were signed by:

Mr M Fowosere - 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

3,697

DEPRECIATION

At 1 November 2014

555

Charge for year

471

At 31 October 2015

1,026

NET BOOK VALUE

At 31 October 2015

2,671

At 31 October 2014

3,142

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

1.00

2

Mfcity Ltd - Limited company - abbreviated - 11.9

Mfcity Ltd - Limited company - abbreviated - 11.9