Company Registration No. 08573637 (England and Wales)
MAXWELLIA LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
MAXWELLIA LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
MAXWELLIA LTD
Company Registration No. 08573637
ABBREVIATED BALANCE SHEET
AS AT 30 June 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
296
-
Current assets
Debtors
6,040
34,220
Cash at bank and in hand
38,743
6,562
44,783
40,782
Creditors: amounts falling due within one year
(5,512)
(35,018)
Net current assets
39,271
5,764
Total assets less current liabilities
39,567
5,764
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
38,567
4,764
Shareholders' funds
39,567
5,764
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.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her 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 15 March 2016
A H Maxwell
Director
MAXWELLIA LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015
- 2 -
1
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).
1.2
Turnover
Turnover represents amounts receivable for consultancy services supplied during the year, exclusive of VAT and trade discounts. The proportion of invoiced services that relate to later periods are carried forward as deferred income within creditors.consultancy services supplied during the year, exclusive of VAT and trade discounts.
The proportion of invoiced services that relate to later periods are carried forward as deferred income within creditors.
Income is recognised in the period in which the service is supplied.
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:
Computer equipment
25% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2014
-
Additions
395
At 30 June 2015
395
Depreciation
At 1 July 2014
-
Charge for the year
99
At 30 June 2015
99
Net book value
At 30 June 2015
296
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
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