M M CAD Services Limited - Abbreviated accounts

M M CAD Services Limited - Abbreviated accounts


Registered number
06345803
M M CAD Services Limited
Unaudited Abbreviated Accounts
31 August 2015
M M CAD Services Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of M M CAD Services Limited for the year ended 31 August 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of M M CAD Services Limited for the year ended 31 August 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook.
This report is made solely to the Board of Directors of M M CAD Services Limited, as a body, in accordance with the terms of our engagement letter dated 3 December 2015. Our work has been undertaken solely to prepare for your approval the accounts of M M CAD Services Limited and state those matters that we have agreed to state to the Board of Directors of M M CAD Services Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M M CAD Services Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that M M CAD Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of M M CAD Services Limited. You consider that M M CAD Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of M M CAD Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts.
Venture Accounting Limited
Chartered Accountants
26 York Street
London
W1U 6PZ
22 April 2016
M M CAD Services Limited
Registered number: 06345803
Abbreviated Balance Sheet
as at 31 August 2015
Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 377 563
Current assets
Debtors 320 (562)
Cash at bank and in hand 82,260 72,181
82,580 71,619
Creditors: amounts falling due within one year (36,971) (44,707)
Net current assets 45,609 26,912
Total assets less current liabilities 45,986 27,475
Provisions for liabilities - (113)
Net assets 45,986 27,362
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 45,984 27,360
Shareholders' funds 45,986 27,362
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 provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Michael Walls
Director
Approved by the board on 22 April 2016
M M CAD Services Limited
Notes to the Abbreviated Accounts
for the year ended 31 August 2015
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Computer equipment 33% reducing balance
0 0
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2 Tangible fixed assets £
Cost
At 1 September 2014 1,391
At 31 August 2015 1,391
Depreciation
At 1 September 2014 828
Charge for the year 186
At 31 August 2015 1,014
Net book value
At 31 August 2015 377
At 31 August 2014 563
3 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 2 2 2
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