MAL Consulting South West Limited - Period Ending 2015-11-30

Registration number: 06749050

MAL Consulting South West Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2015
 

Neil Wilson & Co Chartered Accountants
42a Walnut Road
Chelston
Torquay
Devon
TQ2 6HS

MAL Consulting South West Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
MAL Consulting South West Limited
for the Year Ended 30 November 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MAL Consulting South West Limited for the year ended 30 November 2015 set out on pages 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 (ICAEW), 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 MAL Consulting South West Limited, as a body, in accordance with the terms of our engagement letterdated 17 November 2008. Our work has been undertaken solely to prepare for your approval the accounts of MAL Consulting South West Limited and state those matters that we have agreed to state to them, 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 MAL Consulting South West Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that MAL Consulting South West 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 loss of MAL Consulting South West Limited. You consider that MAL Consulting South West 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 MAL Consulting South West 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 statutory accounts.

......................................

Neil Wilson & Co Chartered Accountants
42a Walnut Road
Chelston
Torquay
Devon
TQ2 6HS

26 August 2016

Page 1

MAL Consulting South West Limited
(Registration number: 06749050)
Abbreviated Balance Sheet at 30 November 2015

		Note			2015 £			2014 £
Current assets
Debtors					5,934			11,920
Cash at bank and in hand					4			12
					5,938			11,932
Creditors: Amounts falling due within one year					(23,104)			(27,802)
Net liabilities					(17,166)			(15,870)
Capital and reserves
Called up share capital		2			1			1
Profit and loss account					(17,167)			(15,871)
Shareholders' deficit					(17,166)			(15,870)

For the year ending 30 November 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 26 August 2016

.........................................
Mr Matthew Lyon
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

MAL Consulting South West Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis. As the company continues to benefit from the support of the director who is also it's major creditor.

Turnover

Turnover is derrived from the provision of services in the field of consulting and is stated net of VAT.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

3	Related party transactions

Director's advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
Mr Matthew Lyon
Loan from director	(21,999)	-	(26,923)	-

Page 3