The Mathews Partnership Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07987454 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

The Mathews Partnership Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S R Mathews

Mrs B Mathews

REGISTERED OFFICE:

7 Derby Road

Garstang

Preston

Lancashire

PR3 1EU

REGISTERED NUMBER:

07987454 (England and Wales)

ACCOUNTANTS:

Inspire Chartered Accountants

6 Queens Court

Third Avenue

Team Valley

Gateshead

Tyne and Wear

NE11 0BU

FIXED ASSETS

Intangible assets

2

18,000

21,000

Tangible assets

3

2,147

1,535

20,147

22,535

CURRENT ASSETS

Stocks

193

258

Debtors

7,625

876

Cash at bank

4,391

2,440

12,209

3,574

CREDITORS

Amounts falling due within one year

24,581

18,505

NET CURRENT LIABILITIES

(12,372

)

(14,931

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,775

7,604

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

7,675

7,504

SHAREHOLDERS' FUNDS

7,775

7,604

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 12 October 2016 and were signed on its behalf
by:

S R Mathews - 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 January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

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

balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

30,000

AMORTISATION

At 1 April 2015

9,000

Amortisation for year

3,000

At 31 March 2016

12,000

NET BOOK VALUE

At 31 March 2016

18,000

At 31 March 2015

21,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

4,056

Additions

1,601

Disposals

(628

)

At 31 March 2016

5,029

DEPRECIATION

At 1 April 2015

2,521

Charge for year

967

Eliminated on disposal

(606

)

At 31 March 2016

2,882

NET BOOK VALUE

At 31 March 2016

2,147

At 31 March 2015

1,535

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

50

A Ordinary

£1

50

B Ordinary

£1

50

100