MGM Consultancy Solutions LTD - Abbreviated accounts

MGM Consultancy Solutions LTD - Abbreviated accounts


Registered number
08955658
MGM Consultancy Solutions LTD
Abbreviated Accounts
31 March 2016
MGM Consultancy Solutions LTD
Registered number: 08955658
Abbreviated Balance Sheet
as at 31 March 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 599 899
Current assets
Debtors - 6,072
Cash at bank and in hand 13,573 10,913
13,573 16,985
Creditors: amounts falling due within one year (9,740) (11,280)
Net current assets 3,833 5,705
Net assets 4,432 6,604
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 4,431 6,603
Shareholders' funds 4,432 6,604
The directors are 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 directors acknowledge their 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.
M. Musson
Director
Approved by the board on 6 December 2016
MGM Consultancy Solutions LTD
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
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.
2 Tangible fixed assets £
Cost
At 1 April 2015 1,199
At 31 March 2016 1,199
Depreciation
At 1 April 2015 300
Charge for the year 300
At 31 March 2016 600
Net book value
At 31 March 2016 599
At 31 March 2015 899
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 1 1 1
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