Matt_Drew_Consulting_Limited_31_May_2016_abbreviated_set_of_accounts.html

Matt_Drew_Consulting_Limited_31_May_2016_abbreviated_set_of_accounts.html


Private Limited CompanyCompany accountstrue1 June 2015FYtruetruefalsetruetruefalsexbrli:purexbrli:sharesiso4217:GBP076363412015-05-312016-05-31076363412016-05-31076363412015-05-3107636341uk-bus:Director12015-05-312016-05-3107636341uk-bus:OrdinaryShareClass12015-05-312016-05-3107636341uk-bus:OrdinaryShareClass12014-05-312015-05-3107636341uk-bus:OrdinaryShareClass12016-05-3107636341uk-bus:OrdinaryShareClass12015-05-31
Company registration number:
07636341
Matt Drew Consulting Limited
Abbreviated Financial Statements
for the year ended
31 May 2016
Matt Drew Consulting Limited
Abbreviated Balance Sheet
31 May 2016
20162015
Note££
Current assets    
Debtors
1,800
 
2,468
 
Cash at bank and in hand
7,040
 
23,136
 
8,840
 
25,604
 
Creditors: amounts falling due within one year 2
2,200
 
(8,446
)
Net current assets
11,040
 
17,158
 
Total assets less current liabilities
11,040
 
17,158
 
Capital and reserves    
Called up share capital 3
10
 
10
 
Profit and loss account
11,030
 
17,148
 
Shareholders funds
11,040
 
17,158
 
For the year ending
31 May 2016
, 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 their 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.
These abbreviated financial statements were approved by the board of directors and authorised for issue on
27 February 2017
, and are signed on behalf of the board by:
M Drew
Director
Company registration number:
07636341
Matt Drew Consulting Limited
Notes to the Abbreviated Accounts
Year ended
31 May 2016

1 Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents amounts invoiced during the year, exclusive of Value Added Tax and trade discounts. Turnover is recognised when the seller obtains the right to consideration in exchange for its performance, usually on dispatch of the goods.

Current tax

Current tax is recognised in the profit and loss account, except to the extent that it is attributable to a gain or loss that has been recognised directly in the statement of total recognised gains or losses. In this case, tax is recognised in this statement. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Financial instruments

Financial instruments are classified and accounted for according to the substance of contractual arrangements, as either financial assets, financial liabilities or equity instruments.

Operating leases

Leases are classified as operating leases where substantially all the benefits of ownerships remain with the lessor. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the lease term.

2 Creditors: amounts falling due within one year

3 Called up share capital

Allotted, called up and fully paid

20162015
No.£No.£
Ordinary
shares of £​
1.00
each
10
 
10
 
10
 
10