Montgomery Solutions Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06330970 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2016

FOR

MONTGOMERY SOLUTIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C Montgomery

SECRETARY:

W Beecroft

REGISTERED OFFICE:

54 Sun Street

Waltham Abbey

Essex

EN9 1EJ

REGISTERED NUMBER:

06330970 (England and Wales)

ACCOUNTANTS:

KNIGHT WHEELER LIMITED

Chartered Accountants

54 Sun Street

Waltham Abbey

Essex

EN9 1EJ

FIXED ASSETS

Tangible assets

2

3,457

2,262

CURRENT ASSETS

Debtors

36,013

13,338

Cash at bank

127,517

159,704

163,530

173,042

CREDITORS

Amounts falling due within one year

(33,497

)

(41,317

)

NET CURRENT ASSETS

130,033

131,725

TOTAL ASSETS LESS CURRENT
LIABILITIES

133,490

133,987

PROVISIONS FOR LIABILITIES

(691

)

-

NET ASSETS

132,799

133,987

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

132,797

133,985

SHAREHOLDERS' FUNDS

132,799

133,987

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

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

The director acknowledges his 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 director on 23 May 2017 and were signed by:

C Montgomery - 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 amounts chargeable to clients for services supplied during the year, net of value added tax.

Turnover is recognised when a right to consideration has been obtained through performance under each

contract.

Tangible fixed assets

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

Equipment

-

25% on reducing balance

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

6,493

Additions

2,347

At 31 August 2016

8,840

DEPRECIATION

At 1 September 2015

4,231

Charge for year

1,152

At 31 August 2016

5,383

NET BOOK VALUE

At 31 August 2016

3,457

At 31 August 2015

2,262

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2