Tom McNulty Design Limited - Accounts

				Tom McNulty Design Limited
				Report and Accounts
				For the Period Ended
				30 September 2016
				Company Number
				09247993
				Tom McNulty Design Limited
				Report and Accounts
				Year Ending 30 September 2016
Contents				Page
Company Information				2
Report of the Directors				3
Profit and Loss Account				4
Balance Sheet				5
Notes to the Accounts				6 to 7
				Company Information
				Director
				Mr Tom McNulty
				Registered Office
				2 The Precinct
				Rest Bay
				Porthcawl
				Glamorgan
				CF36 3RF
				Tom McNulty Design Limited
				Report of the Directors
The director presents a report and financial statements for the year ended 30 September 2016
				Principal Activities
The principal activity of the company is the provision of contract services.
				Directors
The directors who served during the period and their interest in the shares of the company at the
beginning and end of the period were as follows:
						Ordinary Shares of 1GBP each
					30 September 2016		30 September 2015
Mr Tom McNulty					100		100
				Small Company
Advantage has been taken of special exemptions applicable to small companies in the preparation
of this report
Registered Office					On behalf of the board
2 The Precinct
Rest Bay
Porthcawl					_________________
CF36 3RF					Mr Tom McNulty
		This report was approved by the board on 10 June 2017 and signed on its behalf
				Tom McNulty Design Limited
				Trading and Profit and Loss Account
				Year Ending 30 September 2016
					Note	2016		2015
					No.	£		£
Turnover					1	56067		35030
Less Cost of Sales						0		0
--------							--------
Gross Profit						56067		35030
Administrative Expenses						21694		19146
--------							--------
Operating Profit					2	34373		15884
Interest Received						0		0
Interest Payable						0		0
--------							--------
Profit on Ordinary Activities Before Taxation						34373		15884
Taxation					4	7378		3147
--------							--------
Profit on Ordinary Activities After Taxation						26995		12737
Dividends Paid						28000		12750
--------							--------
Retained Surplus Transferred to Reserves					8	-1005		-13
=====							=====
				Total Recognised Gains And Losses
There are no other gains or losses for the year other than those going through the profit and loss
account.
				Continuing Activities
All income and expenses are from continuing activities.
				Tom McNulty Design Limited
				Balance Sheet As At
				30 September 2016
				Note	2016	2016	2015	2015
				No.	£	£	£	£
Fixed Assets		Intangible Assets		5		7000		0
		Tangible Assets		5		1698		1091
--------							--------
		Total Fixed Assets		5		8698		1091
Current Assets:
Bank account					9264		7330
Trade debtors					1146		2781
Work in progress					454		0
Directors loan account					0		0
--------						--------
					10864		10111
Creditors:
Amounts Falling due Within One Year				6	20480		11115
--------						--------
Net Current Assets						-9616		-1004
--------							--------
Total Assets Less Current Liabilities						-918		87
=====							=====
Capital and Reserves						2016		2015
						£		£
Called up Share Capital				7		100		100
Profit and Loss Account				8		-1018		-13
--------							--------
Shareholders Funds				8		-918		87
=====							=====
The financial statements are hereby approved by the board of directors.

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.

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 preperation of accounts. This statement fully complies

with section 475 of the Companies Act 2006.

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.

		Mr Tom McNulty						10 June 2017
____________________		(director)				_________________ Date
				Tom McNulty Design Limited
				Notes to the Accounts
				Year Ending 30 September 2016
1. Accounting Policies

(a) The accounts have been prepared under the Historical Cost Convention. The principal policies
which the directors have adopted within that convention are set out below.
(b) Depreciation is provided on tangible fixed assets each year in order to write their value down
over their estimated lives. The rates that apply are as follows:
Office equipment			40%
Plant and equipment			15%
(c) The charge for taxation is based on the profit for the year and takes into account taxation
deferred because of timing differences between the treatment of certain items for accounting and
taxation purposes. Provision for deferred taxation is made under the liability method only to the
extent that it is probable that the liability will become payable in the foreseeable future.

(d) Turnover is stated as invoices issued, net of value added tax payable.

2. Operating Profit						2016		2015
						£		£
Operating profit is arrived at after charging:
Depreciation on tangible fixed assets						814		354
3. Directors Emoluments
The amounts received by the directors were as follows:
Management remuneration						9356		10300
4. Deferred Tax
No provision has been made in respect of deferred taxation. The total potential provision
would have been nil.
5. Fixed Assets		Intangible
Fixed Asset					Tangible Fixed Assets
					Plant &	Office		Total
Cost		Goodwill	Cost		Equipment	Equipment		£
Opening balance		0	Opening balance		895	550		1445
Additions		8750	Additions		0	1421		1421
Disposals		0	Revaluations		0	0		0
Closing balance		8750	Closing balance		895	1971		2866
Depreciation				Depreciation
Opening balance		0	Opening balance		134	220		354
Charge for the year		1750	Charge for the year		114	700		814
Disposals		0	Revaluations		0	0		0
Closing balance		1750	Closing balance		248	920		1168
Net Book Value				Net Book Value
Closing balance		7000	Closing balance		647	1051		1698
				Tom McNulty Design Limited
				Notes to the Accounts (Continued)
				Year Ending 30 September 2016
6. Creditors: due within one year.						2016		2015
						£		£
Creditors and accruals						645		565
Corporation tax						7378		3147
Paye and ni						275		275
VAT						2094		1261
Directors loan account						10088		5867
----------							----------
						20480		11115
======							======
7. Share Capital
Allocated, called up and fully paid
Ordinary shares of one GBP each						100		100
======							======
8. Shareholders Funds					Share	Profit &	Shareholders
					Capital	Loss a/c		Funds
					£	£		£
Opening balance					100	-13		87
Results for the year					0	-1005		-1005
----------						----------	----------
28 February 2016					100	-1018		-918
======						======	======
9. Controlling Parties
A director and a controlling party of the company within the definition contained in FRS 8 is identified as:
Mr Tom McNulty
				This is the end of the statutory financial statements