Micro-entity Accounts - M BALE CONSULTING LTD

Micro-entity Accounts - M BALE CONSULTING LTD

Registered Number 08480344


Micro-entity Accounts

30 April 2017

M BALE CONSULTING LTD Registered Number 08480344

Micro-entity Balance Sheet as at 30 April 2017

Notes 2017 2016
£ £
Fixed assets
Intangible assets 1,342 428
1,342 428
Current assets
Debtors 2,122 -
Cash at bank and in hand 548 13,313
2,670 13,313
Creditors: amounts falling due within one year (3,680) (13,393)
Net current assets (liabilities) (1,010) (80)
Total assets less current liabilities 332 348
Total net assets (liabilities) 332 348
Capital and reserves
Called up share capital 100 100
Profit and loss account 232 248
Shareholders' funds 332 348
  • For the year ending 30 April 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • 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 micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 20 October 2017

And signed on their behalf by:
Mamothepu Bale, Director

M BALE CONSULTING LTD Registered Number 08480344

Notes to the Micro-entity Accounts for the period ended 30 April 2017

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible assets depreciation policy
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years