M & C Financial Services Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07514058 (England and Wales)

Abbreviated Accounts for the Period 1 March 2013 to 31 March 2014

for

M & C Financial Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr P McGuirk

Mr N Cherry

REGISTERED OFFICE:

131 Northdown Road

Cliftonville

Margate

Kent

CT9 2QY

REGISTERED NUMBER:

07514058 (England and Wales)

ACCOUNTANTS:

P H Accountancy Ltd

99 Canterbury Road

Whitstable

Kent

CT5 4HG

FIXED ASSETS

Tangible assets

2

2,327

944

CURRENT ASSETS

Debtors

3

17,535

14,204

Cash at bank

-

19

17,535

14,223

CREDITORS

Amounts falling due within one year

19,460

17,812

NET CURRENT LIABILITIES

(1,925

)

(3,589

)

TOTAL ASSETS LESS CURRENT LIABILITIES

402

(2,645

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

302

(2,745

)

SHAREHOLDERS' FUNDS

402

(2,645

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 17 June 2014 and were signed on its behalf by:

Mr N Cherry - Director

Mr P McGuirk - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

1,177

Additions

1,794

At 31 March 2014

2,971

DEPRECIATION

At 1 March 2013

233

Charge for period

411

At 31 March 2014

644

NET BOOK VALUE

At 31 March 2014

2,327

At 28 February 2013

944

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 3,507

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1

100

100