Company Registration No. 06243206 (England and Wales)
AUSTIN MACAULEY PUBLISHERS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2015
AUSTIN MACAULEY PUBLISHERS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
AUSTIN MACAULEY PUBLISHERS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2015
31 August 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
13,925
11,127
Current assets
Stocks
39,660
13,181
Debtors
821,050
319,802
Cash at bank and in hand
186,685
139,161
1,047,395
472,144
Creditors: amounts falling due within one year
(1,054,588)
(403,055)
Net current liabilities/(assets)
(7,193)
69,089
Total assets less current liabilities
6,732
80,216
Creditors: amounts falling due after more than one year
(5,824)
(10,113)
908
70,103
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
808
70,003
Shareholders' funds
908
70,103
For the financial year ended 31 August 2015 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 his 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.
Approved by the Board for issue on 31 May 2016
Mr M Bu-Malik
Director
Company Registration No. 06243206
AUSTIN MACAULEY PUBLISHERS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The director considers the company to be a going concern but has not assessed a period in excess of 12 months from the date of approving these accounts.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. In respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of contracts for on-going services is recognised by reference to stage of completion.
In respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of contracts for on-going services is recognised by reference to stage of completion.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Property improvements
10 Years straight line
Office equipment
5 Years straight line
Computer equipment
3 Years straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2014
15,891
Additions
7,277
At 31 August 2015
23,168
Depreciation
At 1 September 2014
4,763
Charge for the year
4,480
At 31 August 2015
9,243
Net book value
At 31 August 2015
13,925
At 31 August 2014
11,127
AUSTIN MACAULEY PUBLISHERS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
4
Related party relationships and transactions
At the balance sheet date Mr M Bu-Malik, the director, owed the Company £53,756 (2014 - £11,257).
The maximum overdrawn balance in the year was £55,437 (2014 - £44,122).
The loan is interest free and has no fixed date for repayment.
Mr M Bu-Malik has provided a personal guarantee in respect of the Company's bank loan.