REGISTERED NUMBER: 09229559 (England and Wales)

Financial Statements for the Year Ended 30 September 2017

for

MA&Y Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Johnson

REGISTERED OFFICE:

67 Cobham Avenue

New Malden

Surrey

KT3 6ER

REGISTERED NUMBER:

09229559 (England and Wales)

ACCOUNTANTS:

Atkinsons

Chartered Accountants

86 Burlington Road

New Malden

Surrey

KT3 4NT

FIXED ASSETS

Tangible assets

4

11,824

2,206

CURRENT ASSETS

Cash at bank

338

3,248

CREDITORS

Amounts falling due within one year

5

53,456

41,773

NET CURRENT LIABILITIES

(53,118

)

(38,525

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(41,294

)

(36,319

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

6

(41,394

)

(36,419

)

SHAREHOLDERS' FUNDS

(41,294

)

(36,319

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 22 June 2018 and were signed by:

J Johnson - Director

1.	STATUTORY INFORMATION

MA&Y Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number

and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements have been prepared on the basis that the company will continue to be a going concern. At the

year end the current liabilities exceeded current assets by £53,118. The validity of this basis depends upon the continued

support of the company's director. The director confirms that they will give their required support.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Tangible fixed assets

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

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

date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been

enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 .

4.	TANGIBLE FIXED ASSETS

Web

Motor

Computer

development

vehicles

equipment

Totals

£

£

£

£

COST

At 1 October 2016

-

421

3,500

3,921

Additions

3,073

8,100

2,385

13,558

At 30 September 2017

3,073

8,521

5,885

17,479

DEPRECIATION

At 1 October 2016

-

184

1,531

1,715

Charge for year

768

2,084

1,088

3,940

At 30 September 2017

768

2,268

2,619

5,655

NET BOOK VALUE

At 30 September 2017

2,305

6,253

3,266

11,824

At 30 September 2016

-

237

1,969

2,206

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Bank loans and overdrafts

19,482

16,483

Trade creditors

2,261

-

Other creditors

31,713

25,290

53,456

41,773

6.

RESERVES

Retained

earnings

£

At 1 October 2016

(36,419

)

Deficit for the year

(4,975

)

At 30 September 2017

(41,394

)

7.	RELATED PARTY DISCLOSURES