Mavalon Limited

Contents
	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 4440435

		2018		2017
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	6		19,391		4,364

			19,391		4,364
CURRENT ASSETS
Debtors		2,442		8,599
Cash at bank and in hand		64,616		80,897

		67,058		89,496
Creditors: Amounts Falling Due Within One Year		(35,165 )		(43,546 )

NET CURRENT ASSETS (LIABILITIES)			31,893		45,950

TOTAL ASSETS LESS CURRENT LIABILITIES			51,284		50,314

PROVISIONS FOR LIABILITIES
Deferred Taxation	7		(3,680 )		(825 )

NET ASSETS			47,604		49,489

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			47,602		49,487

SHAREHOLDERS' FUNDS			47,604		49,489

Page 1

Mavalon Limited

Abridged Balance Sheet (continued)

As at 31 May 2018

For the year ending 31 May 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 May 2018 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Jonathan Madgett

26th February 2019

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. 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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Office equipment

20% Straight Line

1.4. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

1.5. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

4. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2018	2017
Office and administration	1	1

	1	1

Page 3

Mavalon Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 May 2018

6. Tangible Assets


	Total
	£
Cost
As at 1 June 2017	13,071
Additions	20,772

As at 31 May 2018	33,843

Depreciation
As at 1 June 2017	8,707
Provided during the period	5,745

As at 31 May 2018	14,452

Net Book Value
As at 31 May 2018	19,391

As at 1 June 2017	4,364

7. Deferred Taxation

The provision for deferred taxation is made up of accelerated capital allowances

	2018	2017
	£	£
Deferred tax	3,680	825

	3,680	825

8. Share Capital

	2018		2017
Allotted, Called up and fully paid	2		2

	Value	Number	2018	2017
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	2	2	2

9. General Information

Mavalon Limited Registered number 4440435 is a company limited by shares, incorporated in England & Wales. The Registered Office is 1 Stoneham Cottages, Gravelly Ways, Laddingford, Kent, ME18 6BZ.