Medusa Musselburgh Limited - Limited company - abbreviated - 11.6
Medusa Musselburgh Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31st August 2014 |
| for |
| Medusa Musselburgh Limited |
| Medusa Musselburgh Limited (Registered number: SC194027) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31st August 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Medusa Musselburgh Limited |
| Company Information |
| for the Year Ended 31st August 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Medusa Musselburgh Limited (Registered number: SC194027) |
| Abbreviated Balance Sheet |
| 31st August 2014 |
| 31.8.14 | 31.8.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 4 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| Medusa Musselburgh Limited (Registered number: SC194027) |
| Abbreviated Balance Sheet - continued |
| 31st August 2014 |
| The financial statements were approved by the Board of Directors on by: |
| Medusa Musselburgh Limited (Registered number: SC194027) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31st August 2014 |
| 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). |
| Exemption from preparing a cash flow statement |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
| small company. |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Goodwill |
| There have been various amounts of goodwill purchased this year and over the last few years. All purchased |
| goodwill is capitalised and written off to the profit & loss on a straight line basis over either 10 years or 20 years |
| depending on the estimated useful life of the goodwill. |
| Tangible fixed assets |
| Improvements to property | - |
| Fixtures and fittings | - |
| Equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st September 2013 |
| and 31st August 2014 |
| AMORTISATION |
| At 1st September 2013 |
| Amortisation for year |
| At 31st August 2014 |
| NET BOOK VALUE |
| At 31st August 2014 |
| At 31st August 2013 |
| Medusa Musselburgh Limited (Registered number: SC194027) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31st August 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st September 2013 |
| Additions |
| At 31st August 2014 |
| DEPRECIATION |
| At 1st September 2013 |
| Charge for year |
| At 31st August 2014 |
| NET BOOK VALUE |
| At 31st August 2014 |
| At 31st August 2013 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.8.14 | 31.8.13 |
| value: | £ | £ |
| Ordinary | 100 |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31st August 2014 and |
| 31st August 2013: |
| 31.8.14 | 31.8.13 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| The director' loan is to be repaid before 31st May 2015. |