Abbreviated Company Accounts - MATBAA DESIGN & PRINT LIMITED

Abbreviated Company Accounts - MATBAA DESIGN & PRINT LIMITED

MATBAA DESIGN & PRINT LIMITED - Company Information

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Registered Number 03562480

MATBAA DESIGN & PRINT LIMITED

Abbreviated Accounts

31 May 2014

MATBAA DESIGN & PRINT LIMITED Registered Number 03562480

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 9,356 10,919
9,356 10,919
Current assets
Stocks 28,430 8,680
Debtors 55,137 53,748
Cash at bank and in hand 43,952 37,507
127,519 99,935
Creditors: amounts falling due within one year (98,187) (70,725)
Net current assets (liabilities) 29,332 29,210
Total assets less current liabilities 38,688 40,129
Total net assets (liabilities) 38,688 40,129
Capital and reserves
Called up share capital 2 2
Profit and loss account 38,686 40,127
Shareholders' funds 38,688 40,129
  • For the year ending 31 May 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 February 2015

And signed on their behalf by:
Mr Riza Yelden, Director

MATBAA DESIGN & PRINT LIMITED Registered Number 03562480

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures, Fittings and Equipment 15% per annum on a reducing balance basis
Improvements 15% per annum on a reducing balance basis
Motor Vehicles 20% per annum on a reducing balance basis

2Tangible fixed assets
£
Cost
At 1 June 2013 44,728
Additions 290
Disposals -
Revaluations -
Transfers -
At 31 May 2014 45,018
Depreciation
At 1 June 2013 33,809
Charge for the year 1,853
On disposals -
At 31 May 2014 35,662
Net book values
At 31 May 2014 9,356
At 31 May 2013 10,919