Abbreviated Company Accounts - MIDGE - TECH LTD

Registered Number SC303130

MIDGE - TECH LTD

Abbreviated Accounts

31 May 2014

MIDGE - TECH LTD Registered Number SC303130

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	-	2,000
Tangible assets	3	83	168
		83	2,168
Current assets
Stocks		25,961	33,683
Debtors		108,410	120,539
		134,371	154,222
Creditors: amounts falling due within one year		(122,654)	(155,612)
Net current assets (liabilities)		11,717	(1,390)
Total assets less current liabilities		11,800	778
Total net assets (liabilities)		11,800	778
Capital and reserves
Called up share capital		100	100
Profit and loss account		11,700	678
Shareholders' funds		11,800	778

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 27 February 2015

And signed on their behalf by:
E Todd, Director

MIDGE - TECH LTD Registered Number SC303130

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 total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities

Tangible assets depreciation policy
Fixtures and fittings 25% straight line
Motor vehicles 25% straight line

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 5 years

2Intangible fixed assets

	£
Cost
At 1 June 2013	10,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	10,000
Amortisation
At 1 June 2013	8,000
Charge for the year	2,000
On disposals	-
At 31 May 2014	10,000
Net book values
At 31 May 2014	0
At 31 May 2013	2,000

3Tangible fixed assets

	£
Cost
At 1 June 2013	41,893
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	41,893
Depreciation
At 1 June 2013	41,725
Charge for the year	85
On disposals	-
At 31 May 2014	41,810
Net book values
At 31 May 2014	83
At 31 May 2013	168